Sunday, September 21, 2008

Duty of Real Estate Broker

Insist real estate broker to do atleast the following before taking 2% of the transaction money !
1. Sign the agreement for sale as a witness with correct name, age, parentage, residential and business address. Confirm his/her identity with reference to public documents.
2. Also sign on the Deed of Sale and get photographed before the Sub-Registrar while getting the Deed of Sale or such other deed or documents registered.
Reason:
1. If ther is a fraud behind the deal or forgery in any documentation, you can hold the agent responsible and accountable in criminal proceedings before the court of law.
2. If the deal gets cancelled, you can get him examined as a witness in the court of law.

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