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For an offer to purchase (OTP) concerning the sale of immovable property to be legally valid, it must contain, at minimum, the following: Must be in writing The identity of the parties to the contract The description of the property being sold The purchase price Must be signed by the parties. No additional clauses need to be recorded in the written document for it to constitute a valid...

Remuneration No property practitioner shall: Code: 8.1 stipulate for, demand, or receive directly or indirectly any remuneration, commission, benefit or gain arising from or connected with any completed, pending, or proposed contract of sale or lease which is subject to –  8.1.1 a suspensive condition, until that condition has been fulfilled; or  8.1.2 a resolutive condition,...