Message No : 12Sr.No : 404/724
Question By : Zaheer Hidayatullah Deshmukh

I am into real estate business. I arrange land deals for my clients. Usually land owners ask me to sell there land. Sometimes we accumulate a no. of properties, club them together and then sell it to an individual, or organisation. The land owners tell me that they are expecting a certain price for the land. Can I sell the land at a price higher than what the land owner has asked for and pay him the amount what he is expecting without informing him that the land has been sold for a higher price than what he is getting.

 

Reply By : Md. Asad
Designation : Mufti, ODI, MMERC, Mumbai 

In the name of Allah the most gracious the most merciful

The answer to your question is as follows:

Taking commission as a broker is permitted. But your dealing should not be against the will of the real owner. When the owner is giving something to sell, you cannot sell the thing at a higher price without informing them. Since the object is being sold in the ownership of the owner, it should not be beyond their expectation or knowledge. In short, you are not allowed to sell the land at higher price than the land owner has asked for. You are advised to fix your commission for your efforts.

And Allah (swt) knows the best

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