The maximum fees by law for any Colombian Real Estate Agent is:
• 3% for housing ( apartments, houses, urban lots, lofts) derived from sale price in the final deed.
• 5% for commercial property ( Warehouses, commercial stores, farms, plots of land, rural land) derived from sale price in the final deed.
You will notice these fees are roughly half of similar real estate commissions in the United States, Canada or Europe.
Following Colombian Business law, unless agreed otherwise, these agent´s commission fees should be paid by the Seller/Property Owner.
As a buyer, you won´t assume any additional agent fees, as the value of the commission is included in the final sales price as per the deed. If you are a buyer, check out the services we offer you during the buying process.