Recently, an acquaintance called and asked: "Listen, explain to me who and how should pay the commission to a realtor in Italy, something I got confused. I read a lot, but I still do not understand."
I am often asked this question: how much commission does a realtor receive?
Advice: if you want your transaction in Italy to be as safe as possible, hire a realtor! Especially if you are not an expert on Italian law and do not know where the "surprise" awaits you
Find yourself a professional agent who has been working for more than one year - this is a guarantee of the deal!
Who pays the agent? Italian law does not prohibit receiving commissions from both sides. If the buyer and the seller have their own agents, the commission is divided. When signing a purchase agreement, a preliminary contract, a clause on the realtor's commission is included.
Nuance: if the first viewing of real estate took place with one agency, then it is necessary to complete the procedure with him. If the Buyer decides to change the agent, he will have to pay a commission to both.
There are several points:
If a preliminary contract is signed, the agent's work is considered completed and he is entitled to the full amount of remuneration.
In practice, the payment can be divided into two parts: at the time of signing the purchase agreement by the parties and at the date of signing the title deed.
And when buying on credit, the agency will receive a reward only after approval.
THE PRICE OF THE OBJECT DOES NOT INCLUDE THE COMMISSION TO THE REALTOR!
What about the size of the commission?
Each region of Italy has its own size 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!