"Brian, are real estate sales people in Indonesia required to be licensed?" - Mark
Mark, great question !! Thanks for asking this one.
In Indonesia, real estate salespeople are not required to hold a license in order to conduct a real estate transaction. Real estate salespeople represent either the buyer or the seller, but not both. Here is a link wihich explains a bit more about the Indonesia real estate scene
The usual commission on a residential real estate sale in Indonesia is 5%. For a commercial sale, the commission is generally 3%. The commission is paid by either the buyer or the seller but not both.
Business agreements between foreign and Indonesian real estate salespeople are made in writing.
The usual commission on a residential real estate sale in Indonesia is 5%. For a commercial sale, the commission is generally 3%. The commission is paid by either the buyer or the seller but not both.
Business agreements between foreign and Indonesian real estate salespeople are made in writing.
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