REA fees


This topic contains 3 replies, has 2 voices, and was last updated by Profile photo of Melosine Melosine 11 months, 1 week ago.

  • Author
  • #187853
    Profile photo of Melosine

    The property friends are selling recently fell through but REA now insists that the remainder of his bill (he kept 10% of €15k) be paid because technically he had sold the house.
    Our friends independent legal advisor agrees.
    Also in contract clause stating buyer could reclaim deposit if obtaining mortgage was a problem.
    Wondering if anything in this scenario is actually legal.

    Would appreciate any help.

  • #187854
    Profile photo of Melosine

    Not sure if I made this clear
    Buyers gave 25% deposit to REA who passed all but 10% of it( as deposit towards his selling costs of €15k ).

  • #188001
    Profile photo of Mark Stücklin
    Mark Stücklin

    Hi Melosine,

    It all depends on the sales mandate contract between agent and vendor, and whatever contract the people wishing to buy signed. It’ll probably be legal if the parties signed up to these conditions. Sounds like a bit of a mess though

  • #188151
    Profile photo of Melosine

    Thx For reply Mark.

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