Real estate search mandate: what are you committed to?
In particularly tense areas like Paris, this is a wise decision. Before signing definitively with a hunter, discover all the key points of this contractual document, its advantages and the obligations it implies for the professional as well as for you. Find the property of your dreams with peace of mind!
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The real estate search mandate: what is it?
Definition
The real estate research mandate is a contract through which you entrust to a real estate transaction professional (often a Real estate hunter) the search for a property according to your criteria. This type of contract is governed by the Hoguet and Alur laws. The research mandate requires that the authorized professional hold a professional real estate transaction card, but also that the fees be paid only in case of success of the search, i.e. after the notarial act of purchase. Administrative fees are prohibited by law.
How it works
One research mandate includes a range of services, from the signing of the mandate to the signing of the authentic act at the notary. It is divided into 4 key steps:
- research;
- the organization of visits;
- the negotiation of the property and the price offer;
- the security of your purchase.
The different types of real estate search mandates
There are several types of research mandates depending on the level of involvement you want to have in parallel with the work of your real estate hunter:
- Exclusive research mandate : it is the most common. The hunter carries out the search for the property alone, as well as the organization of visits. Even if you identify an asset by yourself, you need to give it the information so that it can take over.
- Simple search mandate : you can search by yourself in parallel, or even mandate other professionals (hunters or real estate agents).
The advantages of the research mandate
The research mandate offers multiple advantages to make your acquisition project a reality:
- Time saver : save hours of research and avoid unnecessary visits.
- Effectiveness : in tense areas, the hunter will position himself on goods as soon as they are available, or even on off-market properties to avoid competition.
- Expertise : the real estate expert in charge of your research mandate defends your interests only and will not let great opportunities pass you by.
The obligations of the real estate hunter with the search mandate
The Apartment hunter With whom you sign a research mandate meets an obligation of means, and not an obligation of result. He is only required to show you real estate that meets your criteria. However, it must respect a duty to provide information and advice : after a visit, he must draw up reports allowing you to make an informed decision. Thus, if “clear view” was one of your criteria and you bought a property in front of which a 10-storey building is built, it is possible to turn against its Real estate hunter : in fact, the latter should have validated with the urban planning services that no building permit was filed at the time of signing.
Your obligations with the real estate search mandate
The real estate research mandate is a contract, which means that it is binding on each of the parties. Here are your obligations:
- Payment of fees : if the real estate hunter finds the property of your dreams following the search mandate, you are required to pay the fees provided for in the mandate on the day the authentic act is signed.
- Right of suite : if you buy a property presented during the search mandate after expiry or termination of the search mandate, you are still obliged to pay the fees. This clause protects the real estate hunter against malicious customers who would try to evade their payment obligations.
- Exclusivity : as part of an exclusive search mandate, you must pay the fees of the real estate hunter, even if you have found the property by yourself.
- Responsiveness and availability : the real estate hunter will expect you to be responsive, available and transparent about your research and your financial situation.
So, the research mandate is a contract that involves obligations for the hunter as well as for his customers. The advantage is that you do not have to pay anything if the authorized professional does not find you property! If you are looking for a Real estate hunter in Paris, contact the real estate hunters Tell me about Paris and finally find the property of your dreams!
Learn more:
- Luxury real estate in Paris : a sector that is not experiencing the crisis
- What are the consequences of teleworking on real estate ?
- Les new players in real estate : who are they?
After several months of research (in a very targeted neighborhood), I decided to call on Talk to me about Paris to get out of this spiral of visits that were not successful. An investment that proved to be very effective since I made an offer at the end of the 5th visit.
Great experience with Talk to me about Paris. Patrick is a professional who accompanies his clients very well in the search for their future place to live. Very attentive, he creates a favourable environment that encourages exchanges with the various stakeholders.
The agency was able to perfectly identify our needs and found us the apartment that ticked all the boxes in a few days and at first glance when we had been looking for several months. Beyond efficiency: professionalism, expertise, availability and a lot of people.
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