provider shall con nue to provide property management services, and may request the owners to pay the
property management fee during this period.
Chapter XXV Brokerage Contracts
Ar cle 951 A brokerage contract is a contract under which a broker in his own name engages in trade
ac vi es for a client who pays remunera on in return.
Ar cle 952 The expenses incurred by a broker in handling the entrusted ma ers shall be borne by the broker,
unless otherwise agreed by the par es.
Ar cle 953 Where a broker possesses the commissioned ar cle, the broker shall properly keep it.
Ar cle 954 If the commissioned ar cle has a defect at the me when they are delivered to a broker, or if it is
perishable, the broker may dispose of the ar cle upon his client’s consent; if the broker is unable to make
prompt contact with the client, the broker may dispose of the ar cle in a proper manner.
Ar cle 955 Where a broker sells an ar cle at a price lower than the price set by the client, or buys an ar cle
at a price higher than the price set by the client, the broker shall obtain the consent of the client; where such
a deal is made without the consent of the client and the broker makes up for the price di erence, the said
deal is binding on the client.
Where a broker sells an ar cle at a price higher than the price set by the client or buys an ar cle at a price
lower than the price set by the client, remunera on may be increased in accordance with the agreement.
Where there is no such an agreement or the agreement is unclear, if it cannot be determined according to
the provisions of Ar cle 510 of this Code, the bene t shall belong to the client.
Where a client has given a special instruc on on the price of an ar cle, the broker may not sell or buy it
contrary to the said instruc on.
Ar cle 956 Where a broker buys or sells a commodity with a market price, unless otherwise indicated by the
client, the broker himself may serve as a buyer or a seller.
Despite the situa on provided in the preceding paragraph, the broker may s ll request the client to pay
remunera on.
Ar cle 957 Where a broker buys a commissioned ar cle in accordance with the contract, the client shall
accept the ar cle in a mely manner. Where, a er being demanded by the broker, the client refuses to
accept the ar cle without just cause, the broker may have the commissioned ar cle placed in escrow in
accordance with law.
Where a commissioned ar cle cannot be sold or the client withdraws from the commissioned sale, if the
client, a er being demanded by the broker, fails to take back or dispose of the said ar cle, the broker may
have the commissioned ar cle placed in escrow in accordance with law.
Ar cle 958 A broker who concludes a contract with a third person shall directly enjoy the rights and assume
the obliga ons under the said contract.
Where a third person fails to ful ll the contractual obliga on thus causing losses to the client, the broker
shall bear the liability for compensa on, unless otherwise agreed by the broker and the client.
Ar cle 959 Where a broker has accomplished the entrusted ma er in full or in part, the client shall pay
remunera on accordingly. Where a client fails to pay remunera on as scheduled, the broker has the right to
retain the commissioned ar cle under a lien unless otherwise agreed by the par es.
Ar cle 960 For ma ers not provided in this Chapter, the relevant provisions on entrustment contracts shall
be applied muta s mutandis.
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