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How much land commission
Motomoto
#11 Posted : Monday, May 12, 2014 7:54:27 PM
Rank: Member

Joined: 11/18/2010
Posts: 503
Location: Kenya
maka wrote:
Between 2.5% to 3%...
why dint you agree before you sold.

Thanks. Maswali mingi wacha tu. He had told me something like that but just wanted to confirm.
Coolbull
#12 Posted : Monday, May 12, 2014 8:21:34 PM
Rank: Member

Joined: 10/23/2007
Posts: 604
Make sure the commission agreement is witnessed by a lawyer.
Brokers can be weird at times. After the sale they can convince you that you had agreed on a higher amount.

In fact, include the bank account to deposit/transfer the money to in the agreement. Don't pay in cash. They'll be no evidence you paid.

At times I broker plots but I know most brokers don't like some formality when it comes to making payment.

When receiving payment, I receive in any form but when paying out, either Mpesa for low amounts or bank transfer. I only take cash when just sitting on a fence and people come to make money-noise near me....as in, when am not a key player. Hiyo mimi hukula and fly away.


Anyway, to answer your question 2.5%-3% is good enough for a property worth 27M.
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