At Patrick Chulu Legal Practitioners (PC | LP), a Lusaka, Zambia-based law firm specializing in Litigation, Dispute Resolution, and Insolvency Practice, we regularly address questions related to real estate disputes and agent commissions.
One of the key legal points property agents and real estate professionals should know is this:
*Court Ruling on Practicing Licenses for Real Estate Agents
The Courts have held that a Real Estate Agent who does not hold a valid practicing license cannot sue for unpaid commission. This means that if you are a real estate agent operating without the required license, the law does not recognize your right to claim commission payments through the courts.
This ruling underscores the importance of compliance with all legal and regulatory requirements before conducting real estate transactions in Zambia.
*Why a Practicing License is Essential
A practicing license serves as proof that an agent meets the legal and professional standards to operate in the industry. Without it, any agreements or claims for commission may be considered invalid in a court of law.
*How This Affects Real Estate Agents and Clients
Real Estate Agents: Ensure you have a valid practicing license before engaging in transactions. This protects your rights and ensures you can legally claim your commission.
Property Owners/Clients: Before hiring an agent, verify their license status to avoid legal disputes and potential financial losses.
*Seek Legal Advice
While this information highlights a critical legal issue, it does not constitute legal advice. Laws and regulations can be complex, and every case is unique.
For personalized legal assistance on real estate disputes, litigation, and dispute resolution in Zambia, contact Patrick Chulu Legal Practitioners today:
Phone: +260765637332, +260952491138
Email: info@pclplaw.com
Website: www.pclplaw.com
Our team of experienced lawyers is ready to help you navigate complex legal matters with confidence.