When Do I Owe The Commission To The Estate Agent?
We have already discussed some of the particular aspects of how Italian estate agents operate.
In this brief article, I would like to focus on one key point: their commission.
First of all, no commission is due simply for visiting a property. If you are asked to pay at that stage, this should be treated with caution.
When visiting a property, however, you will typically be asked to sign a form. By signing it, you acknowledge that the agent introduced you to the property and that their commission will be due should you proceed with the purchase.
It is important to note that this obligation may still apply even if the purchase takes place at a later stage or through a different agent.
It is also good practice to ask about the amount of the commission at the first visit, as this is set independently by each agent and may increase as your interest in the property becomes more evident. The agent’s commission is, in any case, negotiable.
As a general rule, the commission becomes due once an agreement is reached with the seller. The timing of the actual payment is often negotiable and it is advisable to arrange it for the time of the rogito (final deed).
If you are not familiar with the buying process in Italy and need assistance, please feel free to get in touch at any time.
This article is not exhaustive, does not constitute legal advice and is a guidance only.
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