::: Brouks Real Estate- Leading Property Developers in UAE :::

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Terms & Conditions SPECIFICALLY AGREED TERMS BETWEEN THE PARTIES 1. The second party is not allowed to collect the payment in any form on behalf of the first party. 2. The second party may introduce its prospects / customers to the First party by notifying the First party in advance by fax, e-mail or by phone. Once an introduction is made, sale commission on the basis specified by first party would be payable to the second party upon the subsequent sale of the property units to any of the buyers introduced by the Second party to the first party. 3. In case of any conflict of interest about the right of getting the commission between the second party and the other party, the first party has the right to resolve this conflict and his decision will be considered the final. 4. When the sale agreement is realized between the first party and the buyer introduced by the second party, the second party would be eligible for the sales commission [hereinafter referred to as the “commission”] of All Projects: 3% Three Percent 5. The commission due to the agent would be payable by the developer within 14 days (Fourteen days) of receipt of the 10% booking amount, upon completion of the sales agreement, and upon submitting the commission invoice. 6. Incase the buyer fails to pay the first installment in full, no commission would be payable to the agent in terms of clause & above. 7. The agent is aware that the developer has engaged the services of other sales agents also. Therefore, the agent shall not be eligible to the commission under clause 3 above if the prospective buyer has already been in direct contact with the developer or been introduce by any other sales agent. – Whether in the employment of the developer or otherwise. 8. The agent shall submit a client registration form on or before the prospective buyer visits the site/sales office of the developer and submit the same to the designated staff member of the developer to keep a record of all prospective buyers introduced by the agent. 9. The agent shall submit a client registration form or before the prospective buyer giving any commitment to the prospective buyer. Upon confirmation of the sale by the buyer, the agent shall forward the apartment reservation form duly signed by the buyer along with the Cheque for initial deposit as required by the developer from time to time for formal acceptance and allocation of the identified apartment to the buyer. The agent would also co-ordinate completion of the sale agreement and collection of all required documents form the buyer. 10. The agent has assured the developer that: • None of the employees of the developer is a relative or partner of the agent. • The agent shall inform the developer in writing as and when any employee of Brouks Real Estate becomes a relative or partner of the agent. • The agent shall neither offer any type of inducement [monetary or non-monetary] nor shall share any part of its commission with any employee of the developer. 11. The agent would not be entitled for any other remuneration or reimbursement of expenses, if any, incurred by him for performing its function under this agreement. 12. The agent would not release any advertisement or conduct any publicity campaign without taking prior written consent of the developer. 13. The agreement shall be operative for a period of 12 months from the date hereof for the current as well as future projects of the developer, unless terminated by any party along with a 7 [seven] day written notice. 14. Both parties agree that they would maintain utmost confidentiality about the terms of this agreement unless disclosure is required by law and/or any competent authority having jurisdiction to call for such information. 15. In the event of this agreement is executed in a bilingual form and if any inconsistency is found between the two versions, the English version of the agreement would prevail. 16. Any dispute or disagreement between the developer and the agent on any provision of this agreement shall be mutually resolved. Inability to mutually resolve the dispute by the developer and the agent, the dispute shall be referred to a mutually agreed arbitrator proceedings shall be undertaken in Dubai under the relevant guidelines of the Dubai Chamber of Commerce. 17. This agreement shall be subject to the laws of U.A.E and the Courts in Dubai would have an exclusive jurisdiction to decide any matter relation to this agreement. This agreement super cedes all previous agency agreement, if any, between the developer and the Agent.
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