Answer:
Standard brokerage charges for the industry (and approved by industry) are as follows:
SALE TRANSACTION: 2 Percent of the total value of the transaction
LEASE TRANSACTION: Equivalent to 2 Months rent & 2 percent of total deposit
Service tax of 10.3 percent is chargeable as extra on both the above cases.
Brokerage is paid to the realty consultant by the client he represents. In case the consultant represents both buyer and seller (or licensor and licensee), both the said parties need to individually pay the above fees as per established market practice.