How To Become an Estate Agent in Greece

Sellers and buyers of properties all around the globe sometimes avoid using real estate agents because of the burden of estate agent commissions and fees, especially when a high-value property is involved. However, one cannot underestimate the importance of an estate agent in property contracts. Their contribution to the transaction can save a lot of time spent in negotiations and can serve as mediators in helping both parties reach a compromise.

There are legal provisions for anyone looking to become a real estate agent in Greece. These laws may appear to be strict, and offenders may face disciplinary and criminal sanctions if found wanting. If you think you can’t navigate the legal requirements of becoming a real estate agent in Greece all by yourself, you need the services of a lawyer to help you set up your real estate business. In this article, we have rounded up some tips to becoming a real estate agent in Greece.

Obtain necessary qualifications

In Greece, the real estate agent profession is regulated by law, and all aspiring agents must obtain the necessary licenses and qualifications. There are local and international licenses that you can obtain to give you your desired reach. These qualifications and licenses will allow you to operate as a professional real estate agent.

Understand The Law on Real Estate Agents

As mentioned earlier, laws are guiding the establishment and operation of a real estate agent business in Greece, as well as the rights and obligations of the agent as defined in articles 197 – 204 of Law 4072/2012 (Government Gazette A 86 / 11.04.2012) and 703 – 707 of the Civil Code.

According to the Greek Law 4072/1012, a real estate agent is a company or individual; providing agenting services on real estate. Agent service can be described as an indication of mediation for the execution of contracts or transactions involving real estate – contracts of sale, exchange, leases, rental, or easements. No laws are covering the practice of real estate agents apprentices or trainees.

Follow these conditions for exercising the profession of real estate agent

For the exercise of the profession of a real estate agent, the following conditions must be met by the individual concerned:

  1. Be a Greek citizen or citizen of a member state of the European Union or a member of the European Economic Area (EEA). A third-country national is required to have a residence and work permit in Greece or a residence permit for independent economic activity.
  2. Not have been convicted of a felony (a crime punishable in Greece by imprisonment over a period of five years) or of a misdemeanour (a crime punishable in Greece by up to five years in jail time) for offences of theft, embezzlement, fraud, embezzlement in service, forgery or misuse of stamps, infidelity, perjury, fraudulent bankruptcy, loan defaults, usury, issuing a dishonoured check, or for one of the offences relating to currency.
  3. Not have been subjected to full or partial, privative or auxiliary judicial support (Civil Code 1666-1688).
  4. Have a high school or a foreign equivalent school diploma.

To learn more about becoming a real estate agent, check out rrcorfurealestate.com.

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Breaking News

Popping the Asking Price Bubble

Where in the Uk Can Buyers Snap Up Property Bargains and Where Properties Go for a Premium Above Asking Price   New research from fast selling property company, Upstix has uncovered the UK’s most surprising postcodes for snapping up a property at bargain prices this year, highlighting a widening gap between sellers’ expectations and the…
Read More
Rightmove logo
Breaking News

Highest demand to lease office space since pre-pandemic

The latest insights from the UK’s number one commercial property website Rightmove, reveals that the number of unique enquiries to lease office space is at its highest point since pre-pandemic, as businesses look for spaces that meet modern requirements. Demand to lease office space is 19% higher than the same period a year ago and…
Read More
Planning disputes on new build land
Estate Agent Talk

Planning consultations for major infrastructure to be streamlined

Robert Bruce, a planning and infrastructure partner at law firm Freeths LLP, said he: “Welcomed the change as a significant step to speeding up the DCO process and the focus on the quality and effectiveness of the consultation, rather than box ticking and a risk averse approach to pre-application consultation due to the current legal…
Read More
Breaking News

‘The property ladder pulls further away’ warns Open Property Group

For many first-time buyers across England, the dream of homeownership continues to slip further out of reach. Despite rising wages, soaring house prices are making it harder than ever to get on the property ladder. A leading UK professional house buying company ‘Open Property Group’ based in Buckinghamshire UK, has raised concerns over the ongoing…
Read More
Estate Agent Talk

How Long It Takes to Buy a House in the UK: 5 Common Delays That Can Slow Down Your Home Purchase

Wondering how long it takes to buy a house in the UK? The average timeline ranges from 8 to 22 weeks, but even that can stretch significantly due to unexpected delays, especially if you’re a first-time buyer or caught in a chain. That’s why working with experienced professionals like Belvoir — one of the UK’s…
Read More
Love or Hate Rightmove
Breaking News

Rightmove to host Renters’ Rights Bill webinar with Guild of Lettings

Rightmove is hosting a live and interactive webinar session with the Guild of Lettings to help agents get Renters’ Rights Ready. The webinar will take place from 10:00am – 11:00am on Wednesday 23rd April. Susie Crolla, Managing Director for the Guild of Lettings, will be joining Rightmove to help agents with questions they may have about…
Read More