Posted by Stephen Welfare, Partner
10 Minute Topic: Estate Agent Fee Recovery
Land and buildings, whether domestic or commercial, continue to increase in value as demand outstrips supply. Sellers will naturally look to save money wherever they can and avoiding an agent’s fee is occasionally seen as one possibility. With the increase in the use of online marketing methods and low cost commissions and self-help, the hard working estate agent has never before been so under threat by competition and financial/economic pressures. Being able to recover his contractual fee in law and in practice must be of paramount importance.