Why you should use a registered real estate agent

Why you should use a registered real estate agent

Just a decade ago, Cyprus was inundated with unlicensed agents taking part in illegal and illicit property deals. These days, the government has introduced a range of legislation to ensure that home buyers, sellers, and renters are properly protected.

This led to the demand for licensed estate agents – with the obligation being that each agent and company possesses professional indemnity cover of €200,000. If you fall victim of miss-selling, you can be assured that this insurance will cover you.

In Cyprus, to be eligible to work as an estate agent you should pass professional examinations that test your knowledge on various aspects of property related matters such as law, economics and planning procedures.

How to recognize a registered & licensed estate agency?

All registered & licensed estate agents have to state their registration no. and license no. on their website and other company material..

E.g.: Registered & Licensed Estate Agency, A.A.123 & A.M. 345/E

Christos Nikolaou

Author: Christos Nikolaou

BEng Mechanical Engineering, MSc Real Estate, ETEK Property Valuer, Register and Licensed Real Estate Agent.

Christos Nikolaou is the founder and Managing Director of Property Canvas, he holds a license as an Estate Agent from the Association of Real Estate Agents of Cyprus and he is a registered Property Valuer in the Technical and Scientific Chamber of Cyprus (ETEK). He is the author of our “Why you should use a registered real estate agent” and is a certified advance negotiator.

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