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How Realtors are Compensated*
You should understand how we, the professional real estate
brokers at CityProperties, are compensated for our services
to our clients.
When we work for you, we are investing our time to help you
find a property. Time is our greatest commodity. We receive
no salary. Some times we receive only a portion of the
commission paid, when your transaction has closed and the
property has been rented. If you do not close, we receive no
fees, no matter how much work was done or how much money was
invested in working for you.
After closing occurs, the real estate commission** is divided.
The first division is between the real estate companies
participating in the transaction. Then the portion received
by CityProperties is divided with part being kept by the
company and the remainder paid to the closing agent.
Out of their portion, CityProperties, like all companies,
must pay, rent, utilities, and other business
overhead. Professional sales associates, like all
independent contractors, have expenses and overhead as well.
We each pay our share of state income taxes, internet,
telephone bills.
Here at CityProperties, we continually strive to provide you
with the highest quality professional services. Your loyalty
to us is highly regarded. If you are a satisfied with our
work, the truest way to show your appreciation is to refer
your friends and family to us so we can provide them with
the services you have enjoyed. It is the ultimate compliment
and evidence of your gratitude.
Your loyalty and business are appreciated.
Sincerely,
Georgia Costouros-Perantoni
CityProperties Real Estate, Hellas
* The
Greek law for Realtor's commission:
The
broker is paid by all the parties
represented by him, with a written or oral command. His fee is result of freely negotiation
between himself and his client and there is no limit
whatsoever.
** Our commissions:
1) For
long term rentals ( more than 1 year ) is one
month's rent + VAT ,
paid upon the completion of the contract.
2)
For short term rentals is 1/2 months rent + VAT,
paid upon the completion of the contract.
3) For weekly rate contract, our commission is 50euros +VAT,
paid before the entry.
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