the commission of real estate agents in Belgium
Discover how real estate agency commissions are calculated and how to negotiate them in Belgium.
How are real estate agency fees set and calculated?
Agencies freely set their fees, generally between 2% and 5% excluding VAT of the sale price. These fees are specified in the sales mandate and cannot be exceeded. They are most often the responsibility of the seller and are only payable in case of success, at the time of signing the notarial deed.
How to negotiate your real estate agent's commission?
The commissions being contractual, it is quite possible to negotiate them before signing the mandate. Compare several agencies and assess the value for money of the services offered. Granting an exclusive mandate may also encourage the agent to reduce their fees.
Best practices to reduce agency fees without compromising the sale
Request quotes from multiple agencies and check the transparency of the included services. Prefer motivated and experienced professionals. Beware of excessively long exclusive mandates: they guarantee a commission but can slow down the sale if the agent is not efficient.
