Does signature on a Memorandum of Understanding entitle the agent to a brokerage fee?
- Buying an apartment in Israel
- The real estate broker
The memory of things is a short document in which the parties determine the principles of the transaction.
In an apartment sale transaction, several tests determine whether the signing of The Memory of Things constitutes a ‘property transaction.’
This question will determine whether an agent is entitled to the brokerage fee.
There may be cases in which the parties’ signing on the memory of things will result in a charge in the brokerage fee.