I see that Martin is confusing the commission rate with the General Sales tax. I have been referring to the taxes - which are governed by law and are unavoidable and non-negotiable. He seems to be talking about real estate commission rates.

The gst rate in Belize is 12.5% of the service fee (commission.) This (THE GST) is not negotiable.

Yes there is form that is filled in and handed into government that outlines the cost of commission, general sales tax, business tax, cobrokerage commission rates etc.

There are some standardized commission rates amongst the real estate agencies -much the same as the accountancy and attorney associations agree on "acceptable and competitive rates."

Certainly you can get bargain basement rates with some real estate companies - and more power to you if that is the route you choose to follow.

I have always tried to live with "gentlemens' agreements" but find that is often a fools game when played in Belize. Therefore I live and work in the world of contracts, agreements and yes, I pick and choose who I play with most of the time. Yes I get burned from time to time but hey, I guess that is what makes life exciting.

I am loyal to my customers and they are loyal to me. I provide a service in my office and when I perform I receive the royalties that were agreed upon. Thankfully we have plenty of happy and repeat clients.