November 2011: Double Commission Danger!
"Double, Double Toil and Trouble" (Shakespeare)
Particularly in these challenging times, properties are often marketed by multiple estate agents before a successful sale is finally achieved.
The resultant risks (for all concerned) are illustrated in a case recently before the Supreme Court of Appeal. The sellers in question have ended up having to pay double commission, and are down some R450.000 plus legal costs - a situation, held the Court, entirely of their own making.
Particularly in these challenging times, properties are often marketed by multiple estate agents before a successful sale is finally achieved.
The resultant risks (for all concerned) are illustrated in a case recently before the Supreme Court of Appeal. The sellers in question have ended up having to pay double commission, and are down some R450.000 plus legal costs - a situation, held the Court, entirely of their own making.