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Rental Properties

Real Estate Tips > For Estate Agents And Middlemen

Estate Agents And Middlemen

CYPRIOT ESTATE AGENTS SHOULD BE REGISTERED WITH THE GOVERNMENT AND ONLY SUCH REGISTERED AGENTS CAN OPERATE LEGALLY.

Inevitably, because the Estate Agent Act is only recent, many non-qualified and traditional estate agents, have registered with the Government. Thus until some time passes, a sizeable percentage of the local agents, cannot be said to have the same standard as other professions.

In addition to the local Cyprus estate agents, you will find a lot of middlemen dealing in property as "Estate Agents" and they can be anything from your airport taxi driver to the nice barman at your hotel and the owner of the local tavern. These middlemen may get a commission from the local developers if they introduce a client, which, in itself is not objectionable.

What is objectionable is to place your complete trust in such impressionable middlemen and in so doing not to carry out your own research.