Cyprus-Forum.com

[cyprusgrump]

They have to have Cypriot licences, which require: relevant experience, academic qualification and pass an exam which is in Greek or Turkish.

Lana

Who do...?

[Svetlana]

Hi Grump

I ws referring to companies who wish to operate as estate agents in Cyprus.

Basically anyone who earns commission from the sale of property must be a registered Estae Agent or an employee of one.

Lana

[cyprusgrump]

Hi Grump

I ws referring to companies who wish to operate as estate agents in Cyprus.

Basically anyone who earns commission from the sale of property must be a registered Estae Agent or an employee of one.

Lana

Yes of course... I thought you were referring to overseas agents...

[Peterc]

I understand it goes on, but if it is so blatant why is it not stopped.

I suppose you could...

But then how about all the overseas agents that introduce clients to developers in Cyprus...? how could they be controlled...?

Unfortunately, greedy developers would put a stop to overseas agents as they would probably offer a deal if the purchaser did the deal behind the agents back as they are not in cyprus.

[Peterc]

They have to have Cypriot licences, which require: relevant experience, academic qualification and pass an exam which is in Greek or Turkish.

Lana

i understand that this is now offered in english too

[Niki]

I understand that a group of licenced agents put pressure on the government to close Buysell.

Like Grump I have heard good things about Buysell and from any contact I've had they were professional. I believe they got 'around' the lack of licence by stating they were simply marketing property and charging a fee for this marketing, not as sale commission. They are good at marketing.

I have also had bad experiences with 'licenced' agents. It is about time the monopoly ended with the more unscrupulous agents. Give them more competition that is controlled.

[bill cobbett]

Surely a company as large as buy-sell should get licensed rather than working on the margins of legality as "marketers".

[psycho]

I understand that a group of licenced agents put pressure on the government to close Buysell.

Like Grump I have heard good things about Buysell and from any contact I've had they were professional. I believe they got 'around' the lack of licence by stating they were simply marketing property and charging a fee for this marketing, not as sale commission. They are good at marketing.

I have also had bad experiences with 'licenced' agents. It is about time the monopoly ended with the more unscrupulous agents. Give them more competition that is controlled.

So if if Buysell get around the licensing thing by stating they were marketing a property and charging a fee for this marketing, then the sale is not a sale, therefore commission does not apply....Fantastic Marketing!

[Peterc]

I understand that a group of licenced agents put pressure on the government to close Buysell.

Like Grump I have heard good things about Buysell and from any contact I've had they were professional. I believe they got 'around' the lack of licence by stating they were simply marketing property and charging a fee for this marketing, not as sale commission. They are good at marketing.

I have also had bad experiences with 'licenced' agents. It is about time the monopoly ended with the more unscrupulous agents. Give them more competition that is controlled.

So if if Buysell get around the licensing thing by stating they were marketing a property and charging a fee for this marketing, then the sale is not a sale, therefore commission does not apply....Fantastic Marketing!

except that they charge between 8% and 10% of the asking price(not the selling price)

[psycho]

I understand that a group of licenced agents put pressure on the government to close Buysell.

Like Grump I have heard good things about Buysell and from any contact I've had they were professional. I believe they got 'around' the lack of licence by stating they were simply marketing property and charging a fee for this marketing, not as sale commission. They are good at marketing.

I have also had bad experiences with 'licenced' agents. It is about time the monopoly ended with the more unscrupulous agents. Give them more competition that is controlled.

So if if Buysell get around the licensing thing by stating they were marketing a property and charging a fee for this marketing, then the sale is not a sale, therefore commission does not apply....Fantastic Marketing!

except that they charge between 8% and 10% of the asking price(not the selling price)

So, what should the % be if they sell it??