Real Estate Agent/Broker

Real Estate Brokers play a vital role in facilitating property transactions and providing valuable services to both buyers and sellers. Their primary responsibility is to act as intermediaries between property owners and potential buyers or tenants.

Real Estate Agents typically works under the supervision of a broker and handles more hands-on tasks like showing properties, negotiating deals, and guiding clients through the buying or renting process.

Legalities of a Real Estate Agent / Broker

Real estate brokers are regulated under several key laws and regulations. These laws cover aspects related to property transactions, business licensing, and compliance with national regulations.                                                                 

  • Brokers are required to obtain a SIU-P4 (Surat Izin Usaha Perusahaan Perantara Perdagangan), an operational licence specifically required for real estate brokers in Indonesia.
  • Real estate agents typically require a Property Trade Intermediary Competency Certificate (Sertifikat Kompetensi Perantara Perdagangan Properti) to verify their qualifications in property brokerage. This certification ensures that agents meet industry standards and legal requirements. It is issued by Lembaga Sertifikasi Profesi (LSP) in collaboration with the Indonesian Real Estate Broker Association (AREBI), which provides the necessary training. After completing the training and passing an exam, agents can legally operate under a SIU-P4 license.

Commision Rates

AREBI (Asosiasi Real Estate Broker Indonesia, which translates to the Real Estate Broker Association of Indonesia) is an organisation that represents and regulates real estate agents in Indonesia. It plays a significant role in establishing standards and promoting professionalism within the real estate industry. AREBI aims to uphold ethical practices, provide training and development opportunities for its members, and contribute to the growth and transparency of the property market in Indonesia.

As stated by AREBI, the maximum commission for sales is 5%, and for leases, it is 10%.

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