What should you look for when hiring a real estate agent?
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Loading... - Brenda Butler
- 23 Aug 2022
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A man, who presented himself as a real estate agent, managed to deceive the buyer and seller of an object and in that way appropriated more than one million euros, which is one of the biggest frauds committed in the past few decades.
This is just one example of carelessness on the part of the buyer and the seller, which is why it is important to check carefully with whom you are "dealing" before making an investment decision. In our country, several tens of thousands of properties are sold annually, and real estate agencies are often hired as intermediaries.
If you want to cooperate with agencies, you can check their status in the Register of Intermediaries , which is located on the website of the Ministry of Trade, Tourism and Telecommunications . In order to ensure safe trade, the ministry conducts a professional exam for all persons who, by law, wish to engage in mediation in traffic and real estate leasing. In addition to the exam, potential agents must meet certain conditions in order to receive a certificate and be registered in the broker's register.
In addition to that type of check, you should also pay attention to whether the intermediary has received an identification card from the Serbian Chamber of Commerce , which has begun to issue these cards to agents upon personal request, as another form of protection against misuse.
On the other hand, agencies have to fulfill several conditions in order to be able to do business. Namely, they must own the space where they work and be registered with the Agency for Business Registers as legal entities and business entities.
Before you decide to do business with real estate agencies and their agents, you can trust these two things and make sure that it is not a scam. What is not up to you, but is carried out, is control by the market inspection. During this control, it can be seen whether the agency is registered and whether it has insurance as an additional form of client protection.
It is important to emphasize that in no country in the world the possibility of fraud is completely excluded, but by checking the mentioned things it can be reduced to a minimum. Read More…
