Second-hand house transaction failed This situation can only let the agent refund agency fee

The brokerage fee for a second-hand house transaction is generally 2 to 3 percent of the price of the house, and for a house worth 1 million yuan, the brokerage fee would be at least 20,000 yuan. This does not include fees charged by the agent in other names that do not count towards the contract. It can be seen that the brokerage fee is also in the housing transaction is not a small amount of expenditure. But in the actual transaction process, there are a lot of transactions failed, this time can be refunded brokerage fee?

What is the second-hand agent fee?

The housing agency is the service fee paid to the agency when the second-hand housing transaction through the housing agency, also known as intermediary commission. There is no uniform regulation on the charging of brokerage fee in the current market, but the standard charged by most of the intermediaries will fluctuate between 2% to 3.0%.

In the end, can the second-hand agent fee be refunded?

Here's an example to analyze:

Mrs. Wang in Beijing looked at a house through an intermediary company, signed a contract of sale and paid a deposit and brokerage fee. However, due to the problem of insufficient down payment, the house was eventually not bought. The company's main goal was to get the money back, but the agency refused to do so. After returning home, Ms. Wang more and more angry, "even if the deposit is not given back, the agency fee should be returned!" The company's main goal is to provide the best possible service to its customers," said Ms. Wang, adding that the company has not fulfilled its obligation to refund the brokerage fee.

But the agent clearly told the buyer, "It is written in the contract that if the transaction is not completed because of the buyer's reasons, the agent's fee is not refundable." In the agent's view, they have completed the introduction of the house, facilitating the transaction, fulfill the obligation of intermediary, intermediary fees should be charged.

Case study: In this case, Ms. Wang was not able to buy a house due to her own financial problems, but the agent's services have been completed on, so it is difficult to return the brokerage fee. If the buyer and seller sign a contract of sale, but the transaction cannot be completed because of the intermediary, the intermediary must return the full amount of the intermediary fee.

Disputes over brokerage fees are not uncommon in second-hand real estate transactions, and in order to avoid such disputes, we should complete the transaction as much as possible. In order to complete the transaction, it is important to verify as much as possible about the property rights, debts and mortgages. If you don't have enough money, don't sign the sale and purchase contract and pay the brokerage fee easily.

(The above answer was posted on 2017-01-04, please refer to the current relevant home buying policy)

Click to view more real estate information