Agent’s Commission

chelsiedoronila

Hi po, I am real estate agent. Question ko lang po is may makukuha parin po ba si Agent na commission if nag back out na po si buyer after almost a year po sya nag babayad thru bank transfer pero hindi pa rin po complete yung basic requirements like, proof of income, marriage certificate, ITR and PDC. Pero meron na po syang documents na signed contract from developer. Hindi pa po kasi lumalabas yung commission ko from the time na nakapag closed deal po ako, dahil po kulang pa po yung basic requirements nya.

CaaPacificRealty

I will posit two situations.

First, you are under a licensed broker and that you are accredited in PRC. If so, then you are entitled for a commission (which is stipulated in your agreement with your broker). The broker gets commission in tranches depending on the scheme by the Buyer. If you do not have a broker, but direct to the developer, then check your contract or agreement. An agent/broker is entitled for commission upon consummation of the sale/lease, not on the perfection of the sale/lease agreement. If there is none, this must be stipulated in your Authority to Lease/Sell Properties.

Second, if you are not under a licensed broker and not accredited in PRC. I'm afraid that you cannot ask or request for any fees or commission because you are not supposed to be practicing real estate services in general. Nevertheless, the contract or agreement will determine if you can claim for any compensation or commission.

Hope this helps.

Aya10

My agent got 1 month commission on a tenant he found, the tenant is now extending another year but during the renewal the agent is nowhere to be found so we did the renewal process ourselves but he then found out that the tenant extended and now he is asking for another 1 month commission is this right?

Lucybenoist

Aya10 oh my, i'm also in the same situation