2006-06-27 06:16:48 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
New Jersey is very strict with their real estate laws. Commissions can only be collected by a licensed real estate agent. Technically an attorney who is a licensed real estate agent can accept a commission. If they are acting as a lawyer AND real estate agent on the same deal it might create a conflict of interests, by not representing their client's needs to the fullest. This might be a problem with the New Jersey Real Estate Commission.
2006-07-01 16:13:53 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Attorneys usually work on a "fee" or per hour. If you agreed on a "continguency" basis, % of sale, a contract would have to be in writing, but could be the case.
Were you informed of his fees to handle the sale? Is he attempting to collect a commission, over and above his stated fee?
2006-07-10 06:04:32 · answer #2 · answered by ed 7 · 0⤊ 0⤋
In california a Lawyer is not going to desire a lic. to promote a dwelling. As they determine he's sensible adequate to grasp the legislation. He is not going to paintings at the commonplace % commision. They paintings on a flat price or an hourly price.
2016-08-31 15:30:21 · answer #3 · answered by mcilwain 4 · 0⤊ 0⤋
i don't know about NJ, but here in SC, no they cannot, unless they have a real estate license. are you sure they are charging a commission? is it one of their personal properties or their primary residence? need a few more details please!
2006-06-27 09:29:36 · answer #4 · answered by thetoothfairyiscreepy 4 · 0⤊ 0⤋