Real estate Transactions now come with the assurance of fixed fare, reasonable commission and transparency.  Bangalore Reators Association - India makes this possible through a common code of conduct and shared commitment.  To standardize business practices. To improve professional standards and services while ensuring high ethical standards. Even a special Cell to resolve disputes has been set up. In short, a better deal for everyone.

FIXED COMMISSIONS ON REAL ESTATE TRANSACTIONS

SALE TRANSACTIONS

City limits - Residential/Commercial

2% from seller, 1% from buyer

Outside city limits

3% from seller, 1% from buyer

Sale of Industrial land/building and agricultural land

4% from seller, 2% from buyer

JOINT DEVELOPMENT

2% commission from the developer/owner on their respective super built up share

GOODWILL/PAGADI

2% commission and one month rent on either side.

RENTAL TRANSACTIONS

Residential/Commercial/Industrial

On Rental

1 month rental form both parties

On renewal of lease

15 days commission for any renewal of lease from the Leassor and lessee or the approaching party.

TEMPORARY RENTAL ACCOMMODATION

Upto 3 months

1/4 month's rent as commission from both parties

Upto 6 months

1/2 month's rent as commission from both parties

Any lease beyond 6 months

1 month's rent as commission from both parties

Rental deposit exceeding 15 months

2% commission from both parties