You can exercise the real estate trades following:

• Transactions on built or unbuilt properties (apartments, houses, land)  : purchase, sale, rental, sub-rental, seasonal rental, unfurnished or furnished rentals and trading-fund transactions (purchase, sale, management leasing)
• Manager real estate (e.g. marketing, advertising, promotion)
• Condominium Trustee
• List dealer
• Additional tourist services related to your main activity in real estate (example: tourist package, transport services)

You are the intermediary between the 2 contracting parties (e.g. seller and buyer, lessor and lessor).

This place of intermediary is formalized by a document called mandate. You are thus an agent.

The mandate is fulfilled by the real estate agent, the seller and the buyer.

It is generally valid for a maximum of 3 months.

It can be simple or exclusive. It is exclusive when the customer chooses you as the sole agent.

The transaction between these parties can also be secured by the presence of a third person Trusted: notary, commissioner of justice (former bailiff and judicial auctioneer), lawyer, bank, etc.

The mandate shall contain the following information:

• Duration of your term (maximum 3 years)
• Number registration in the register of real estate principals
• Remuneration and by whom you are paid
• Missions precise
• Conditions of handling of fund (collection or not) and accountability (accounting management report)

In summary, here are the key information to be verified to find out if you can exercise:

• Have a diploma Tray + 3 minimum (BTS, License or Pro License) or a experience professional in a real estate trade
• Meet requirements for to carry on a commercial activity
• Not having had an personal bankruptcy or a prohibition on managing (information on the criminal record bulletin no. 2)
• Benefit from a financial security (minimum of €30,000 for the first 2 years of exercise then €110,000) for each activity (transaction, management, trustee)
• Take out professional indemnity insurance called SPC
• Get the professional card real estate agent
• Build your company : Registration to the NNE and SCR and obtaining Siren, Siret and EPA code numbers

Diplomas

You must have obtained by minimum one of the following:

• BTS: titleContent in real estate professions
• Professional license (bac+2 recognized bac +3) in management and real estate career
• License (bac +3) in commercial, legal or economic fields
• License (bac +3) obtained in an institute of economic and legal studies applied to construction and housing (ICH). (For example, theICH ofCnam: titleContent)
• Certificate registered in NPRI (National Register of Professional Qualifications) classified in Level II (Bachelor, Bin +3)

Work experience

Professional experience in the real estate sector may also entitle you to practice as a real estate agent.

The experience requirement varies depending on the degree you have or don't have.

• If you have the bachelor's degree or a diploma or qualification entered in the national register of professional certifications of an equivalent level attesting to legal, economic or commercial studies, the experience required is:
  
  • 3 years experience as a full-time employee under the responsibility of a holder of the professional real estate agent card with the mention you request (e.g. “Management”, “Condo Trustee”, “Transaction”)
• If you don't have the bachelor's degree or a diploma or qualification entered in the national register of professional certifications of an equivalent level attesting to legal, economic or commercial studies, the experience required is:
  
  • either 10 years of experience as a full-time employee under the responsibility of a holder of the professional real estate agent card corresponding to the mention you request (e.g. “Management”, “Condominium trustee” “Transaction”)
  • or 4 years experience if you have executive status

In your profession, you may be required to:

• Search for goods real estate (apartments, houses, shops, offices) for sale or for rent
• Write and to sign a legal act as a mandate with the owner or a sales compromise
• Estimate an asset real estate, define with the owner the sale or rental price and the cost of expenses
• Place listings and view the real estate available in your agency
• Show around real estate
• Counselor your customers
• Check items of the transaction (technical and financial): revenue of customers, energy ratio of an asset, surface area, etc.
• Drafting a legal act as a sales compromise
• Accompany buyer (or lessor) and seller (or lessor) in the signing of the sales agreement or lease
• Hand over keys to the new owner or tenant
• Write an inventory of the property for rent

What's this about?

The financial guarantee is a reserve of money which you must obtain from a guaranty.

As a real estate agent, you will receive money on deposit for some time. These sums are called fund. 

In which cases is the financial guarantee still mandatory?

The financial guarantee is always obligatory for the pursuit of the following activities:

• Real estate transaction with holding of funds
• Property management (no declaration of non-holding of funds possible)
• Trustee (no declaration of non-holding of funds possible)

The financial guarantee is not not obligatory for the pursuit of the following activity:

• Real estate transaction without holding of funds (if you write a statement on the honor of not holding funds directly or indirectly)

How much is it?

It rises to €30,000 minimum during the first 2 years of activity, then at €110,000 minimum.

This guaranteed sum applies to each real estate activity (transaction, management, liquidator).

Where can I get it?

You choose the guaranty.

The financial guarantee is obtained from either a professional organisation, an insurance companyassurance, a credit institution or the Caisse des Dépôts.

Attestation Template

The financial guarantee certificate must have mandatory information.

You can review a financial collateral attestation template.

