Is it possible to sell real estate in Turkey through the agency?
We will learn about the benefits of a real estate agency in Turkey, and the basic steps to appoint a person to represent you in the purchase or sale of real estate in Turkey, and in addition to the legal controls and procedures related to this matter, we will highlight Turkey's smooth and facilitating policy in property transfer procedures and its dependencies, and review the laws and regulations that guarantee the protection of investors' rights and ensure the safe and effective implementation of buying and selling operations.
Information about selling real estate in Turkey through the agency
In the Turkish real estate sector, many investors depend on the agency of other people to make purchases or sales in Turkey, and this is done by registering a legal agency for a person trusted by the investor to take over on his behalf all the acquisition or sale procedures and related procedures, in order to simplify the processes and procedures for each of the new owner or seller, as Turkey offers an easy and simplified policy in the procedures for transferring ownership and its subsidiary procedures, while guaranteeing the rights of the parties concerned and using an easy and uncomplicated mechanism.
Any natural or legal person in Turkey can be authorized to carry out real estate ownership transactions, sell, benefit from, or maintain them, or pay taxes related to them and related matters, by registering the power of attorney with the notary public, known in Turkey as the "Notre", it becomes possible to carry out official transactions on behalf of the other person, through this document (the power of attorney), which includes many terms of reference, instructions and restrictions that are specified in the agency.
Thus, the principal can buy or sell real estate or settle related matters in accordance with what is permitted by the registered agency and the laws in force in Turkey and the main attraction of this process lies in the ease and ease of making sure that all formal processes are done properly and under the appropriate legal arrangements
What are the conditions for selling real estate in Turkey through the agency?
Real estate agency operations in Turkey require a clear legal formula that defines the procedures permitted by the principal to the agent, and the laws specify some controls in this regard, such as preventing the implementation of the transfer of ownership to a person who is an agent for the seller and the buyer at the same time, a person wishing to appoint another person to carry out real estate agency operations can do so through a legal agency registered in one of the Turkish embassies or consulates in his country, or through the offices of a notary public if he wishes to implement the agency inside Turkey.
When a power of attorney is available issued by a notary public, it becomes possible to carry out official transactions on behalf of the other person to whom the power of attorney is granted and this document carries the possibility of carrying out many formal transactions, including the purchase, sale and rental of real estate and the Power of Attorney given to carry out title deeds transactions is also called a Power of Attorney for Title Deed and therefore, you must pay attention to some points related to the power of attorney before carrying out any operation, and among these points:
- It must be ensured that the power of attorney was issued by the authorities responsible for this, such as the notary public.
- The power of attorney must be issued according to the identity card or passport of the person concerned.
- The power of attorney must contain an explicit formula that deals with the issue of buying and selling real estate or disposing of a specific real estate, and the topics for which the power of attorney is granted to the person authorized must be specified.
These controls ensure the safety of operations and ensure that the power of attorney covers all procedures to be carried out on behalf of the principal.
Who are the categories that can be delegated to sell real estate in Turkey?
Turkish law allows others to easily carry out buying and selling procedures, whether they are real or legal persons, as for real persons, the principal can authorize his friends, partners, or close or distant relatives to carry out these procedures, as for legal persons, they are a group of persons who own an independent self-entity that aims to achieve a specific purpose, and this entity has a legal personality that applies to this purpose according to the law and under the law, a legal person has all the rights that a real person has; Except for what is related to the natural human capacity and it is worth noting that the seller and the buyer must be two different persons, as there must be two real or legal persons in the buying and selling process
What are the necessary papers when selling real estate in Turkey through the agency?
In order to sell real estate in Turkey through the agency, it is required to organize the official power of attorney, whether general or private, related to the sale process, through the notary public or what is known as the "notary" and this procedure requires the submission of some important documents as follows:
- In the case of power of attorney for real persons: The identity card or passport containing the Turkish ID number must be shown to the person who will provide the power of attorney for the title deed, as well as two recent passport photos taken within the past six months.
- In case of power of attorney for legal persons: The signature circular of the authorized person and birth certificate must be submitted, in addition to a signed document containing instructions from the authorized person.
Then the procedures for writing the agency are completed in the presence of the notary public, and it is authenticated and given an official number and copies of the power of attorney shall be delivered to the relevant persons, while a copy shall be kept in the records of the Notre and in cases where an official power of attorney issued outside Turkey is used, the official power of attorney must be translated into the language of the concerned country by an official translator.
The idea of buying real estate in Turkey has become popular among those interested in obtaining an ideal opportunity for housing or investment and take advantage of the appropriate real estate investment options in Istanbul to obtain a high return by communicating with our real estate consultants.
Do not forget that investing in real estate in Turkey is only a way to gain Turkish citizenship or real estate residencepermit that allows you to stay in the country legally and then acquire many of the privileges that a Turkish citizen gets.
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