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The Supreme Court confirmed that a broker had the right to a “consideration common locally” for services provided if no payment had been expressly agreed upon

07.10.2006

The Court found a broker having the right to receive consideration from the moment of entry into agreement or beginning of provision of services. If the fee for the brokerage services has not been agreed upon, the broker has the right to get the fee normally or commonly accepted in the region. If such local standards do not exist, the fee should be “reasonable.”

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