Terms of use

General terms of business

NEKRETNINE RADMAN D.O.O.
SPLIT   I. GUNDULIĆA 26/I
MB. 2618940


Article 1.

The general terms of business define the business relationship between Nekretnine RADMAN d.o.o. and a physical person or legal entity (hereforth referred to as the employer) that draws up a brokerage contract with Nekretnine RADMAN d.o.o. Nekretnine RADMAN d.o.o. is a licensed company and qualified real estate broker registered with the Croatian Chamber of Commerce.

BROKERAGE FOR THE SELLER

Article 2.

When the seller gives permission to Nekretnine RADMAN d.o.o. to act as the broker of his real estate Nekretnine RADMAN d.o.o. will draw up a contract of brokerage with the seller. According to the real estate brokerage contract Nekretnine RADMAN d.o.o. is obliged to conduct the following for the seller (employer):

  1. Find and introduce a person to whom to sell
  2. Familiarize the employer with the average market value of similar real estate
  3. Review the documents that prove ownership or some other real rights to the real estate in question and caution the employer about:

-obvious drawbacks and possible risks involved with undefined real estate ownership papers of the real estate in question

-legal ramifications of not fulfilling obligations toward the third party

-absence of building and usage licenses in accordance with the special law

-circumstances of obligation to use the rights to buy it first and property limits in accordance with special laws

  1. Conduct the necessary work in order to place (present) the real estate on the market, advertise the real estate properly and conduct all other work agreed upon in the brokerage contract of sale, including presentation that exceeds normal advertising, which can include special expenses that are declared ahead of time
  2. Allow examination of the real estate
  3. Mediate during negotiations and strive for closure
  4. If the subject of the contract is land, verify the intent of the land in question in accordance with zoning laws that refer to that land
  5. Drafting of a memorandum and a contract of sale

THE SELLER'S BROKERAGE FEE

For the service of real estate brokerage Nekretnine RADMAN d.o.o. will charge the seller a fee in the amount of 2% + VAT of the sale price agreed upon for real estate in the County of Split-Dalmatia. A fee of 3% + VAT will be charged for real estate outside the County of Split-Dalmatia, including real estate on the Dalmatian islands. Nekretnine RADMAN d.o.o. has the right to also charge the buyer with a brokerage fee (commission), whereby a brokerage contract will be drawn up with the buyer.

Nekretnine RADMAN d.o.o. holds the right to change the brokerage fee, which is exactly defined in the brokerage contract. The total fee cannot exceed 6% of the sale price of the real estate.

BROKERAGE FOR THE BUYER

Article 3.

When the buyer orders Nekretnine RADMAN d.o.o. to act as the broker of the real estate sale and the Nekretnine RADMAN d.o.o. agent introduces him to the seller of that same real estate, a brokerage contract is signed with the buyer.

According to the brokerage contract for real estate Nekretnine RADMAN d.o.o. is obliged to carry out the following for the buyer (employer):

  1. Present the buyer with evidence of ownership of the real estate in question
  2. Draft a memorandum and a contract of sale of the real estate
  3. Organize the authentication of signatures on the memorandum and the contract of sale of the real estate at a public notary
  4. In case the sale price is partially or completely paid by a bank loan, the Nekretnine RADMAN d.o.o. agent will be present at the solemnization of the contract of the loan at a public notary, upon which a proposal to register the loan is taken to the Land Register Department of an authorized court in order to register the loan
  5. After the loan is registered, the buyer is sent a writ and an extraction from the land register with the registered loan
  6. Attend the closing of the sale and transfer of the real estate during which the transfer is recorded
  7. Familiarize the buyer with the legal obligation to pay taxes on real estate or with the conditions for tax exemption on the sale of real estate

THE BUYER'S BROKERAGE FEE

When real estate is bought Nekretnine RADMAN d.o.o. charges the buyer a commission of 2% + VAT of the price agreed upon of real estate in the County of Split-Dalmatia and a commission of 3% + VAT for real estate outside the County of Split-Dalmatia, including the islands of Central Dalmatia. Nekretnine RADMAN d.o.o. also has the right to charge the seller a brokerage fee (commission), whereby a brokerage contract will be drawn up with the seller. Nekretnine RADMAN d.o.o. has the right to change the brokerage fee, which is exactly determined by the brokerage contract. The total fee cannot exceed 6% of the sale price of the real estate.

BROKERAGE FOR THE RENTOR/LESSOR AND RENTEE/LESSEE

Article 4.

When the lessor orders Nekretnine RADMAN d.o.o. to broker the renting or leasing of his real estate, a brokerage contract will be drawn up. Nekretnine RADMAN d.o.o. is obliged to verify ownership of the real estate in question, to carry out the presentation of the real estate in question, to negotiate the agreement to rent or lease the real estate in question and to be present at the transfer of the real estate, upon which a record of transfer shall be made.


THE RENTOR/LESSOR'S AND RENTEE/LESSEE'S BROKERAGE FEE

Minimal fee: 75% of the monthly rent/lease plus VAT

Fee for rent or lease from 1-5 years: 100% of the monthly rent/lease plus VAT

Fee for rent or lease 5 years or more: 150% of the monthly rent/lease plus VAT

Nekretnine RADMAN d.o.o. has the right to charge the rentor/lessor and rentee/lessee a brokerage fee (commission), which will be defined in the brokerage contract. The fee is determined by the brokerage contract.


Split, March 15, 2010