Property Finders
This definitive statement was made by the resident lawyer on Cyprus Living.
People who act as Introducers or Property Finders are not legally entitled to a fee or a commission as they are do not have a binding contract with the developer and they are not a legally recognised agent. In fact, if you try to say you are, you risk committing the offence of acting as an agent without a license, for which you could go to prison!
However, we all know that there are lots of “agents” earning commissions who are not licensed or regulated. The key lies in loopholes and not technically carrying on activities which are subject to licensing control, it is a case of “when is an estate agent not an estate agent”!
These people are paid a finders fee, not a commission by developers.
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