for subsales if using agent

first step is collected 2/3% deposit from buyer. money parked under real estate agency bank account. the buyer & seller jointly sign the booking form (& witness by agent) with condition that buyer need to get loan approved within XX working days. Agent will claim these 2/3% as their commission once S&P is signed later.

For sales without agent, no too sure. better find out from your lawyer.

This post has been edited by bcombat: Apr 6 2022, 05:11 PM