Does signature on a Memorandum of Understanding entitle the agent to a brokerage fee?
- Buying an apartment in Israel
- The real estate broker
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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’.
The answer to this question will determine whether an agent is entitled to the brokerage fee.
There may be cases in which the signing of the parties on the memory of things will result in a charge in the brokerage fee.
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Apartments in Israel
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Average price for a 4 room apartment in Tel Aviv
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Rise in the price index of input in residential construction from the year 1956 to 2021