Real estate agency fees correspond to the fees charged by the real estate agent. Without their intermediary, the selling or leasing property owner may not have found a buyer or tenant. The real estate agency provides its client-owner with legal expertise, a network on the ground, and analytical tools. In return, they are compensated.
Unlike notary fees, there is no law regulating real estate agency fees. These fees can be borne by the buyer or the seller, and their amount must be clearly defined by the real estate agency. It is a customary sum in exchange for its expertise and services provided for the property's sale. These fees cover the agency's structural costs, communication, drafting the sales agreement, advice, and expertise, etc.
For the sale of a house, the real estate agency calculates its fees in tiers. This percentage may vary based on the selling prices of properties and, in some cases, depending on the geographical area. The agency determines this in the sales mandate.
At Celaur Immobilier, the fees are distributed as follows and may vary by agency:
- SALES: less than €29,999 - €3,000 including taxes
- Minimum of €4,000 for built properties.
- SALES: €30,001 to €49,999 - €4,000 including taxes
- SALES: €50,000 to €69,999 - €5,500 including taxes
- SALES: €70,000 to €84,999 - €6,500 including taxes
- SALES: €85,000 to €99,999 - €7,500 including taxes
- SALES: €100,000 to €119,999 - €8,500 including taxes
- SALES: €120,000 to €149,999 - €9,000 including taxes
- SALES: €150,000 to €169,999 - €10,500 including taxes
- SALES: €170,000 to €199,999 - €11,000 including taxes
- SALES: €200,000 to €214,999 - €12,500 including taxes
- SALES: €215,000 to €249,999 - €13,000 including taxes
- SALES: €250,000 to €299,999 - €15,000 including taxes
- SALES: €300,000 to €399,999 - €17,000 including taxes
- SALES: €400,000 to €499,999 - €20,000 including taxes
- SALES: €500,000 and above - €25,000 including taxes
Property Appraisal: starting from €145 including taxes
For a rental, each real estate agency is free to set its rates. According to the ALUR law, fees are generally based on a percentage calculated on the value of the property. Only the distribution of costs between the landlord and the tenant, as well as the tenant's share, is regulated by law.
These fees are applied according to the decree of 01/08/2014 and the ALUR law of March 4, 2014, and are capped at a price including taxes per habitable square meter. They also depend on the geographical area where the property is located.
Corrèze, Lot, and Haute-Vienne are classified as non-tense areas by the decree. Thus, for all properties for rent, the maximum rental fees are €8 including taxes per square meter.
The preparation of the entry inventory with the creation of a photo dossier is also part of the agency fees. This service is billed separately. Therefore, for the drafting of the entry inventory, the agency will charge €3 per square meter.
The main services included in the agency fees for a rental are:
At Celaur, agency fees for a rental are capped at one month's rent.
In the context of a property management contract, the real estate agency's remuneration is calculated based on the rent (including charges) collected by the owner. These management fees, freely set by agencies, generally represent 7 to 8% of the gross rents received by the landlord over the 12 months of the year. To give an idea, the real estate agency takes approximately the equivalent of one month's rent per year to manage a property.
In property management, Celaur Immobilier applies a percentage of 7.2% including taxes on the amount of the rent excluding charges collected. Thus, for example, for a property with a rent of €450 excluding charges, your agency will be paid €380 for a year.
The property management service includes rent collection, issuing receipts, and payment of charges. For the same landlord, these fees may be subject to negotiation based on the number of properties, the geographical location, and the rent amount for each property offered.
In a sales mandate, agency fees are commonly borne by the seller. However, the mandate may contain a clause stating that the payment of agency fees can be shared between the seller and the buyer. In a rental, agency fees are theoretically shared between the tenant and the landlord, but if the property is under property management, the landlord pays the agency fees in full.
When buying a house, the almost systematic common practice is to include agency fees in the sale price. The property's price is then announced including agency fees (F.A.I.). In this case, the agency fees are paid by the seller. However, unlike notary fees, which must be paid by the buyer, no rule dictates whether the buyer or the seller should bear agency fees. In practice, real estate agencies are free to decide. It will depend on what is specified in the sales mandate.
For a rental, agency fees are to be shared between the tenant and the landlord. The law states that the part of the agency fees paid by the tenant cannot exceed that paid by the landlord. For landlord-owners and tenants, Celaur Immobilier has set its agency fees equally. But if the landlord chooses to entrust the property management of their property, they will fully bear the fees charged within the contract.
Currently, fee negotiation should remain exceptional as the DGCCRF considers it unfair competition. Starting from April 1, 2022, the fee schedule will correspond to maximum fees. It will then be possible to set a conventional commission between the agency and the buyer without exceeding the maximum fee amount. At Celaur, the calculation of agency fees is different in price ranges for any type of property (house or apartment) and any nature (new or old). The basic values of the scale indicated by your agency may, however, vary depending on the location of the property, more so if demand exceeds supply in the area concerned.