Selling a Property in France: Bon de Visite

There are often phrases, documents and contracts that confuse the vendor in France. Here are some that cause concern... Guillaume Barlet explains in this extract ...

Exclusivity
The mandat may include an exclusivity clause which must clearly appear in the agreement. Exclusivity forbids the client to deal with another professional to sell the property or to sell it himself, failing which compensation (usually equal to the amount of the commission) would be payable to the agent. If the agent agrees to it, the exclusivity clause can be modified to allow the sale by the vendor himself but not through another professional.

Bon de visite
A potential buyer who has visited a property may have to sign a bon de visite to acknowledge said visit. This document is not an agreement and can be safely signed by a buyer. Although a bon de visite is useful to the agent to prove his involvement, it does not replace a mandat and as such, on its own, cannot entitle the agent to any payment.

Click for full article

Posted via email from FRANCE facts about