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Foxtons loses court case
poppy10_2
Posts: 6,588 Forumite
The Court of Appeal has ruled estate agency Foxtons is not entitled to commission for a house sale despite having shown the buyer around it.
The buyer decided not to buy the house when he first saw it because it needed too much work doing to it.
But when he was later contacted by another estate agency, Hamptons, he changed his mind and bought it.
The judges ruled that Foxtons needed to have "introduced the purchaser to the purchase" and not just to the property.
The ruling could change the way that joint agency agreements work.
http://news.bbc.co.uk/1/hi/business/7423784.stm
The buyer decided not to buy the house when he first saw it because it needed too much work doing to it.
But when he was later contacted by another estate agency, Hamptons, he changed his mind and bought it.
The judges ruled that Foxtons needed to have "introduced the purchaser to the purchase" and not just to the property.
The ruling could change the way that joint agency agreements work.
http://news.bbc.co.uk/1/hi/business/7423784.stm
poppy10
0
Comments
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£20,000 commission, yowzers !!! That must be some serious value in property!!! Good article
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common sense rules!0
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Here is a link to the actual decision. The BBC are a bit slow about reporting this. We MSEers were talking about it weeks ago!0
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Ouch, 1.4M, thats some nice property!!! 0
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