Real estate buying, selling and renting processes involve serious legal and financial responsibilities. In order to take safe and healthy steps in these processes, working with the right people is of great importance. At this point, corporate real estate offices authorized by the Ministry of Commerce provide great assurance for both buyers, sellers and tenants.
1. Only Authorized Institutions Can Act as Real Estate Agents
According to the Regulation on Real Estate Trade put into effect by the Ministry of Commerce, real estate brokerage activities in Turkey can only be carried out by businesses with an “Authorization Certificate”. Persons who do not have this document – unauthorized intermediaries known as “football realtors” among the public – cannot legally do this job.
Transactions carried out by these persons:
- Does not carry legal guarantees,
- Collection of commissions constitutes a crime,
- Verbal agreements are not considered valid,
- Legal protection cannot be provided if one of the parties is aggrieved.
It is forbidden for people without an authorization certificate to do real estate and there are penal sanctions. Therefore, it is very important to check whether the person or office you are transacting with has an authorization certificate.
2. Corporate Offices Provide Legal and Transparent Services
Corporate real estate offices are both registered with the Ministry of Commerce and carry out all transactions in a written and transparent manner. Contracts made, commission rates determined and services provided are carried out on a legal basis.
3. Trained and Supervised Consultants
Real estate consultants working in corporate offices have the necessary professional qualification documents. They have sector experience, legal knowledge and market analysis. The probability of providing misleading or incomplete information is low.
4. Professional Marketing and Extensive Portfolio
Corporate real estate companies highlight your listings on digital platforms and support them with professional photography, video and drone shots. At the same time, since their portfolios are extensive, the process of finding buyers/tenants is accelerated.
5. Customer-Focused, Ethical Approach
Corporate firms must protect their brand reputation. Therefore, they prioritize customer satisfaction, work in accordance with ethical rules, and conduct transactions impartially. They act with the principles of communication, confidentiality, and trust.
Result
Real estate transactions require seriousness. During this process, working only with corporate real estate offices approved by the Ministry of Commerce and with a certificate of authorization protects you from legal risks, fraud, and unconscious intermediaries. It is forbidden for “errand boys” or unauthorized persons to do real estate, and transactions made with such persons are both unlawful and risky.
If you want to be safe and protect your rights, prefer a corporate office with a certificate of authorization and make sure that your consultant operates on legal grounds.