Roles of professionals and services in the real estate market

• Author: Hristova, Nataliya
• Pages: 27-29

Consum er mar ket stud y on the fun ctio ning of the r eal estate servi ces for consum ers in the EU – Coun try FicheBulgaria

27

3.Roles ofprofessionals and serv ices in t he real estat e mar ket

Ta ble 7 : Ro le of pr ofe ssiona ls in th e r ea l e sta te m ar ke t

Est ate age nt

Pr ope rty

valuator5

Law ye r

Notary

Ba nk

Lice nce d

conveyancer

Te chnica l e xper t

( archit ect ,

en gin eer,

su rv eyo r)

Ot her

re lev an t

professional

Main fun ction:

doe s th e

pr ofession al

ty pically work

indep enden tly

or as p art of a

firm or anot her

organisation?

Firm or

independently

Firm or

independently

Firm or

independently

Independently

N/ A

Not kn own on

Bul garian real

est ate m ark et

Firm

-

Sale

As a bove

As a bove

As a bove

As a bove

-

-

Occasional

-

Purchase

As a bove

As a bove

As a bove

As a bove

-

-

Occasional

-

Letting

As a bove

Occasional

As a bove

As above

-

-

-

-

Renting

As a bove

Occasional

As a bove

As a bove

-

-

-

-

Ext ent of

eng agem ent ( at

wh ich p oint (s)

doe s each

pr ofession al

interv ene in the

process?)

First point for

contact

Prelim inary –

bef ore offeri ng

th e pr operty

on t he m arket

and ju st

bef ore

contract

When draf ting

th e de al

When signing

con tra cts i n

nota rial for m

-

-

Occasion al i f

needed before

sig ning a co ntr act

-

Sale

As a bove

As a bove

As a bove

As a bove

-

-

As a bove

-

Purchase

As a bove

As a bove

As a bove

As a bove

-

-

As a bove

-

Letting

As a bove

As a bove

As a bove

Usually not

involved

-

-

-

-

Renting

As a bove

-

As a bove

Usually not

involved

-

-

-

-

5I n som e EU co unt ries, th e rea l est ate prop ert y v aluat ors are r egul ated as a pro fessio n th at is sep arat e fr om estat e ag ents (e. g. H ungar y, Lith uania , Lat via ); the ir s ervi ces m ight be oblig ator y,

espe cially wh en t akin g m ort gage loans .