Did you know this?
- joan0379
- 3 days ago
- 1 min read
A broker may share his remuneration with the following:
Lawyers and notaries, when done in the course of their functions. Examples of cases where the broker could share his remuneration with a lawyer acting in the course of his functions:
As part of his mandate concerning a divorce, a lawyer refers his client to the broker to enter into a Brokerage contract – Sale. The broker may share his remuneration with this lawyer.
A lawyer is mandated by a financial institution to undertake legal proceedings to repossess an immovable. As part of his mandate, the lawyer directs the institution to a real estate broker for the sale of the immovable. The broker may share his remuneration with this lawyer.
A notary recommends a broker for the sale of an immovable as part of an estate settlement, thus in the course of his functions.
In a residential transaction, a broker may not share his remuneration with:
a real estate developer who refers him a buying client to sell his/her existing home;
a debt consolidation company;
an unlicensed intermediary who is a party to a real estate brokerage contract for the lease of a residential immovable.
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