The correct payment sequence works like this

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When buyers are interested, they pay a booking fee deposited into the agency’s client account. During this time, the booking fee remains in the client’s account. The agent only acts as a stakeholder and has yet to withdraw it as their commission. The agent then assists the buyer in securing a loan and connects them with a lawyer. If the buyer decides to cancel the purchase, the booking fee is forfeited.


The agent will release the funds, with half of it paid to you as cameroon whatsapp number database compensation. On the other hand, if the seller decides to cancel the sale, the agent refunds the money to the buyer. Only after you and the buyer sign the sales and purchase agreement can the agent withdraw the money from the client account and claim it as their commission. In short, you don’t need to pay the agent upfront.


The payment comes from the booking fee paid by the buyer. 5. Why Property Agent Fees Are Expensive? Real estate agent fees can be substantial. However, there are reasons why real estate agents’ commissions are high. When selling a house, agents have to carry out many steps: Check the current market price of the home. Visit the house to evaluate its condition. Provide advice to the seller.