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Real Estate in Portugal: The Key Difference Between a "Real Estate Agent" and a "Real Estate Consultant

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If you're an American expat looking to buy, sell, or rent property in Portugal, there's a crucial distinction in the real estate industry in Portugal that you should be aware of.  Unlike in the U.S., where a licensed Real Estate Agent is legally authorized to represent clients in transactions, in Portugal, most professionals you meet are actually Real Estate Consultants—not agents . 🔹 Who is a Real Estate Agent in Portugal? A licensed Real Estate Agent (Agente Imobiliário) or Private Broker, holds an official license from the Portuguese regulatory authority (IMPIC), carries professional liability insurance, and is legally responsible for transactions. The agent deals directly with clients and assumes full accountability under Portuguese law. 🔹 What about Real Estate Consultants? Most professionals working under big-name real estate franchises in Portugal are Real Estate Consultants (Consultores Imobiliários). They are contracted by the brand, not individually licensed, and op...

Demystifying Real Estate Commissions: The Role of the Buyer's Agent

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In the Portuguese real estate market, there is a common misconception among buyers: the idea that the presence of a  buyer's specialist  (or  buyer's agent ) increases the cost of the property. In reality, this is a myth that needs clarification. How Do Real Estate Commissions Work? In traditional real estate transactions, the commission paid for brokerage services is, in most cases, covered by the  seller , not the buyer. This commission is pre-agreed between the seller and the real estate agency representing the property. What many people don't realize is that within this commission structure,  there are usually two agents involved : The listing agent  – Represents the seller and promotes the property in the market. The buyer's agent  – Works directly with the buyer, helping them find the best option and negotiating the most favorable terms. Rather than increasing costs, the presence of a buyer's agent means that the total commission agreed with the ...