Real Estate Commission – A Corrupting Influence

Posted on May 1, 2007 by | 0 Comments

Peter Mericka B.A., LL.BAn EzineArticle by Peter Mericka. Corruption in the real estate industry is an on-going problem! Real estate commission is the way in which real estate agents are paid for the services they provide. They receive a percentage of the price received for the property. Effectively, the real estate agent requires the seller of a property (the vendor) to sign over to the real estate agent a part of the property being sold.

Another way of looking at it is to say that the real estate agent, through the wording of the listing contract, effectively has his name added to the title deed of the vendor’s property, so that the real estate agent becomes a part-owner of the property. When the property sells, the real estate agent receives a payment that represents his share in the vendor’s property.


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