FORUM
  Home
  Forums
  Photo Gallery
  TLF Donations
  Forum Rules
  Register
  LINKS
  Property Buying Guide
  Didim Google Map
  Weather Station
  Classified Ads
  FUN
  Arcade Games
  Daily Crossword
  Jen's Chat Room
  Lira Exchange Rates

Go Back   Turkish Living Forums > The Meeting Place > News & Views

Post New Thread  Reply
 
LinkBack Thread Tools Display Modes
Old 12th November 2017, 13:35   #1 (permalink)
Member
 

Thanks: 110
Thanked 150 Times in 70 Posts
Camden has a spectacular aura about Camden has a spectacular aura about
Estate Agents commission is being lowered

The Ministry of Customs and Trade has announced there will be a reduction in commissions taken by estate agents. If the draft is accepted in the current form.

The draft by the Ministry of Customs and Trade if it comes into force which it should, the total commission rate of the real estate agents on both sides of the real estate purchase and sale will not exceed 3 percent of the property value. And on rentals they will be only able to charge only 1 month commission instead. in some cases up to 12% of the annual rental.

In the existing legislation, the real estate agent receives 3 percent commission from both sides.

The prepared draft, on rentals, the real estate agents will not be able to claim more commission than rent for one month from residential, business and land rentals. In practice, real estate agents at the moment the agents on rental can receive 12% percent of the annual rent as commission

All the above explained to me by a colleague reading from a piece by Gülistan Alagöz in the Hürriyet.

So taking from what he has said it means both parties will pay one and a half percent instead of the 3% by both, if he has explained it right, or maybe it's just one party who will pay the whole 3%, but the total will be 3%

Good news anyway should encourage more sales.

Maybe some local estate agent can come on and explain ,as sure they will have been notified of the new draft law .
Camden is offline send PM Reply With Quote Share on facebook
The Following 6 Users Say Thank You to Camden For This Useful Post:
angelaturkey (12th November 2017), IbrahimAbi (12th November 2017), Lady of Leisure (12th November 2017), sgreat (13th November 2017), shash (12th November 2017), yalimart (12th November 2017)
Old 12th November 2017, 15:21   #2 (permalink)
Grey wisdom
 

Thanks: 3,882
Thanked 4,966 Times in 2,308 Posts
IbrahimAbi has a reputation beyond repute IbrahimAbi has a reputation beyond repute IbrahimAbi has a reputation beyond repute IbrahimAbi has a reputation beyond repute IbrahimAbi has a reputation beyond repute IbrahimAbi has a reputation beyond repute IbrahimAbi has a reputation beyond repute IbrahimAbi has a reputation beyond repute IbrahimAbi has a reputation beyond repute IbrahimAbi has a reputation beyond repute IbrahimAbi has a reputation beyond repute
Re: Estate Agents commission is being lowered

Maybe more people will use estate agents now, it may be good for their business in the end.
__________________
Cannot Save The World, Not Enough Disc Space
IbrahimAbi is online now send PM Reply With Quote
The Following 3 Users Say Thank You to IbrahimAbi For This Useful Post:
angelaturkey (12th November 2017), sgreat (13th November 2017), shash (12th November 2017)
Reply

Tags
agents , commission , estate , lowered



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Estate Agents vivnian Kusadasi Forum 37 16th October 2011 09:13
Estate agents Brendab Buying property in Turkey & North Cyprus 9 22nd September 2011 10:08
estate agents martin&sharon Fethiye Forum 6 15th November 2009 15:39
estate agents biggles Bodrum Forum 5 26th January 2009 17:50



All times are GMT +1. The time now is 15:41.
TurkishLiving.com tested by Norton Internet Security TurkishLiving.com tested by McAfee Internet Security
Powered by vBulletin® Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.
Style Provided By: Wrestling Clique - Wrestling Forums
TurkishLiving.com


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155