It should be read even before the first viewing and remains important in the reservation, negotiation and transaction. An exclusivity or long term clause can bind the buyer even after finding a property on their own or switching agents.
It is signed by the client and the intermediary or its duly authorized representative. Check the exact company, UIC, registered office, address and whether the person receiving payment is the contractual party.
Commission is often a significant expense and can be claimed at various events - viewing, reservation, preliminary contract or final transaction. The buyer should know which services the fee covers and what is not included.
What the document proves
What can you establish from it?
Each document answers a different question. A single document is rarely enough to prove title, completed construction work and the basis for payment at the same time.
What does it establish?
Establishes the assigned actions, term, remuneration, terms of payment, exclusivity and other assumed obligations. The inspection protocol can link a specific property to the agreed commission.
What does it not establish?
Does not prove seller's ownership, accuracy of offer, absence of encumbrances or independent due diligence performed. The payment of the commission does not mean that the transaction is certain or that the broker is acting as an attorney or appraiser.
What to look for in the document
Which details should you compare?
Check company and representative, specific services, term and termination, exclusivity, amount and VAT, exact trigger for the fee, properties viewed, dealings with the other party, reimbursement of expenses and penalties.
What comes before and after?
Before signing, clarify whose interests the intermediary represents and what services they will provide. After each viewing, keep a copy of the signed agreement, and before reservation, separate the broker's commission from the amount to the seller.
Where the document comes from
Finding and checking it
Mesto does not retrieve or analyze brokerage agreements or viewing records. Public property data alone cannot show whether you owe a commission.
Ask in advance for the contract, the general conditions, the tariff and a copy of each protocol you sign. Check the company and the representative in the Commercial Register when the intermediary is a company.
When do you need a professional review?
A lawyer is useful in cases of exclusivity, high penalties, an unclear commission liability condition, work for both parties, or an attempt to make the inspection report a substitute for a detailed agreement.
Before you continue
Check these details
Use this list to prepare for a conversation with the seller or a specialist you trust.
- 01
Find out which party the intermediary represents and what services they undertake to provide.
- 02
Read when exactly the commission occurs and whether it includes VAT.
- 03
Check Term, Exclusivity, Termination and Penalties.
- 04
Do not sign an inspection report without reading its contractual clauses.