A real estate agency is a company in charge of real estate transactions. It will offer its services in the sale, lease, purchase, valuation of real estate, etc. It is in charge of putting in relation the salesmen and the potential buyers.
For any individual wishing to create their own real estate agency, several steps are needed. In the first place, it will be necessary to deposit a file in the commercial court. If a corporation and not an individual, once the articles written, they must be deposited in the same place as individuals. Next, we must verify that the person has the skills for this trade. It will thus be necessary to obtain the professional ID card (it is delivered according to conditions of diploma and\or experience).
Finally, it must necessarily have taken out a financial guarantee and professional liability insurance. Once all these formalities were accomplished and obtained, the person can dash into an activity of real estate agency.
Definition of Real Estate Agent
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He is an intermediary who intervenes in operations of sale, purchase, rent, grounds, business… The real estate agent, as intermediary, is going to represent one of the parts to the operation: he can involve the salesman or the buyer, the owner or the tenant. Namely, those only people holding a professional certificate issued by the County are authorized to conduct such transactions. |
Since 1 January 2006, the professional certificate is issued for a renewable term of 10 years (prior to that date, the card was issued for a period of one year renewable).
There are three kinds of business cards "on real estate transactions and goodwill", "property management" and "seller lists. To get this card working, the future officer must hold either a three drawer in the fields of legal studies, economic or commercial, or a university degree in technology or BTS in the property sector, or diploma economic and legal studies.
If it possesses none of these diplomas, he can prove a work experience in this business sector of at least three years if he has the high school diploma (or equivalent diploma), or of at least ten years if he has none of these diplomas. He will also have to prove his marital status, place of residence and profession.
The person must demonstrate a sufficient financial guarantee for the repayment of funds, effects or securities held by the agent. This guarantee can be given by a bank or credit, or by an insurance company. In addition, it will also take out professional indemnity insurance proving that not have been the object of criminal convictions for fraud, theft, embezzlement, concealment, etc…
Another condition for the exercise of its mission is that the agent must have authorization in writing (this is mandatory): alternatively, the agent cannot receive remuneration. The order must specify some key characteristics such as the desired object or sold by the customer, the nature of the service promised to the customer and the amount of compensation. The amount of commission the estate agent is set free on a contract basis, but must be provided by the mandate contained in the deed of sale. It must be precise, even if it is based on selling price.
source : www.touteslesagences.com
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