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