Mandatory records

When you collect money from your customers, you need to:

• Maintain a record of all payments, also called "register-directory" and one register of mandates (paper or electronic format, to be kept for 10 years)
• Issue a receipt, (original given to the customer and copy kept in your receipt book)
• Put these funds in a dedicated bank account

Professional insurance called "SPC"(professional liability) is obligatory.

You must choose an insurer from the market and sign a PII insurance contract.

It protects you and compensates your customers in the event of damage.

The CPR insurance covers both personal injury, equipment or intangible.

1. You have to prepare your project recovery:
   
   • Why Choose Recovery Over company Creation
   • Determine your ability to do business, conduct a market study then build your business plan
   • Select the branch you will take over
2. After the preparation phase, you can discuss the milestones for company recovery.

For build your company of real estate agency, you must follow the next steps :

• Prepare your project: determine your capacity to undertake, conduct a market study then build your business plan
• Choose your status and legal form on your company
• Choose your company name
• Choose the individual business domiciliation of your, or house your business, and choose the type of goodwill
• Individual business Register your or your micro-company to RNE: titleContent and the SCR: titleContent or register your business, and obtain a Siren and Siret number
• Open a bank account called escrow account dedicated exclusively to collecting any funds related to your business

The professional real estate agent card is obligatory to exercise.

It is valid 3 years then renewable as many times as you like.

The card mentions the real estate activity(ies) you carry out: transactions, management, trustee, list merchant.

You must make the request to your CCI: titleContent.

Initial Request

Renewal

Your professional real estate agent card is valid for 3 years.

You must have followed the compulsory continuing training to have the right to renew it.

It is renewable as many times as you wish.

Your must complete the request 2 months before the expiry date of your card.

Real estate agent: request or renew your business card, make a prior declaration of activity

You send your request to the CCI: titleContent from the location of your agency.

Modification

You must declare to the CCI: titleContent from which you obtained your business card any change concerning the next points :

• Address of your company or your business (head office) or your main establishment
• Name or business name on your company
• Legal form of your company
• Identity of the legal or statutory representative(s)
• Identity of the guarantor of your financial guarantee
• Insurer for professional civil liability

These changes result in the issuance of a business card updated, valid for the remaining period to be covered.

Cost

Continuing education is obligatory for exercise the real estate agent trade.

You can renew your business card only if you have completed continuous training over the 3 years of past activities.

The duration training must be of minimum 42 hours over the 3 consecutive years of activity.

Continuing training must be in direct link to the activity real estate agent.

It has to be about following topics :

• Legal, economic, commercial issues
• Ethics (at least 2 hours over 3 years)
• Building, housing, city planning, energy transition techniques

The training organization you choose must be accredited.

Find real estate agent training

Display for your customers

You must display in visible by the clientele the following information :

• Your professional card
• Whether or not it is possible to collect fund
• Amount of your financial security, name and contact details of the guarantor
• Rates VAT of your services and their method of calculation with the price list (the displayed rates must be applied)
• Distribution of fees where the fee is charged to the purchaser

Where these prices are set in proportion to the value of the property sold or the amount of rent, the display shall indicate the picked percentages and corresponding price bands and all the elements to which these percentages relate.

Seek expert advice

You can request an opinion from the Directorate-General for Competition, Consumer Affairs and Fraud Prevention (DGCCRF) to see if your price and price display (or display project) is conforming the regulations in force.

The gait is done online by the following online service:

Ask the DGCCRF for advice on how you can inform the consumer about prices

You receive an answer in a time limit of 2 months from the date of receipt of the complete dossier.

Sales Ads

In case offees at the purchaser's expense, the following information must appear on the advertisement:

• Share TTC: titleContent fees as a percentage of the price excluding fees
• Fee included sales price must appear in 1^er location on listing
• Price excluding fees

In the case of fees to be borne exclusively by the seller, only the selling price excluding fees must be mentioned.

Rental Ads

All rental listings non-seasonal of a duration superior to 90 days shall mention the following information :

• Monthly rent charges included: primarily to potential tenants (on an advertising website, for example)
• Rental expenses and methods of recovery (provision, lump sum or refund on receipts)
• Rent supplement for municipalities subject to supervision: sum requested by the landlord according to the characteristics of the property (particular comfort)
• Amount of security deposit, limited to one month's rent excluding charges for naked rentals (without furniture) and two months' rent excluding charges for furnished accommodation
• Furnished character of the rental if so
• The total amount of fees the tenant must pay you
• Share of the fees due for the inventory, if you realize it
• Municipality of the rented property (gives information on the geographical area if it is very tense, tense or not), with the number of the arrondissement for some cities
• Rented living space, identical to that in the dwelling lease

You want develop your activity by opening a 2^me agency.

It is either a secondary school, of an establishment complementary if it is located in the same department as the main agency.

You have to do the prior declaration next opening date:

Opening of a secondary establishment: prior declaration of activity

We'll explain everything you need to know to complete the creation of a new facility.