Agreement And Commission In Lagos

Fashion designer Folayemi Alade, who earns $US 2,700 a year, has to pay about $US 2,000 for a full year in rent and commissions before the withdrawal. (Credit: Ayodele Johnson) An agent earns his fees through a commission, but it is a free trade negotiation. Nowhere in the Nigerien constitution is there any law on agency fees. The broker should also prove that the owner has authorized him to sell or rent the house. Before committing him initially to rent, a negotiable tax is not fixed. The bank pays 0.5% to the agent. As a rule, the agency fee for rental contracts is 10% of the rents. For example, if the property goes for N500,000 per year, the agency fee is 10% of N500,000, which is equivalent to N50,000 for one year, and if the agent collects 2 years of rent, the N50,000 x 2 years, which is N100,000…