Sangeeta Investment
(Bse – Nse – Fno – Mcx – Ncdx – Sx. Online & Offline Trading)
Real Estate Broker
875 sadashive Peth, Gangasagar Apt, Nr.Lajjat Hotel, Pune – 411030.
Tel.No. 020 – 24482815 – 24453123 – 32509870 – M – 9822064928
Email Add: anil_toshniwal2000@yahoo.co.in
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THE ESTATE AGENT ASSOCIATION OF PUNE
SCHEDULE OF RATE OF COMMISSION
(TO BE STRICTLY ENFORCED)
The Estate Agents Association of Pune has fixed the following uniform SCHEDULE of Commission for its members,
payable by their clients foe various transactions concluded by them.
1) SALE – PURCHASE
Where any immovable property is transferred or agreed to be transferred by way of sale or exchanged or whether by
way of admitting as a member or by way of admitting as a member or by way of transfer of shares in co-operative
Society or Company or other Association of person or by the way of any agreement or arrangement or in any other
manner whatsoever commission at the following rates on the total consideration amount (inclusive of loan amount)
and/or deferred payment, if any, shall be paid as under :
a) Where a member represents both the Buyer and the Seller, he is entitled to a commission charge @2% from
both the Buyer and also from the Seller.
b) In case of a member representing either a buyer or the seller commission at the rate of 2%shall be paid by the
party, for whom he or she is acting.
c) Where a member acts for the buyer acts seller commission at lump sum (which is settled or agreed before the
transaction either could be more or less than 2%) shall be paid by the party for whom the member acts.
Any transition of immovable property includes all transactions covered under definition given in section 269 U Chapter
XX-C of the Income Tax Act, 1961 and also under Transfer of property act, 1882.
In the event of transaction of immovable property whereby from no.37-I is summated to appropriate authority and the
appropriate authority decides to purchase/acquire the said immovable property under sec.269 U of chapter XX-C of
income tax act,1961the members (estate agency)are entitled to receive brokerage commission as on basis of their prior
arrangement/understanding/agreement with the seller/transferor .the member (estate agent) concerned for transferee
may recover/receive brokerage commission from appropriate authority being the purchaser/acquirer of the immovable
property of rights therein under section269 U of Income Tax Act ,1961.
The above commission at the aforesaid rates shall, unless otherwise agreed to be paid as under:
a) 75% of the commission has to be paid forthwith to the member at the time of payment of earnest money or
token amount whether simultaneously accompanied by execution of an agreement or deed of transfer or not by
way of non-refundable service charges and out of pocket expenses.
b) 25% to be paid on the completion of the transaction i.e., in case of any agreement for sale on the full purchase
price being paid and in any case of conveyance on or before execution of a conveyance.
Sangeeta Investment
(Bse – Nse – Fno – Mcx – Ncdx – Sx. Online & Offline Trading)
Real Estate Broker
875 sadashive Peth, Gangasagar Apt, Nr.Lajjat Hotel, Pune – 411030.
Tel.No. 020 – 24482815 – 24453123 – 32509870 – M – 9822064928
Email Add: anil_toshniwal2000@yahoo.co.in
_____________________________________________________________________________________
2) GOODWILL:
a) commission @6% on the total consideration of the property shall be due and payable to the
member by both the purchaser and the seller on the purchase price and sale price respectively of any premises,
where goodwill and/or consideration is payable.
b) Commission equivalent to two months compensation/rent shall be due and payable by the
licensee/lessee to the member on premises secured on leave and licensees basis for periods ranging from 11to
33 months, also in case of premises secured on lease for period ranging from 1 to 3 years.
3) A) LEASE OR LEAVE AND LICENCE:
Commission equivalent to two months compensation rent and 2% on deposit shall be due and payable by the
licensee/lessee to the member on premises secured on leave and licensee basis for period ranging from 11/12
months and 22/24 months thereafter addition amount equivalent to one month’s compensation/rent shall
become due and payable to the member from the lessee/licensee as commission for every additional renewal
period of 11/12 months or part thereof, as the case may be. The lesser or licensor shall be liable to pay one
month rent on the execution of lease or leave and license agreement but shall not be liable to pay on renewal.
B) DEPOSIT:
In the event of licensee/lessee depositing or advancing an amount equivalent to more than six months
rent/compensation to lesser/licensor, the former shall pay brokerage to two months’ rent compensation and in
addition, two percent on such total deposit or advance amount.
Similarly lesser/licensor shall pay brokerage equivalent to one month rent/compensation and one percent on
deposit or advance amount.
C) PAYING GUESTS:
Commission equivalent to two months compensation shall be payable by paying guests to the member.
D) OUT OF THE MUNCIPAL LIMITS:
Commission @ 5% shall be due and payable to the member on the purchase/sale of properties beyond the
municipal limits of a town/city by each of the purchaser and seller on the total consideration of the transaction,
subject to minimum commission of Rs 5,000/-.
5) MANAGEMENT OF PROPERTIES:
Commission @ 5% shall become due and payable to the member on the total amount collected as
rent/compensation in respect of properties managed by the members. For additional services rendered extra
fees shall be due and payable to the member as may be mutually agreed upon.
All commission shall become payable to the member by the purchaser/seller/licensee as the case may be at the
time of execution of the agreement and/or at the time of handing over or taking over the possession of the
accommodation/premises whichever is earlier.
Commission brokerage/agency fees/services charges/terminal charges under any name paid to the member for
service rendered SHALL NOT BE REFUNDABLE UNDER ANY CURCUMSTANCES.
Sangeeta Investment
(Bse – Nse – Fno – Mcx – Ncdx – Sx. Online & Offline Trading)
Real Estate Broker
875 sadashive Peth, Gangasagar Apt, Nr.Lajjat Hotel, Pune – 411030.
Tel.No. 020 – 24482815 – 24453123 – 32509870 – M – 9822064928
Email Add: anil_toshniwal2000@yahoo.co.in
_____________________________________________________________________________________