Asked by Syed
Hi, I'm Syed. My wife has bought an apartment in Kajang and it has been a liability to us for some time. We have engaged an agent to sell the property and he managed to get a buyer. The agent informed that he has engaged other agents and he heed to pay them as well and total commission comes to about 9%. Though the fees at high side, we have agreed since we badly need to sell the property. FYI, we have never met or deal with the third agent till todate. We are currently at the S&P agreement signing stage. However, we noted that together with the agreement, there was a side letter indicating release of the agency fees (90%) upon signing of the agreement. We have also noted that a clause in the S&P which says that in the event the contract cant be executed for whatsoever reason, then deposit paid by buyer needs to be fully reimbursed. Our concern now is that in the event if the contract don't get executed, how do I get the fees paid to the unknown agents to returned for reimbursement?
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