DUBAI---A real estate broker has lost the appeal case requesting the court to compel a company to pay him Dh2,925,198 as commission in return for selling 5,085 square feet of plots for the company.
The broker carried out the deals without obtaining his commission agreed with the appellant company, reported Emirates 24/7
He moved to the Court of Appeal, which also upheld the lower court’s judgement. So the real estate broker appealed before the Court of Cassation, which ruled to dismiss the appeal.
The Court of Cassation based its ruling on local Order No. 32 of 1987 of the ‘Organisation of work of real estate brokerage in buying, selling and renting real estate’.
The local order stipulates that the broker should obtain a licence issued from the licensing section at Dubai Municipality, before practicing real estate brokerage.
The local order also stipulates punishment of warning, or a fine not exceeding Dh5,000 or a ban between three months and not exceeding one year to brokers who practice without licence.
The court also confirmed that the rule is a public order, and violating it makes contracts invalid.Real estate brokerage firms require licences from the authorised department as stipulated by the Director of the municipality to function in the emirate.
EMIRATES 24 NEWS
