A commission note It is a document in the real estate field that grants the real estate agency or agent the necessary powers to manage the marketing of a property, whether for sale or rental.
This document not only formally authorizes the real estate agency to carry out the operation, but is also mandatory, as established by the Law 18/2007 on the Right to HousingThis ensures that all transactions are carried out under a clear and protected legal framework.
The commission note plays a crucial role in formalizing the agreement between the property owner and the real estate agency, ensuring that both parties comply with their obligations. In the event of non-compliance by either party, this document serves as legal proof, allowing claims to be made and compliance with the agreement to be enforced.
TYPES OF ORDER NOTE
There are several types of commission note depending on the type of real estate service to be provided. Regardless of the type, there are certain data that must be included in the commission note for it to be valid:
- Identification of the property owner: Details of the owner who assigns the management of the property.
- Real estate agency or commercial agent: Detailed information about the agency or agent in charge.
- Description of the property: Property details, such as location, features and condition.
- Specify operation: Determine whether the transaction is a sale or rental.
- Price set between both parties: The agreed value for the transaction.
- Contract duration: Time during which the agency is authorized to operate.
- Real estate agency fees: Agreed compensation for the agency.
- Signature: Formal acceptance of the agreement by both parties.
Specific types of commission notes:
- Exclusive sales order note: This document exclusively authorizes a single real estate agency to sell the property, which generally includes greater dedication on the part of the agency, given that the operation is its exclusive responsibility.
- Non-exclusive sales order note: In this case, several agencies can manage the sale of the property. This option can be attractive for owners who want to maximize their sales opportunities.
- Rental order note: Although less common in exclusivity, this document authorizes the agency to manage the rental of the property, ensuring that all related legal and financial aspects are met.
The commission note It is a fundamental document that must be respected by all parties involved in the real estate transaction. In the event that any of the parties fail to comply with the established terms, legal sanctions are provided for, thus ensuring that the agreements are fulfilled in a fair and equitable manner.
If you have any questions about how to use a commission note or any other aspect related to the marketing of real estate, discover our real estate services through from our website either by filling out the contact form from our website.
