Realtor vs. Real Estate Agent in Greece – What’s the Difference?

When navigating the real estate market in Greece, many buyers and sellers often come across the terms Realtor and real estate agent. While these terms are sometimes used interchangeably, they refer to different roles in the property industry.

In this guide, we’ll clarify the differences between a Realtor and a real estate agent in Greece. Understanding these distinctions will help you make informed decisions when selecting the right professional to assist you with your property journey in Greece.

What is a Real Estate Agent in Greece?

A real estate agent in Greece is a licensed professional who assists buyers and sellers in real estate transactions. Their responsibilities include listing properties for sale, representing clients in negotiations, and guiding them through the buying or selling process.

Key Duties of a Real Estate Agent:

• Market Knowledge: Understands the local property market, including pricing, demand, and trends.

• Property Listings: Assists sellers in marketing their properties and finding buyers.

• Buyer Assistance: Helps buyers find properties that match their budget and needs.

• Negotiation: Facilitates negotiations between buyers and sellers.

• Legal and Documentation Support: Ensures proper paperwork, including contracts and title checks.

Licensing Requirements in Greece:

• A real estate agent in Greece must be licensed by the Greek Chamber of Commerce and adhere to national regulations.

• Agents must complete a training course and pass exams on Greek property laws and practices.

What is a Realtor in Greece?

A Realtor is a real estate agent who is a member of the National Association of Realtors (NAR) or a similar professional organization. While the term Realtor is more commonly associated with the U.S., it’s sometimes used in Greece as well.

Realtors in Greece have the same basic responsibilities as real estate agents but are bound by a strict code of ethics and professional standards set by their respective organizations.

Key Differences with Real Estate Agents:

• Membership in a Professional Association: Realtors are members of organizations like NAR or other real estate associations.

• Code of Ethics: Realtors adhere to a code of ethics that prioritizes customer satisfaction, transparency, and professional conduct.

• Network: Realtors often have a broader network of other Realtors globally, which can be beneficial for international buyers or sellers.

Key Differences Between a Realtor and a Real Estate Agent in Greece

Which One Should You Choose for Your Property Purchase in Greece?

While both Realtors and real estate agents are capable of assisting you with your property needs, choosing between the two depends on your specific goals.

When to Choose a Real Estate Agent:

• You are buying or selling locally in Greece and prefer working with someone with deep local knowledge.

• You are focused on finding the best property within a specific neighborhood or region.

• You don’t necessarily require the global network or extensive service options of a Realtor.

When to Choose a Realtor:

• You’re buying or selling internationally and want an agent with access to a global network.

• You prefer an agent who adheres to a high code of ethics and professional standards.

• You are looking for an agent who can offer specialized services and advice.

Both can help you successfully navigate the Greek property market, but Realtors often provide added benefits for international buyers due to their membership in larger networks.

FAQs: Realtor vs. Real Estate Agent in Greece

Is there a difference between a Realtor and a real estate agent in Greece?
Yes, while they both help you with property transactions, Realtors are members of professional associations like NAR and are bound by specific ethical standards, while real estate agents in Greece must be licensed and comply with Greek regulations.

Can a foreigner buy property through a Realtor in Greece?
Yes, foreigners can buy property through both real estate agents and Realtors in Greece. Realtors often have connections with international buyers and sellers, making the process easier for non-Greek nationals.

Are Realtors more expensive than real estate agents in Greece?
Generally, the commission fees for both Realtors and real estate agents are similar (around 2%–3% of the sale price). The main difference is that Realtors may offer additional services due to their professional network and code of ethics.

Realtor vs. Real Estate Agent—Which Is Right for You?

Choosing the right professional for your property purchase in Greece depends on your needs. If you want a local agent with deep knowledge of the Corfu or Greek market, a real estate agent is a great choice. However, if you’re seeking an agent with global connections, a high ethical standard, and access to a professional network, a Realtor may be the best option.

Start your journey with trusted experts in Greek real estate by visiting Chase Real Estate Corfu for more information.