Why sign a buyer mandate?

When viewing a property in Greece, an agent will ask you to fill out a special buyer’s agreement for specific properties, which in official terminology is usually called an “Agency Agreement” or “Opportunity Suggestion Order”. This form is approved by the Federation of Real Estate Agents of Greece (OMASE).

Why this form?

It serves security issues regarding the property and the people living in it. Remember that a real estate agent, while promoting a property, can theoretically show it to dozens of different people, with unknown intentions. In cases where the property is occupied, the sensitive personal data of the people living in it, as well as their safety, are at stake. It is therefore reasonable and logical to keep a detailed record of those who have visited the property in question. This mandate therefore applies nothing other than the well-known principle that we all observe for ourselves: we do not let strangers into our home.

No viewing without form

So it is very reasonable, especially in the case of residential properties, for the professional real estate agent to refuse to show you the property and reveal its exact location if you refuse to sign the relevant agreement. Put yourself in the owner’s shoes. How would you react if your agent reveals that he knows nothing about the man he has just brought to your home…? The Hellenic Federation of Real Estate Agents, after all, explicitly instructs professional real estate agents to strictly adhere to the signing of this document.

Confirms the brokerage agreement

In other words, it demonstrates the sincere intention of the signatory to use the services of the agent, to buy the specific property, provided that it meets the conditions he has set, and then to pay the specific fee to the professional for his mediation in the final conclusion of the purchase agreement. If you do not want to buy the house or the plot, you are not financially committed to anything.

An overview during your search for a house in Greece

By keeping these documents, you can easily see later which agents you worked with, which properties you viewed and what comments you made on the copies of the assignments.

An overview of all appointments and prices

At the same time, the agreements are a proof, both for the announced price and for the details of the real owners, but also for the main characteristics of the property that you have seen. This protects you from arbitrary price changes, usually after the fact and from non-existent excuses. For a careful buyer, all this is a way to verify the accuracy of the information he receives, but also as a result of the evaluation of the professionals he comes into contact with, so that he can easily choose the most correct one.

In addition, submitting these forms provides useful information on your part, so you can avoid seeing the same property twice from different professionals and not committing to them.

Finally, it provides useful information for the property owner. The number of appointments made, the respective dates, the price communicated to the interested parties, the people who visited the property are proven by this agreement.