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Rules of Practice 1994 (S.R. 1994, No. 229)
Requested:  27 Apr 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.


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