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Real Estate Brokerage Fees: A Comprehensive Overview
The Brokerage Law and Regulations came into effect in April 1996. While the law aims to regulate the brokerage industry, many perceive it as an unregulated market operating under its own set of rules.
The primary source of contention within this industry centers on brokerage fees. Clients often dispute the broker’s entitlement to fees, asserting inadequate service or breach of fiduciary duty.