Property Assignment Agreement (Listing Agreement)

If you want to find the zone price of your property, the process is quite simple. Here are the steps you need to follow:

• 1. Visit the property valuation system at valuemaps.com.gr.
  2. Enter your property’s address using Greek characters in the designated box at the top left.
  3. Select the suggested result that matches your address.
  4. Click on the map to display a box indicating the zone price of your property.
• By following these steps, you will be able to easily find the zone price for your property.

1. Definition

The Property Assignment Agreement (also known as a Listing Agreement) is the formal contract signed between the property owner and the real estate agency (or licensed broker).
Through this agreement, the owner officially authorizes the agent to promote, advertise, and present the property with the purpose of finding a suitable buyer or tenant.

This document establishes the legal and professional framework of the cooperation and defines the terms, duration, rights, and obligations of both parties during the brokerage activity.

2. Types of Listing Agreements

🔹 Exclusive Listing Agreement

The property owner assigns the promotion and marketing of the property exclusively to a specific real estate agency.
During the validity of the agreement, the owner cannot market or sell the property independently or through other agents.

An exclusive listing typically ensures a higher level of commitment and marketing investment from the agency.

🔹 Open (Non-Exclusive) Listing Agreement

The owner retains the right to promote or sell the property independently or through other agencies as well.
In this case, the broker is entitled to a commission only if the transaction is completed with a client introduced by that broker.

3. Duration of the Agreement

The agreement has a specific validity period, explicitly stated in the contract — typically between 3 and 6 months.
It can be renewed, terminated, or extended by mutual consent or upon written notice.

4. Obligations of the Parties

Real Estate Agency’s Obligations

• Advertise and promote the property through suitable channels (e.g., websites, print media, partner networks).

• Keep the owner informed about the progress of the promotion.

• Arrange and conduct property viewings with potential buyers or tenants.

• Maintain confidentiality and comply with professional ethics.

• Perform preliminary checks or provide guidance on legal and technical documentation required for sale or lease.

Owner’s Obligations

• Provide accurate and truthful information about the property.

• Supply the necessary documents (e.g., title deed, ENFIA certificate, energy performance certificate).

• Cooperate during property showings.

• Pay the agreed brokerage fee upon successful completion of a sale or lease with a client introduced by the agency.

5. Legal Framework

Real estate brokerage activity in Greece is governed by:

• Law 4072/2012, Articles 197–204 (defining the conditions for practicing the profession).

• The Code of Ethics for Real Estate Agents.

• The relevant provisions of the Greek Civil Code (Articles 713 ff.) concerning agency agreements.

It is noted that the brokerage fee is determined by mutual agreement and is explicitly stated in the Property Assignment Agreement.