If you intend to sell your house in France, you’ll probably want to use brokers. We present for the rights and obligations.
Professional Card
The first and most important point to note that brokers are registered with a business card that you are entitled to the property and business asset transactions are authorized to sell the house. Therefore, no business management agents to focus on the sale of goods.
However, you will find independent sales agents affiliated with one or more brokers. This practice is totally legal, provided it is sold under the auspices of a registered agent and the registered agent (or lawyer) to purchase and keep the deposit.
The deposit must be kept in the account of others and is guaranteed by a financial guarantee, as the third caution of the Company for real estate professionals and real estate mutuelle (SOCAF). This company guarantees the repayment of deposits to purchase from them. The name of a financial security to the office to send.
Mandate for sale
Once you decide your broker, you go into a contract with its mandate to develop and sell. Not only is the written agreement, but also a certain form. There is no written contract, or does not meet the essential requirements of the law is valid.
This document must be distinguished from a visit, but one good thing that the agent entered the building to potential suppliers. Not be combined with a mandate to sell, the agent is not entitled to a sales charge. If you sign a warrant, you have seven days to change his mind. It should also clarify the mandate of this point. You also need a copy of the warrant, that the number of the company registration agent must contain.
If you register your intention to change, and within seven days, then the agent in writing (usually by rubbing a signed statement to that effect) in a letter by registered mail. The contract must be signed before the sale took place.
Rating
Estate Agents in France are similar to their counterparts in the trend by offering potential customers sometimes inflated assessments for instructions. Reasonable to do so in the knowledge that at some point, the client may be forced to accept a lower rate, so they were not provided or bids received significantly lower than the asking price.
But not always assume that inflation or needs assessment for brokers. Brokers earn their living when they actually sell a property and therefore not very good for them if they sell property and value!
The total cost of managing the broker are not negligible and live Fri agents rely on high turnover of property. One reason, in the current market, many agents are forced to ask for many customers to lower their price expectations. More often than not, officers in the current market value of the property at the bottom of the range, but if the customer agrees scored another matter!
In all honesty, the assessment of buildings (in particular) a difficult task because the lack of a sufficient number of comparable sales of similar properties, it is difficult to be precise about the value of a particular property. This makes it even more important for research to learn more thoroughly because of the price level.
Property Data
Rules significantly change the level of available information in a written report, so this is something you should discuss with your agent. Who should not brokers, misleading or inaccurate, they have no obligation to accurately describe the properties they sell.
Some officers take turns on the general practice of providing detailed property descriptions, but many only give a few lines, where the details of room sizes, condition, or specific location is not available or only covered in summary.
Often the same with the photographs, which can be shared, taken from an awkward angle, and poor quality. One reason that the information about the symptoms often short-lived, because the officers in general non-exclusive rights to sell the property and do not want too much fear that sellers can simply give bypass.
Commission
The mandate of the commission the amount owed, and only those who pay the buyer or seller. Contract is not clear that the amount of the commission rate is valid.
The level of the Commission, and many topics for negotiations between the agent and the seller, contrary to popular belief on this point. It is payable only if and when the sale is finally made to the property was introduced by the agent to purchase.
However, appearing as an exclusive contract with the agent, not the agent commission is due, even if the buyer before the property. Although the contract may stipulate that the buyer pays the Commission, again, something that the buyer can not be held because they are not part of the contract. And ‘good to the point of sale negotiations.
When all the conditions of the purchase requirements, but will then by the sale was completed, the agent is entitled to either still running or damage, depending on the circumstances due to a number of requirements.
The French court ruled that arises when the seller directly to a purchaser by his agent to avoid paying the Commission is due, usually the seller (not buyer) is obliged to pay compensation for ‘agent.
Limited Time
The mandate should be limited in time, or it is invalid.
However, the contract automatically renewed, you should be aware of the anniversary of renewal to ensure that you notify the agent if you do not want to continue their services. It can automatically extend the exclusive mandate, but should be limited in time of three months. You will notice that it is often necessary to give 15 days notice to terminate the mandate, or be automatically renewable.
Dual mandates
A broker in France agent for the seller and buyer, so they get commission from both sides, although the practice is not widespread.