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Rules of Practice 1994 (S.R. 1994, No. 229)
|Requested: 30 May 2017|
|Consolidated as at: 17 Mar 2006|
87. Negotiation fee
(1) A practitioner may charge a reasonable negotiation fee for a transaction in respect of a mortgage or bill of sale.
(2) A negotiation fee must not exceed one per cent of the consideration involved in the transaction.
(3) In determining a negotiation fee, a practitioner may take into account
(a) the work carried out by the practitioner; and
(b) the responsibility involved.