Rory Ramsden – Luxury French Property Finder & Buyer's Agent in south west France
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French Property and the Free Search Myth

The French real estate system can be confusing. Typically, owners list their properties with a number of agents and may try to sell privately as well. In most circumstances, the agency that sells the property is the only one to receive a commission. There is no shared commission amongst other brokers involved. If the owner secures a seller on their own, the agencies do not receive any compensation. While this doesn’t make sense to the rest of the property world, traditions here are strong and hard to break. Agency commissions are high, and can be as high as 10% for low value properties, but it is negotiable.

Key Takeaways:

  • If you’ve been searching for French property for a while and find the system confusing, then you’re not alone.
  • French vendors generally list their property with a range of agents and often even try to sell privately at the same time.
  • In most countries a multi-agency listing means that the sole or joint listing agent(s) is/are guaranteed to get commission and the agent who introduces the buyer automatically gets their share.

“French vendors generally list their property with a range of agents and often even try to sell privately at the same time.”

http://thefrenchpropertyfinders.com/blog/french-property-free-search-myth/

About the Author Rory

Rory Ramsden is a French property finder and buyer's agent working for high net worth private clients wishing to buy a chateau, manor or vineyard in the south west of France. He has lived in France for 8 years after spending time travelling the world on business.

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