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REAL ESTATE COMMISSION

We inform you that during the viewing of the property it is deemed necessary to indicate your identity as well as your VAT number according to Law 4072 / 11-4-2012 Official Government Gazette 86A. If buyers or sellers are more than one person, then the amount of the real estate commission is divided to each, depending on the percentage of co-ownership in the property.

In particular, each Real Estate Broker is entitled to a fee on the real market value of the property for which a final buying and selling – contractual consideration contract will be made and on the rental price that will be set in the relevant property rental contract in case of rent. The fee is paid in the first case by both the buyer and the seller and in the second case by the lessee and the lessor in the same way. The legal VAT of 24% is always added to the final amount. The percentage of the commission in the real estate buying and selling – contractual considerations is usually 2% (+ VAT) and in property rentals an amount equal to a monthly rent (+ VAT). These amounts are given in full independently by both parties.

The broker is entitled to a fee, apart from the sale and rent, for any contract that will be drawn up as a result of his own suggestion for property viewing and concerns the acquisition or transfer of the right of ownership or use or exploitation of the relevant property in any other way. By signing the order to view a property and the assignment order respectively, you declare, inter alia, that you accept the above and your are committed to pay the broker the agreed brokerage fee, which you consider reasonable and fair. In the event that a final contract is not concluded, you do not bear any financial responsibility to the broker. The broker is protected by law and is represented by the Greek Federation of Real Estate Brokers and the Attica Association of Realtors.