commission on sales meaning - MARKETS
Is the broker eligible to take commission from the buyer of a property? 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.
Understanding the Context
The developer has appointed an agent/broker from their side to handle the process. Dear Questioner, Receiving a significant commission from a fuel deal into a personal bank account is a high-risk activity in the UAE. It is not a crime to receive a commission, but it is a regulatory violation to use a personal account for business activities. If you proceed, you must have a "paper trail" ready before the money arrives.
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Key Insights
Can I legally receive fuel deal commission in my personal UAE bank ... A commission agreement between broker and seller was drafted and signed by the two parties in Dubai. The agreement states that the seller shall pay the broker a certain amount of commission after the sale transaction is done. How can the broker guarantee his right 100% in case the seller doesn’t pay? Shall the broker register the agreement with the notary public or the Ministry of Economy ...
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Is the broker eligible to take commission from the buyer of a property ... Dear Questioner, Secure any copies of contracts you signed with any HR managers, even if deemed invalid by the current manager. Review them and look for specific details like commission rates and termination clauses. If you suspect that the company is unnecessarily holding the amount, you can escalate the matter to MOHRE. If you need our assistance to review the same, please share your ... A broker suspects non-payment by the company.
How to secure commissions ... I am working as a broker between the trade happening in other countries, e.g. a trade happening between Spain and India. Can I legally receive a commission for these trade operations in the UAE?