REA fees

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This topic contains 3 replies, has 2 voices, and was last updated by  Melosine 3 years, 1 month ago.

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  • October 25, 2015 at 5:01 pm #187853

    Melosine
    Participant

    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.

  • October 25, 2015 at 5:16 pm #187854

    Melosine
    Participant

    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 ).

  • November 5, 2015 at 11:55 am #188001

    Mark Stücklin
    Keymaster

    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

  • November 12, 2015 at 8:32 pm #188151

    Melosine
    Participant

    Thx For reply Mark.

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