Hi all,
My fiance & I both signed the OTP before the announcement that an agent cannot represent both seller & buyer.
We didn't know that it would have been a conflict of interest that the agent is representing the sellers also. There were alot of issues that he sided with the seller. So now the 2nd appointment is end of this month, and we are suppose to pay him 1% commission when the transaction has completed (change of names for PUB, etc).
So would "ALL AGENTS ARE PROHIBITED TO COLLECT COMMISSION FROM BOTH SELLERS AND BUYERS WEF 15/11/2010. THEY ARE ALLOWED ONLY TO REPRESENT THE BUYER OR SELLER , LANDLORD OR TENANT , NOT BOTH." apply to us? The OTP was signed late October.
Thanks for any help ^^