How to choose the right real estate agent for your needs?<\/h4>\n

By signing a \u201cRequest For Real Estate Brokerage Services\u201d form, either remotely or in person, one may obtain the services of an Israeli real estate agent. This form simply requires basic information about you, the specific property, and the commission rate due to the real estate agent. Before signing the form, you should review the terms and conditions, to make sure you agree with the obligations on both sides. The 1996 Israel Real Estate Agent Law governs all professional obligations and responsibilities of real estate agents in Israel.<\/p>\n

<\/p>\n

Israeli Real Estate Law<\/h4>\n

Differently from other countries, in Israel, the same real estate agent typically represents both the buyer and seller. The Israeli real estate agent is generally paid a commission of 4%, with 2% paid by the buyer and 2% paid by the seller. Once in escrow, or after a contractual agreement with the seller has been signed, the commission fee is payable. Depending on the agent, the commission fee could be negotiable.<\/p>\n

Be Cautious when Working with Israeli Real Estate Agents<\/h4>\n

When working with an agent, you should never feel obligated to pay any sum of money until you have decided to purchase the real estate asset. We caution against disclosing how much you are willing to pay when you are initially offering the seller a lower price, for it could result in a conflict of interest between you and the agent, who is interested in a commission on a higher purchase.<\/p>\n

What makes a good agent?<\/h4>\n

A good agent will always be upfront and honest when answering your questions, no matter what. Additionally, a good agent will disclose any vested interest in the property beforehand, such as if they have sold the listing to a previous client. Under the contract, the agent is legally bound to be transparent and work in good faith. Prior to selecting the agent you want to work with, we recommend looking at the agent\u2019s published online listings to make sure they are successful in brokering sales in the type of apartment you want to buy.<\/p>\n

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How to choose the right real estate agent for your needs? By signing a \u201cRequest For Real Estate Brokerage Services\u201d form, either remotely or in person, one may obtain the services of an Israeli real estate agent. This form simply requires basic information about you, the specific property, and the commission rate due to the…<\/p>\n","protected":false},"author":110,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,150],"tags":[],"class_list":["post-80622","post","type-post","status-publish","format-standard","hentry","category-general-information-en","category-real-estate-property-law-en"],"acf":[],"yoast_head":"\n