How to Get a Real Estate License in Portugal

how to get a real estate license in portugal

Are you thinking about moving to Portugal and want to know how to get a real estate license? If so, read this article to learn how to get one and how much it will cost. Also learn how to find a real estate agent in Portugal. It is easier said than done, but with a bit of knowledge, you’ll be on your way to real estate success. After reading this article, you should be able to find a real estate agent in Portugal in no time.

Getting a real estate license in Portugal

The Portuguese real estate industry has grown to unprecedented proportions in recent years. While there are many legitimate companies, a large number of unscrupulous companies have set up shop, hiding behind European laws governing online advertising and refusing to pay taxes. For this reason, it is vital for licensed companies to carry Civil Responsibility Insurance, which protects both the buyer and seller during the sale. It is also important to obtain a license if you intend to work as a property agent.

It is necessary to be licensed in order to practice real estate brokerage in Portugal. Real estate agencies are required to employ real estate agents and a written contract must be signed between the agency and the agent. Real estate mediators must file a licensing application with the IMPIC, the agency that regulates the construction and real estate industry. To practice mediation, agents must be of good reputation and must carry civil liability insurance and financial guarantees.

Cost of a real estate license in Portugal

To get started in the real estate business in Portugal, you will need to obtain a personal fiscal number. These numbers are assigned automatically to your local bank account. While other countries do not require any credentials from real estate agents, Portugal does. Real estate agents must be licensed by the government. To earn a license in Portugal, you will have to meet a number of requirements. Here are some tips on how to get a real estate license in Portugal.

You must become a member of a professional association to sell property in Portugal. Real estate agents in Portugal should be registered with the government and display their license number. If possible, choose an estate agent who is a member of an international organization, as this gives you some additional protection. However, it is important to remember that not all estate agents are licensed in Portugal. Therefore, you should look for one that is certified by IMPIC.

Finding a real estate agent in Portugal

There are a few factors to consider when choosing a real estate agent in Portugal. A serious, professional company should be registered with the INCI, the Institute of Public, Real Estate and Construction Markets. Look for the INCI logo on the website and check whether the company is a member of an association of Portuguese estate agencies. The fee that the agent will charge is usually between three to six percent of the sale price. A small real estate agency will display houses from several agencies.

Another important factor to consider when choosing a real estate agent in Portugal is language. Portugal has many English-speaking agents, but if you don’t speak Portuguese, you can try looking online. The ERA website has quality search options in English and Portuguese. You can also try Era, which was founded in the US in the 1970s. ERA offers services for foreigners, but their website is not as comprehensive as Remax or ERA.