ᐅ Found a condominium ownership unit, notary appointment probably not before 2021. Real estate agent fee?

Created on: 19 Nov 2020 14:10
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thesit27
T
thesit27
19 Nov 2020 14:10
Hello,

we have the opportunity to buy 2 condominiums in a 10-unit residential building. We have already viewed the properties.
The apartments are being sold through a real estate agent (about 6% commission). Now my question:
If we agree on a purchase price with the seller but the notary appointment is only scheduled for 2021, would the seller have to pay half of the agent’s commission?
Should we take our time with this?

Regards
Y
ypg
19 Nov 2020 14:21
thesit27 schrieb:

Would the seller then have to pay half of the real estate agent fees?
That depends on the contract between the seller and the real estate agent, which we do not know.
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thesit27
19 Nov 2020 14:28
The property has been listed with the real estate agent on the portal since November 2020.
The description states a broker commission of 5.95%.

Now the law has been passed that from 2021 onwards the broker commission is to be shared. Or does this only apply to properties listed on the agent’s portal from 2021?
I am not sure whether the relevant date is the listing date or the notary appointment.
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thesit27
19 Nov 2020 14:40
Edit: The apartments are currently rented out. We also intend to rent them and not use them ourselves. Perhaps this is also an important factor.
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hampshire
19 Nov 2020 14:41
If you have agreed on this with the seller – fine.
Otherwise, it sounds like trickery and "gotcha," because the seller is being deceived like that. Would you like to be treated that way yourself?
I really don’t like that.
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thesit27
19 Nov 2020 14:46
Well, I don’t want to take advantage of anyone, but you have to know and understand your rights, don’t you?

1. I have never met the seller.
2. I only found out about that information today... I will definitely discuss it with the real estate agent, but I wanted to have the facts first and not just throw around some laws.
3. Why should I just give someone $5,000 if I am not required to?