Legislation_en
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Article (23)<br />
A Real Estate Broker will forfeit his right to remuneration or to claim refund of exp<strong>en</strong>ses if<br />
he breaches his obligations to his cli<strong>en</strong>t by acting in the interest of the other party or by<br />
accepting a promise of a b<strong>en</strong>efit from the other party, where such actions are inconsist<strong>en</strong>t<br />
with good faith or the code of professional ethics.<br />
Article (24)<br />
If a number of Real Estate Brokers are <strong>en</strong>gaged to carry out one contract, they will be<br />
jointly liable unless they are authorised to work severally.<br />
Article (25)<br />
If a number of Persons <strong>en</strong>gage a single Real Estate Broker for the same transaction,<br />
they will be held jointly responsible for implem<strong>en</strong>ting the <strong>en</strong>gagem<strong>en</strong>t unless<br />
otherwise agreed.<br />
Chapter Four<br />
Real Estate Broker Remuneration<br />
Article (26)<br />
A Brokerage Agreem<strong>en</strong>t must be in writing and must state the names of the contracting<br />
parties, the specifications of the Real Property, and the brokerage terms. The Brokerage<br />
Agreem<strong>en</strong>t wil be <strong>en</strong>tered in the record of the Real Property Register .<br />
Article (27)<br />
The Real Estate Broker’s remuneration will be determined by agreem<strong>en</strong>t, and in abs<strong>en</strong>ce<br />
of agreem<strong>en</strong>t, remuneration will be determined according to prevailing practice.<br />
Article (28)<br />
1. A Real Estate Broker will be <strong>en</strong>titled to remuneration for his brokerage services only if<br />
146
Change language