Date of entitlement to commission

Question: Rltr. John, I have a question about my uncle was an old-time licensed real estate broker in PH. Is he entitled to the commission of a sale transaction that he previously worked on prior to the expiration of his license?

Answer: YES. His date of entitlement is the date he introduced the customer (buyer) to the client (seller or owner). If he was a licensed Broker during that date of entitlement, then he is fully entitled to the commission even if he is no longer a licensed broker at the time the transaction is completed.

If there is anything else important that I forgot to include in this article, or if you experienced a real estate transaction that is anomalous, scam, fraudulent scheme that you want me to document and expose for others to be warned, or if you want to donate to the war chest of real estate consumer rights advocacy, please feel free to email me at JohnPetalcorin@Gmail.Com. If you want to comment about this article, there is a provision for this purpose that you can find below.
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Amado Paulo Beltran said...

Thank you for sharing your thoughts! this is really an informative blog to understand Date of entitlement to commission. This things should be explain also on the blogs of free real estate site.

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