|23/06/2011 - Cracking down on all Pirate Estate Agents !!!
Cracking down on all Pirate Estate Agents who have Not a valid Estate Agents License in Cyprus.
Cracking down on all illegal Pirate Estate Agents who have Not an Official Real Estate Agents or License.
Estate Agents Law 71 (1) / 2010 : Any person who is practicing, either directly or indirectly, as an Åstate Ágent, without an OFFICIAL CYPRUS LICENSE , which is issued by the ʽRegistration Council of Real Estate Agentsʼ, (a semi Governmental Legal Body of public authority ) , is committing a CRIMINAL penal OFFENCE and in the event of his conviction by the Cyprus Law Courts, he is liable to be sentenced to go to PRISON up to 12 months, or to pay a fine not exceeding three thousand five hundred Euro or both such sentences imprisonment and fine. Unqualified illegal cowboy PIRATES who pretend to be Estate Agents are liable to GO TO PRISON !!!
It is a CRIMINAL OFFENCE for illegal cowboy PIRATES who pretend to be Estate Agents to ADVERTISE property for sale or purchase or for rent. Any person who does not hold an annual official Real Estate Agents License , commits a criminal offence if he advertises or promotes or suggest any property sale or purchase or any other transaction relating to immovable property, that at the relevant time was not register in his name or in the name of a blood marriage up to the second degree, or in name of a company of which he is a director or executive director.
The Licensed Real Estate Agent must display his Professional License in his office so that it can be inspected by all his clients. The Cyprus Government made this Law to PROTECT the property BUYERS from anyone who try to cheat them . DO NOT PAY COMMISSION to anyone unless you see his OFFICIAL REAL ESTATE AGENTS LICENSE and his Registration Number. Report all the cowboy illegal PIRATES to the : The Registration Council of Real Estate Agents is a semi Governmental Legal Body of public authority applying the relevant Estate Agents Law 71 (1) / 2010 , and it can sue in court anyone committing a criminal penal offense.
Tel : + 357 22666377, + 357 22518451
Fax: + 357 22518490