Nov 24 2020, 09:24 AM
QUOTE(cintamani83 @ Nov 24 2020, 08:13 AM)
Hi lowyatt members, is there anyone that have encounter this issue or can advice me on this matter?
Backstory:
I have recently sold my property and appointed a conveyancing lawyer (basically property agent's lawyer) to do the transfer to buyer.
I remember during the discussion, the lawyer provide me a form to fill indicating when to pay the agent fee/commission and there were 2 choices i.e. during the buyer's fulfillment of paying 10% of the sale amount OR during the bank's release of the balance sale amount of 90%. I selected to pay the agent after receiving the 90% sum.
In addition, during the signing of S&P at lawyer's office, I've notice the seller/vendor's address was my old address and inform the lawyer to change to new address.
Event that took place:
When the S&P was stamp and a softcopy was sent to me on October, I've noticed the vendor's address remains the old address.
While yesterday, when received the initial 10% from buyer, the lawyer also have deducted the agent fee.
My question is whether the solicitor can do whatever they like without informing me (the client) or do as they see fit and beneficial to the agent? Or is it a standard thingy?
There are some other minor issues such as not answering queries but is not as bad as the ones above.
If there is a problem here, where can I bring this matter to? To me is the matter of principle.
thank you for advice.
Your agent's fee payment is as per booking form or agency appointment letter. The lawyer CANNOT determine when to pay agent's fee. Is between you and the agent.Backstory:
I have recently sold my property and appointed a conveyancing lawyer (basically property agent's lawyer) to do the transfer to buyer.
I remember during the discussion, the lawyer provide me a form to fill indicating when to pay the agent fee/commission and there were 2 choices i.e. during the buyer's fulfillment of paying 10% of the sale amount OR during the bank's release of the balance sale amount of 90%. I selected to pay the agent after receiving the 90% sum.
In addition, during the signing of S&P at lawyer's office, I've notice the seller/vendor's address was my old address and inform the lawyer to change to new address.
Event that took place:
When the S&P was stamp and a softcopy was sent to me on October, I've noticed the vendor's address remains the old address.
While yesterday, when received the initial 10% from buyer, the lawyer also have deducted the agent fee.
My question is whether the solicitor can do whatever they like without informing me (the client) or do as they see fit and beneficial to the agent? Or is it a standard thingy?
There are some other minor issues such as not answering queries but is not as bad as the ones above.
If there is a problem here, where can I bring this matter to? To me is the matter of principle.
thank you for advice.
As for the address, is non issue. BTW you should insist is change b4 you sign the SnP.
This post has been edited by mini orchard: Nov 24 2020, 09:27 AM
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