Is there any law that will restrict the brokers asking huge brokerages while dealing Real Estates?
Guest (n/a) 09 April 2009
Is there any law that will restrict the brokers asking huge brokerages while dealing Real Estates?
Rasik Dagli (Lawyer) 09 April 2009
Dear Ishant,
There is no seperate law for the brokers. A broker is an agent of the person who engaged him for the work. Their relations are governed by the provisions of INDIAN CONTRACT ACT
RASIK DAGLI
Shree. ( Advocate.) 09 April 2009
M. PIRAVI PERUMAL (Advocate & Consumer Rights) 09 April 2009
I agree with Sree but I think there was earlier a proposal to regulate real estate and land brokerage.
Y V Vishweshwar Rao (Advocate ) 13 April 2009
It is a contract between the Prinicpal and Broker / agent to provide some services with the agreed Remuneration . The real Estate brokers field is not organized it requires to be organised udner any specific Scheme / law / Rules according to the local situations
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