Protection for a broker's commission on the introductions it makes
Executed at Mohali on 1 April 2026.
1. The Client — Manpreet Singh Brar, son of Jaswant Singh Brar, resident of House No. 512, Sector 21-C, Chandigarh 160022, mobile +91 XXXXX XXXXX, email manpreet.brar@example.com ("the Client"), who is an owner wishing to sell or let property.
2. The Broker — Rajinder Kumar Bansal, trading as Bansal Property Consultants, of SCO 22, Phase 3B2, SAS Nagar (Mohali), Punjab 160059, mobile +91 XXXXX XXXXX, email rajinder@bansalproperty.in, holding real estate agent registration number PBRERA-SAS80-REA0123 ("the Broker").
A. The Broker is about to introduce to the Client the parties listed in the Schedule, in connection with property in Punjab.
B. The Client wishes to receive those introductions, and the Broker is willing to make them, on the terms of this letter.
1.1 The parties listed in the Schedule, and anyone acting for any of them, are "Introduced Parties". A party becomes an Introduced Party only by being listed in the Schedule, or by being added to it in writing signed by both of us.
2.1 Nothing in this letter prevents the Client from dealing with anyone, an Introduced Party included.
3.1 If, between 2 April 2026 and 3 April 2026 ("the Protection Period"), the Client enters into a transaction with an Introduced Party concerning the property in connection with which that party was introduced, the Broker's commission is payable as if the Broker had concluded the transaction, whether or not the Broker took any further part in it.
3.2 The commission is 1.5 per cent of the price or, for a letting, of one month's rent in that transaction, and it is earned on the signing of an agreement to sell or a tenancy agreement with an Introduced Party.
3.3 The commission is the Broker's agreed remuneration for the introduction. It is not a penalty, and it is not payable twice: if the Broker also acts in the transaction, only one commission is due.
3.4 Goods and services tax is payable on the commission in addition to it, and the Broker will issue a tax invoice for it.
4.1 If an Introduced Party approaches the Client directly during the Protection Period, the Client will tell the Broker in writing within 7 days.
4.2 The Client will not arrange a transaction with an Introduced Party through someone else — a relative, a company the Client controls, or another agent — in order to avoid clause 3. A transaction arranged in that way is treated as a transaction by the Client.