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BROKERAGE, LEGAL & APPRAISAL
 
Real Estate Brokers: in renting or purchasing a property in Israel, many buyers utilize the services of real estate brokers. Brokers in Israel are licensed by the state, and many are members of the professional organization MALDAN.
 
In Israel it is customary for a broker to represent both sides of a transaction, both buyer and seller, or owner and tenant. Commissions paid by each side, are 2% of the price plus VAT for purchase of property, and a fee equal to one month's rent plus VAT in the case of rentals. Both are one-time fees.
 
Lawyers: In executing commercial transactions, it is customary for each side to be represented by an attorney. Normally the owner's attorney prepares the contract document. 
Appraisers: in determining the value of the transaction to the buyer or the buyers' bank, it is necessary to hire a professional appraiser. Appraisers are also required in assessing and negotiating improvement taxes and other land taxes.













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