GENERAL TERMS AND CONDITIONS

ADV ROYAL CONSULTING
Real Estate Agency
Svetozara Markovića 79, Belgrade
Phone: 066 234 363
E-mail: info@advroyal.com | info@adv-royal-consulting.com
Number in the Brokerage Register: 128

I GENERAL PROVISIONS

Article 1.
These General Terms and Conditions (hereinafter: General Terms and Conditions), in accordance with the Law on Brokerage in the Sale and Lease of Real Estate (“Official Gazette of the Republic of Serbia”), regulate the rights and obligations between ADV ROYAL CONSULTING, the Real Estate Agency (hereinafter: Broker) and the Principal (natural or legal person – hereinafter: Principal).
By concluding the Brokerage Agreement, the Principal confirms that he is familiar with the content of these General Terms and Conditions, that he fully understands and accepts them, and that they are an integral part of the Brokerage Agreement.

Article 2.
Intermediation in the sale or lease of real estate is carried out exclusively based on a concluded Mediation Agreement in written or electronic form between the Mediator and the Principal.
The Principal may simultaneously have concluded mediation agreements with multiple mediators, except in the case where an Exclusive Mediation Agreement has been concluded.

Article 3.
The Buyer or Tenant, in the capacity of the Principal, is obliged to pay the mediation fee to the Mediator who first enabled him to view the subject real estate, or who first introduced him to the subject real estate.
If the Buyer/Tenant has previously viewed the subject real estate (independently or through another mediator), he is obliged to promptly notify the Mediator of this, to avoid duplication of viewings and possible disputes.
If the Buyer/Tenant does not notify the Mediator of the previous viewing, it will be considered that he viewed the subject real estate for the first time through the Mediator.
The Buyer/Lessee is obliged to sign the Real Estate Viewing Certificate before viewing the property. In the event of refusal to sign, the Broker is not obliged to enable the viewing.
If the viewing is nevertheless carried out and the legal transaction is concluded, the existence of mediation is proven by all legally permitted means of evidence (witnesses, electronic communication, messages, etc.).

Article 4.
The Seller, or lessor in the capacity of the Principal, is obliged to pay the mediation fee to the Mediator who first brought him into contact with the potential buyer or tenant.
If the Principal does not inform the Mediator that he has already been in contact with a certain person, it will be considered that the connection was established through the Mediator.

II OBLIGATIONS OF THE MEDIATOR, RIGHTS OF THE MEDIATOR, AND EXCLUSIVE MEDIATION

Article 5. (Obligations of the Mediator)
The Mediator is obliged to:
conclude a Mediation Agreement in the prescribed form;
seeks to find and connect the Principal with a potential contractual partner;
provides an objective opinion on the market value of the real estate;
inspects the documentation on the ownership rights and warns the Principal of possible risks; presents the real estate on the market;
enables viewing of the real estate;
keeps personal data and business secrets;
informs the Principal of all relevant circumstances;
mediates in negotiations;
attends the conclusion of the Preliminary Agreement and the Agreement;
attends the handover of the real estate;
provides professional legal support (lawyer) at its own expense;
keeps the prescribed records and forms in accordance with applicable regulations.

Article 6.
The Intermediary is considered to have enabled the connection between the Principal and a third party, in particular if it:
organized a viewing;
organized a meeting;
provided contact details or the exact location of the real estate.

Article 7. (Rights of the Broker)
The Broker has the right, with the consent of the Principal, to photograph and record the real estate for presentation and advertising.

Article 8.
The Broker has the right to conclude a sub-brokerage agreement with the prior consent of the Principal.

Article 9.
The Broker has the right to issue an invoice for the services performed in accordance with the Agreement and the Price List.

Article 10. (Exclusive Brokerage)
By concluding an exclusive brokerage agreement, the Principal undertakes not to engage another broker or independently conclude a legal transaction.

In the event of a breach of this obligation, the Principal is obliged to pay the Broker the agreed brokerage fee.

III BROKERAGE FEE

Article 11.
The Principal undertakes to pay the Broker the agreed brokerage fee in the event of the transaction being completed, as well as in cases prescribed by these General Terms and Conditions.

Article 12.
The right to a brokerage fee is acquired by concluding a Contract or Preliminary Contract, in accordance with the Brokerage Agreement.
The amount and method of calculating the brokerage fee are regulated by the Price List, which is an integral part of these General Terms and Conditions.

Article 13.
The costs of obtaining documentation shall be borne by the Principal, unless otherwise agreed.

Article 14.
The right to a brokerage fee also exists when a legal transaction is concluded by related parties of the Buyer/Lessee.

Article 15.
If a legal transaction is concluded within 30 days after the termination of the contract, and as a result of
The brokerage, the Broker is entitled to full or proportional compensation.

Article 16.
The Broker is not entitled to compensation if he concludes the contract himself as contracting party.

Article 17.
The right to a brokerage fee may exist even after the expiration of the contract, for a period of up to 18 months, if so provided for in the Brokerage Contract.

Article 18.
The paid brokerage fee is not refundable, unless otherwise agreed.

IV LIABILITY

Article 19.
The broker acts with the care of a good businessman and is liable for damage caused by failure to fulfill his obligations, but is not liable for the fulfillment of the obligations of the contracting parties or for hidden defects of the real estate, unless he knew about them and concealed them.

V TERMINATION OF THE CONTRACT

Article 20.
The brokerage contract is concluded for the period specified in the contract, and unless otherwise specified, for a period of one year.

Article 21.
The contract is terminated by the conclusion of a legal transaction, the expiration of the term, or the termination of the Principal in written or electronic form.

Article 22.
The termination does not have to be justified and takes legal effect on the date of receipt.

VI DATA PROTECTION AND TAX STATUS

Article 23.
The Broker processes personal data in accordance with the applicable regulations on the protection of personal data.
At the time of adoption of these General Terms and Conditions, the Broker is not in the VAT system. In the event of a change in tax status, the applicable regulations of the Republic of Serbia shall apply.

VII FINAL PROVISIONS

Article 24.
All issues not regulated by these General Terms and Conditions shall be subject to the provisions of the Law on Mediation in the Sale and Lease of Real Estate, the Law on Obligations, and other applicable regulations of the Republic of Serbia.

These General Terms and Conditions are displayed in a visible place in the Broker’s business premises and published on the Broker’s website.

ATTACHMENT:
Price list of brokerage services

ADV ROYAL CONSULTING
Dubravka Dragutinović