What does FAI mean beside the price of a property for sale in France?

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When you see property for sale in France you may see FAI beside the sale price in an agency window. FAI is an acronym that means ‘frais d’agence inclus’ that is agency fee included.

Make sure the price with the agency is TTC. TTC is an acronym that means ‘toutes taxes comprises’ all taxes included. However, this TTC is referring to, we believe, just the TVA. This is important since GST or VAT known as TVA in France, the tax on services changed from 19.6 percent to 20 percent. Make sure the agency fee includes the TVA so you don’t want a huge tax surprise when you go to pay the agency who has helped you find your dream property in France.

IMPORTANT: The term FAI is now being replaced with HAI. Learn what the term HAI means here.

Also confirm that the TVA has not changed from what is noted above.

Before you request the free ebook below read what people are saying about ESREA France – some examples:

Cynthia Sadler wrote ” I am so grateful to you for your help, and I have already spoken to friends who are planning to retire in France after their children graduate from college in 5 or 6 years, letting them know about the wonderful support that ESREA France will be able to provide when they start looking for a house to buy. You can be sure that I’ll be referring other friends who are thinking about relocation possibilities to you as I learn of that interest!I”  

Tanya Coletz wrote “I can’t recommend David enough, such a refreshing experience after months of trying to find suitable professionals myself he managed to find English speaking, qualified and responsive recommendations immediately. He also responded to my emails on a French holiday and followed through on every promise at a very reasonable price. I’m very grateful for his help and highly recommend his professional service”

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Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.

How much commissions do real estate agents charge in France?

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A French real estate agency is able to decide freely on the amount of commission (honoraires) they will charge for the sale of a property.

Each agency must display in their office a document that shows their fees. Often the advertised price of French real estate  includes the agencies commissions and this in indicated by the letters but it is best to contact the agency that has a property of interest to you and ask right away what their fees will be.

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What is a mandat exclusif exclusive de vente in relation to a French property Sale?

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An exclusive mandate used in French real estate marketing also known as a ‘mandat exclusif de vente’ is a legal document that gives a French real estate agency the sole right to market the property on behalf of the owner. No other agency can market the property at the same time without this agents consent or without the contract expiring or being cancelled by the parties to the contract.

Note: we are not French lawyers or notaries so we recommend you seek direct legal advice before you sign an agreement with a real estate agency. You need to make sure you fully understand what you are signing. The details are important and we cannot explain them here.

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Are mandates or listing contracts mandatory to market property in France?

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When we ask French real estate agents they tell us no French real estate agent should be marketing a property without a legal listing contract. This property listing contract is called a ‘mandat de vente’ in French.

We understand Real estate agents in France are supposed to have a written ‘mandate de vente’ giving the agent the right to market the property on behalf of the owner.

The ‘mandate de vente’ shows details of the contract between the owner and the agent including the amount of commissions to be paid and how long the ‘mandat de vente’ or listing is valid for.

Important note: before you sign a ‘mandat de vente’ we recommend you make sure you fully understand the type of agreement you as signing and your obligations, if you are not sure see legal advise.

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Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.