Immolytics
Property market

Real estate agent

Licensed professional acting as intermediary in real estate transactions.

Full definition

A real estate agent is a professional licensed by the IPI (Professional Institute of Real Estate Agents) who acts as intermediary in sale or rental transactions. In Belgium, the profession is regulated: only IPI number holders may practice. The selling agent's commission is typically 3% of the sale price.

Related terms

Property valuation

Professional estimate of a property's market value by an accredited expert.

Sales agreement

Preliminary contract binding buyer and seller in a real estate transaction.

Purchase offer

Written proposal by which a prospective buyer commits to purchasing a property at a specified price.

Useful links

Property pricesNotary feesEstimation

FAQ

Licensed professional acting as intermediary in real estate transactions.