Recently, a friend called and asked: “Listen, explain to me who and how should pay the commission to a realtor in Italy, I got confused. I read a lot, but I didn’t understand.” And, by the way, I am often asked this question.
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If you want your transaction in Italy to be as safe as possible, hire a realtor! Especially if you are not an expert in Italian law and do not know where the "surprise" awaits you
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Find yourself a professional agent who has been working for more than one year - this is a guarantee of a deal!
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Who pays the agent? Italian law does not prohibit receiving a commission from both parties. If the buyer and seller have their own agents, the commission is divided. When signing a purchase agreement-preliminary contract, a clause on the realtor's commission is included.
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Nuance: if the first viewing of the object took place with a specific specialist, then in the case of buying this property, you need to buy the object with the help of this agent. A buyer who has gone to another agent will have to pay a commission to both.
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There are several points:
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If a preliminary agreement is signed to secure the transaction itself, the agent's work is considered completed, and he is entitled to the full amount of remuneration.
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In practice, the payment can be divided into two parts: after the parties sign the purchase agreement and on the date of signing the notarial deed.
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And when buying on credit, the agency will receive a reward only after a positive decision of the financial institution
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THE PRICE OF THE OBJECT DOES NOT INCLUDE REALTOR'S COMMISSION!
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The commission is paid by any guaranteed non-cash payment.
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And what about the size of the commission?
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As a rule, each region of Italy has its own rate from 3 to 5%, do not forget about VAT 22% (not for all agencies). In practice: the percentage is negotiated and fixed in the contract.
Are there any other questions? Write - I will answer!
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