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ARTICLE · 16 SEPTEMBER 2020

Agent commission denied: difficulties with conjunction agreements

Ramsden Lawyers
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A lack of understanding when it comes to contract terms could cost real estate agents their agent commission.

AustraliaCorporate/Commercial Law
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The recent District Court of Queensland case of Equity 2 Pty Ltd v Best Price Real Estate Pty Ltd [2020] QDC 180 ('Best Price Real Estate') highlights that a lack of understanding when it comes to contract terms could cost real estate agents their agent commission.

Best Price Real Estate involved a dispute arising from a conjunction agreement made between the two parties. The agreement was in relation to an agent's entitlement to agent commission on the sale of a parcel of land. The Court held that where a buyer, who was not specified in the terms of the contract, purchases the land, the entitlement to commission will not be recognised.

WHAT IS A CONJUNCTION AGREEMENT FOR AGENT COMMISSION?

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