{"id":67382,"date":"2020-07-01T15:29:51","date_gmt":"2020-07-01T10:29:51","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=67382"},"modified":"2020-07-01T15:29:52","modified_gmt":"2020-07-01T10:29:52","slug":"resolution-submitted-punjab-assembly-seeks-2-commission-realtors","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/resolution-submitted-punjab-assembly-seeks-2-commission-realtors.html","title":{"rendered":"Resolution submitted in Punjab Assembly seeks 2% commission for property agents"},"content":{"rendered":"\n<p>Lahore: Member of Provincial Assembly (MPA) Mian Abdul Rauf on Friday (June 26) submitted a resolution in the Punjab Assembly wherein he called for fixing a 2% rate of commission for property agents registered with the government, according to a news source. The resolution is expected to be presented before the provincial legislature for approval this week.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/professional-tax-notices-sent-to-islamabad-retailers.html\" target=\"_blank\" rel=\"noreferrer noopener\">Professional tax notices sent to Islamabad retailers<\/a><\/p>\n\n\n\n<p>Once the resolution gets passed, related work will be carried out to form the needed legal framework in this regard. According to details, the efforts to set the commission for property agents were being made by the Federation of Realtors Pakistan ex-president Major (retired) Rafiq Hasrat.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/kda-bar-agents-involvement-property-matters.html\" target=\"_blank\" rel=\"noreferrer noopener\">KDA to bar agents\u2019 involvement in property matters<\/a><\/p>\n\n\n\n<p>Reportedly, the real estate agents have been demanding to fix the commission percentage for a long time. Commenting on this development, Hasrat said that a meeting will soon be held with Punjab Assembly Speaker Pervaiz Elahi and Minister for Law and Parliamentary Affairs Muhammad Basharat Raja to help prepare the legal framework required to make the needed changes in the law.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/no-tax-on-health-sector-services-punjab.html\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab Budget 2020-21: Reduction in professional tax, 0% tax on health sector services proposed<\/a><\/p>\n\n\n\n<p>The resolution further demands the government to take measures for the registration of trained professionals in order to run the real estate business in the country as this will help protect investor\u2019s interest and at the same time help the government increase its revenue. If the resolution gets passed, the registered real estate agents will be bound by law to get 2% commission against the services they provide on sale and purchase of immovable properties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: Member of Provincial Assembly (MPA) Mian Abdul Rauf on Friday (June 26) submitted a resolution in the Punjab Assembly wherein he called for fixing a 2% rate of commission for property agents registered with the government, according to a news source. The resolution is expected to be presented before the provincial legislature for approval this week. Read: Professional tax notices sent to Islamabad retailers Once the resolution gets passed, related work will be carried out to form the needed legal framework in this regard. According to details, the efforts to set the commission for property agents were being made by the Federation of Realtors Pakistan ex-president Major (retired) Rafiq Hasrat. Read: KDA to bar agents\u2019 involvement in property matters Reportedly, the real estate agents have been demanding to fix the commission percentage for a long time. Commenting on this development, Hasrat said that a meeting will soon be held with Punjab Assembly Speaker Pervaiz Elahi and Minister for Law and Parliamentary Affairs Muhammad Basharat Raja to help prepare the legal framework required to make the needed changes in the law. Read: Punjab Budget 2020-21: Reduction in professional tax, 0% tax on health sector services proposed The resolution further demands&hellip;<\/p>\n","protected":false},"author":18,"featured_media":67386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015,15016],"tags":[33324,33327,33325,33328,33329,33326],"persona":[],"class_list":{"0":"post-67382","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"category-new-developments","9":"tag-benefits-for-registered-property-agents","10":"tag-property-agents-commission","11":"tag-registration-of-realtors-in-pakistan","12":"tag-resolution-in-pa-seeks-2-commission-for-realtors","13":"tag-resolution-submitted-in-punjab-assembly-seeks-2-commission-for-property-agents","14":"tag-resolution-to-set-2-commission-for-property-agents","15":"cat-15015-id","16":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Resolution in PA seeks 2% commission for realtors - Zameen News<\/title>\n<meta name=\"description\" content=\"The resolution further demands the government to take measures for the registration of trained professionals in order to run the real estate business...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/resolution-submitted-punjab-assembly-seeks-2-commission-realtors.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Resolution in PA seeks 2% commission for realtors - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The resolution further demands the government to take measures for the registration of trained professionals in order to run the real estate business...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/resolution-submitted-punjab-assembly-seeks-2-commission-realtors.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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