Q: I need assistance on the agent/broker commission. I had bought a property recently wherein I approached directly the sales office of the developer and booked one apartment. The developer has appointed an agent/broker from their side to handle the process. As per the SPA, the broker is eligible for an amount of 2% from the seller side. Now, after completion of the handover, the same broker is asking for 2% from my end. The property is bought directly from the developer and I am the primary owner (i.e. the property is not a resale property). Is the broker eligible to 2% commission on the property value again from the buyer when he has already been paid by the developer? The SPA does not mention any commission from the buyer, can the broker still insist on the commission? As a buyer, what rights do I have in this scenario?

Q: Hi, We are a third party portal acting as a broker. We are selling products in the UAE on behalf of retailers. However, we invoice end users including the VAT. Our model is based on commission which means that X% amount of net amount will be retained and the remaining will be transferred to retailers. How to handle this legally between us and the retailers: 1. Do we apply VAT? How do we transfer to retailers as we cannot invoice them? 2. Can we claim back the VAT as the initial retailers have paid VAT on products already? Thank you

Q: Dear Sir/Madam, I would like to complain regarding my online broker. Because of my online broker, I lost all of my money which was around 112000$ within 3 weeks in an online platform. Please advise If I can legally get back all of my money which I have lost because of that broker. Best Regards,

Q: I am a broker. The seller is threatening me. The buyer put an offer for a property. The buyer sent a cheque copy with the name of the seller, the seller asked to change it to his name since there were joint buyers, which I have sent to the seller, we didn’t sign any MOU. I never received any personal cheque copy from the buyer to date and when I informed the seller that they were not responding back to me, the seller threatened me and harassed me with  pre-suing legally against me. He is demanding 285k AED (which was 10% of the villa price) he wants the buyer / my company / me to pay that ASAP. What should I do? Can you suggest, please?

The provisions of this Law apply to the commercial companies established in the UAE and the foreign companies that have established in the UAE a base to conduct any activity therein or established a branch or representative office. The Law abrogates Federal Law No. (8) of 1984 Concerning Commercial Companies.

This Law applies to merchants, as well as to all acts of commerce carried out in the UAE by any person even though he be not a trader. Commercial matters regarding which specific Federal laws are issued shall be subject to the provisions of such laws, and to the provisions hereof which do not contradict with said laws.