The real estate agent’s role

The real estate agent plays a key role in the real estate sector. He acts as the prime go-between for every transaction. He has to obey strict regulations and obligations by involving his responsibility.

The real estate agent is a professional.

The real estate agent is a State-recognized professional. Therefore, he must have a professional license issued by the Préfecture conditional on his professional abilities. Diploma or professional experiences are required to get this professional license.

There are many licenses depending on the activities in the real estate sector: the transaction, the rental management and the sale of property’s files for sale or rent. Each real estate agent living in France or abroad must hold the professional license to work on the French territory.

The real estate agent is an adviser

Anyhow, your real estate agent is first and foremost an adviser. As a professional aware of the market and regulations related to his sector, he will be able to provide you the best advices for your project.

The real estate agent is a mandated go-between

Being a go-between is the first role of the real estate agent. He connects supply and demand from the real estate sector. To do this, he helps the home-owners to find people who are interested in selling or renting their property.

This is a mandated act. This mandate allows him to do any advertisement for sale or renting the property he is in charge of, and he has to inform the home-owners about his mission.

. The mandate is always time-limited. It may be simple, meaning that the home-owner is allowed to look for buyers or tenants on his own or with the help of real estate agents. Opposite to that, it may be exclusive, meaning that the mandated real estate agent is the only one who can look for buyers or tenants as long as the mandate is valid. In this case, only the go-between can close the transaction and the home-owner takes on a commitment not to close the transaction after the end of the mandate with any customer introduced to him by the real estate.

The real estate agent is a fund manager

For the rental management as for the transactions, the real estate agent may get involved in managing fund for his customers. According to the law, he has to subscribe a financial security at least equal to the maximal amount of funds he expects to get. Many ways to get this financial security exist but the real estate agent has to hold an attestation regarding this security in every instance.

The real estate agent is responsible

The real estate agent is a State-recognized professional adviser, he has the duty toward people he advises, be it toward the home-owner he is the proxy or toward people he helps to find a home for sale or rent.

By this information and advice-related duty, he has to provide his customers right and adequate information. The information notably concern the name of the people involved in the transaction, their capacity to get financially involved, the respect of local and national regulations, the good “health” of the detached or apartment building in the interest. The lack of information or inadequate or incorrect information may make his responsibility involved.

The real estate agent has to hold an insurance covering the financial consequences of the professional civil responsibility he may incur owing activities he practices.

In short, the real estate agent will be the best partner you may ever have whatever your real estate project: buy your home, invest money, or offer your property for rent or for sale . Privileged go-between of all these transaction type, he will be an excellent adviser of whom the professionalism is unequalled.