The real estate mediation contract serves to regulate and mediate the relationship between a consumer and a real estate transaction mediator.

It's like regulating a property correction act. It applies when a client seeks professional assistance to sell, buy or lease a property.

Thus, the contract contains the details of the relationship and all applicable rules established by law and by the parties (where they have the freedom to do so).

Therefore, it is a contract that involves a real estate transaction. Whether you want to buy or sell a property, rent it to third parties or yourself, it is quite interesting.

The CMI serves to protect the parties involved in the relationship (consumer and intermediary). Also, to clarify rules and details that apply there.

In this way, it formalizes a service provision relationship. The intermediary must be certified by the regulatory authority, while the consumer must only be of legal age.

There are several details that are established in a contract like this. And this is natural, as he is the one who formalizes the rules and details that permeate the relationship.

Firstly, a real estate contract establishes the objective of the relationship. That is, from the contract itself.

In this case, the CMI may establish that the mediator will assist the contractor in:

Therefore, it determines why the relationship was established, according to what the consumer is looking for.

Furthermore, it is possible that the contract expressly provides information about details that the client is looking for in the property they want. Or, alternatively, the minimum value for sale.

The duration of the CMI contract is also important. He can establish, for example, that if the contract is not fulfilled within X amount of time, it will be terminated. 

Exclusivity is an important point of the real estate mediation contract. It determines, for example, whether only one mediator can try to sell the property or whether others will participate.

This is important, because if exclusivity is established and this rule is not complied with, the contract may be broken for just reason or generate compensation.

Furthermore, it is important to remember that the real estate mediation contract is still commercial in nature. It establishes a service provision relationship between the mediator and the client.

Therefore, it is also costly. Therefore, the mediator must receive fees for the services provided. They are determined in the contract by the commission.

The commission indicates what percentage of the transaction value will be paid to the broker. For example, if it is a sale, X% of the value of the property will be paid to him.

There are several data that are essential in the CMI. They determine important questions about the relationship. Check out the main ones among them:

The real estate contract is an important part of purchasing a property, but it is not the only one. Therefore, see other essential precautions to make a good deal.

Before signing the real estate contract, determine the average value of the property and the attributes it should have. For example, region, number of rooms, details, etc.

Still, be realistic. There is no point in establishing an X value for a property with a 2X standard. So, do some research.

The most common thing is that the purchase of a property takes place through real estate financing. Real estate credit is quite comprehensive and can help you achieve this dream.

However, it is important that you have at least part of the value of the property when making the purchase and financing.

Ideally, the down payment corresponds to 20% of the total value of the property. This not only increases the chances of finding good financing, but also lower rates.

Before signing a real estate mediation contract, seek help from a professional who has experience in the market and understands your needs.

To do this, you can seek recommendations online, as well as from friends and family. After all, the mediator’s services will make all the difference in the success of your venture.

It is common for contracts to contain specific terms that are difficult to understand. Therefore, reading alone may not be enough.

Before signing the document, a good idea is to ask a lawyer you trust to review it. With this, you guarantee that you know what you are signing up for!

Finally, if you are looking for Housing Credit, see BNI Credit below!