The French real estate law has changed. You used to see a property for sale in France with FAI beside the sale price in an agency window. FAI is an acronym that means ‘frais d’agence inclus’ that is agency fee included.
Now the new law replaces the word ‘frais’ with the term ‘honoraires’ so you will now see HAI beside pricing. It is another way to say what the agency charges for their work is included.
Make sure the price with the agency is TTC. TTC is an acronym that means ‘toutes taxes comprises’ all taxes included. 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.
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