It sounds like you're in a situation where your agent helped you sell your flat but did not assist in finding a new home for you to purchase. Instead, you found a new flat on your own. You're questioning whether it's fair to pay the agent the full 1% commission for their services, considering they did not assist with finding your new home.
Here are some considerations:
Scope of Services: Typically, the commission paid to the agent is based on the services they provided. If the agent only facilitated the sale of your flat and did not assist in finding a new home, it may seem disproportionate to pay the full 1% commission for services not rendered.
Negotiation: It's reasonable to negotiate with your agent regarding the commission fee, especially if their role was limited to the sale transaction. You could propose a reduced commission rate that reflects the services provided, such as 0.25%, as you mentioned.
Agreement Terms: Review the terms of your agreement with the agent to understand the commission structure and any provisions related to the scope of services. If the agreement specifies a certain commission rate or if there are clauses regarding payment in the event of self-sourced properties, you may need to adhere to those terms.
Fairness: Consider what you believe is fair compensation for the services rendered by the agent. If you feel that the agent's contribution warrants a lower commission rate, communicate your concerns and negotiate a mutually acceptable arrangement.
Ultimately, transparency and open communication with your agent are key. Discuss your concerns and expectations regarding the commission fee, taking into account the agent's efforts and the services provided. By reaching a fair and reasonable agreement, you can ensure a positive outcome for both parties involved.
Agreement Details: The key factor is the written agreement you signed with the agent. This agreement should outline the commission rate and the conditions under which it's payable.
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