Things to Look for in a Real Estate Agent in the UAE
- July 5, 2021
- Comments Off on Things to Look for in a Real Estate Agent in the UAE
A real estate agent’s sole aim is to bring the buyer and seller together and to finalize the deal to earn the requisite commission on such a transaction. There are a lot of contemplations and conditions that will impact your decision. The advocates in Dubai are proficient in handling all the property matters including disputes.
Factor to Look for in a Real Estate Agent
Below are some qualities to look for in a real estate agent before hiring one in the UAE.
The first and foremost consideration under the law is that every real-estate broker shall possess a relevant license issued by RERA. It additionally set out the kinds of permit categories and prerequisites to be fulfilled by the applicant. These are to be completed by the person applying for a license to operate as a real estate agent.
· Payment of Commission
Under the provisions of the real-estate agent law, the commission shall be paid in line with the terms and conditions of the brokerage agreement. Importantly, if the negotiations between the seller and buyer do not result in a sale, the broker is not entitled to receive any commission. The advocates in Dubai are the best choice for such property matters as they have immense knowledge regarding this field.
· Registration of the Agreement
The first and foremost consideration under the law is that every real estate broker shall possess a relevant license issued by RERA. The real estate agent shall seek the signature of the client on the brokerage agreement in consonance with the Dubai Land Department (DLD) standard contract. Then they are supposed to register the same with DLD.
Hence, if you want to hire a real estate agent in the UAE, it is advised to keep in mind the factors mentioned above. The advocates in Dubai are available all over the UAE for your assistance, including Sharjah, Ajman, and Fujairah.