November 7, 2017

They are regulated by law - and licensed

Property professionals are strictly regulated in France. Individuals or companies who are involved in the sale and purchase of real estate must hold a license called a “carte professionnelle” – as set out in the 1970 law (“loi H...

November 6, 2017

There are no true multiple listing services (MLSs)

Currently, there is no completely unified MLS service in France. There are some small groups of agencies who work together and call themselves an MLS; however, the amount of properties that are marketed by these mini-M...

November 6, 2017

Property buyers should be aware that by law the French estate agent is an intermediary (“commerçant”) who will bring together two parties to accomplish a sale, but who has no fiduciary obligations to either party – nor do they have to negotiate the best price on either...

November 5, 2017

Whether carte holders or agents commerciaux, and however they define their roles, they are hired by the vendor to market their property and sell it at the highest possible price. They have no obligation to point out the negative sides of a property or its surroundings,...

November 4, 2017

A few things to keep in mind if you decide to work on your own, with listing agents:

  1. Remember that by law the listing agent’s fees are included in the offered price - first confirm this, and the percentage involved (which is unregulated). There is always some room f...

November 3, 2017

Buyers often think that vendor agents are their only option in France and that each agent has access to the entire market. But not any longer.

Buyer’s or search agents (or property finders) worldwide are property experts who can help to save prospective buyers time, st...

November 2, 2017

 A property finder is the buyers’ agent; he has total liberty to search out property from any source, and will take a totally independent view of all the properties available. As you are paying him, he is in your corner as your personal consultant. He will also offer a...

November 1, 2017

What's the cost?

Property finders charge a consultancy fee to their customers, often negotiated in advance as a flat fee. The fee can be  up to 3.5% of the total budget – depending on the complexity of the search. Some customers are more comfortable with a percentage f...

October 31, 2017

Understanding real estate portals

Some online-only agencies call themselves “home finders” or “house hunters.” They are primarily aimed at foreign buyers, and advertise their services as free. In reality, they are a marketing tool for listing agents, and they receive a...

October 30, 2017

What about private sales?

It is said that some 50% of property transactions are made in France via private sales, although foreign buyers tend to prefer the security blanket that using an agent or property finder offers. While buying privately avoids the need to pay ag...

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