Introduction
Brokerage agreements are governed by Articles 520-525 of the
Turkish Code of Obligations ("Code"). Brokerage
agreements are the agreements where a broker prepares an
environment to enable the parties to reach an agreement, and
undertakes to be the intermediary for the execution of an
agreement, and qualifies for a fee after the execution of such
agreement. Real estate brokers, employment offices, exchange
brokers, financial brokers (eg: persons connecting the seller of a
company and buyers) are what constitutes brokers.
Brokerage
Persons who are considered as brokers provide an opportunity to
parties to reach an agreement and acts as intermediates between
those persons who are to execute an agreement, and/or directs and
leads the negotiations of this agreement.
