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Only estate agents who are members of the IPI/BIV may trade as self-employed estate agents: they are responsible for the sale, letting and management of your property.
The purchase, sale, letting, etc., of a property are transactions that are not usually undertaken lightly, property being for most of us the largest thing we possess.
An estate agent is a professional whose role is to carry out these transactions in your best interests. Thus he can:
As a result, you will definitely gain time and availability.
Since 1993, it has no longer been possible for absolutely anyone to trade as an estate agent.
This is because, under the royal decree of 6 September 1993 "protecting the professional title and exercise of the profession of estate agent", any person trading as an estate agent must first be a member of the IPI/BIV.
An estate agent is self-employed and carries out for third parties:
An estate agent is always a physical person (an agency or company is not authorised as such). But an estate agent can of course trade through an agency or company.
The protected activities are exclusively those carried out for third parties: this is because an estate agent is an intermediary. This means that people who manage their own property or carry out the above-mentioned activities for their own account are not subject to the regulations. Thus owners, property promoters, etc., that are not property intermediaries do not have to be members of the IPI/BIV.
Membership is obtained by complying with the strict diploma conditions (a minimum of three years' post-secondary studying - property, accountancy, law, economics, etc. - see the list of diplomas mentioned in article 5 of the royal decree of 6 September 1993) and/or professional experience acquired as an estate agent (see article 17 ¤¤ 7 & 8 of the framework law of 1 March 1976). A placement of at least one year must also be fulfilled.
An estate agent is obliged to comply with the rules of professional ethics (code of professional ethics approved by the royal decree of 28 September 2000).
Three particular obligations stand out from these rules:
The IPI/BIV sees that estate agents comply with all these obligations and may impose sanctions in the event of breaches (warning, reprimand, temporary suspension or striking off).
The IPI/BIV may act of its own accord or following a complaint (usually written).