In order for legal persons to provide real estate services in the Republic of Cyprus, they need to register at the Register of Real Estates Agents and obtain a licence from the Council of the Real Estate Agents.
The term “Real Estate Agent” refers to a natural or legal person whose occupation is to act as an intermediary for a land transaction for a fee. In parallel, Real Estate transaction refers to every transaction for the conclusion of an agreement for the sale, purchase, exchange or leasing of immovable property for a period exceeding one month, including assigning the property with valuable consideration or through the transfer of company shares.
The licence to practise as a Real Estate Agent can be granted both to natural persons and to legal entities.
Every legal person is eligible to register to the Register of Real Estate Agents, if the Council of Real Estate Agents is satisfied that it: