Tag Archive for: Payment

Brokerage as commission of the broker

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Brokerage – An amount of money that a real estate agent or real estate company receives when a purchase, rental or lease agreement is successfully brokered. In real estate, these amounts are set by law and are based on the purchase price of a property or the set monthly rent for the particular rental property. […]

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Change of encumbrance in connection with the property

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Change of encumbrance – When a purchaser buys a property, not only does the benefit of the property pass to him, but also the encumbrances. The encumbrances include all outstanding payment obligations related to the property. These encumbrances can come about privately or under public law. A public burden refers, among other things, to the […]

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