Spotlight on estate agents’ commissions

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Legal issues around commission accounts for Cornish estate agents will be top of the agenda at a business seminar being organised next week by south west firm Stephens Scown

The event, ‘Estate Agents’ Commission Accounts: The Good, The Bad and The Ugly’, will be held on Friday March 5 (8.45am-10.30am) at Kingsley Village, Fraddon and will be hosted by the legal firm, which has offices in Truro and St Austell.

Partner and corporate team leader in Cornwall, Tony Welford, will give an introduction before Alison Nicholls, residential property team leader gives an overview of the situation.

Stephens Scown partner and litigation and dispute resolution team leader, Philip Snell, will discuss some recent cases where commission accounts were badly drafted, the problems they can cause and how things have gone wrong as a result. Tony Welford will then lead a discussion about how good legal advice can help to put things right.

Welford commented: “The majority of estate agents’ commission accounts are paid without complaint, but the high rate of failure to achieve completion can create a variety of situations where payment of the commission becomes contentious. It’s at this point that estate agents will not want to discover flaws within the drafting of their commission accounts. Our seminar aims to bring local property agents up to date with recent case law and to provide practical help with avoiding problems.”