Henley Estates will keep 20 per cent of the commission charged by real estate agents on sales to citizenship scheme clients, Times of Malta has learnt.
Another 60 per cent will be passed to the source that introduced the client in the first place – Henley & Partners – despite Henley Estates’ insistence they were two separate companies.
Times of Malta yesterday reported Henley Estates managing partner, Andrew Taylor, saying that much of the estate agents’ reaction – they described the proposed charges as “outrageous” – stemmed from the fact that “it is being overlooked” that the two companies operated separately.
Henley Estates, which is independent of its sister company, Henley & Partners, wants real estate agents to sign an agreement that would entitle it to half the commission on rentals and 80 per cent of the commission on sales.
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