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Real estate in Turkey | Property in Turkey | Turkish estate agents - YouTube
Channel: Life and Real Estate in Turkey
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Hello and welcome to all guests and
subscribers of the most informative
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channel about Life and Real Estate in Turkey,
brought to you by the company Tolerance.
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Today, I will be speaking about a very important
topic: Real Estate in Turkey, Real Estate Agencies
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in Turkey and Turkish Realtors.
What should you as a customer know
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before starting to look at Turkish Real
Estate? What should you pay attention to?
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How can you avoid making the wrong choice?
How do you pick the best suited realtor?
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What qualifications must their real estate
agency have in order to be able to assist you?
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After watching this video, you will
know all the answers to these questions,
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and your chances of coming across
unprofessionalism and scams in Turkey
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will be significantly lowered.
I am Sergiy Volchenkov,
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the development director of Turkey’s
leading real estate agency Tolerance.
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All the important information
will follow suit, stay tuned!
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Today, I want to tell you all about how the real
estate market works in Turkey, who is involved
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in real estate sales and exactly how they do it.
To be completely honest,
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at the moment almost everyone is somehow
involved in the housing market.
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Unfortunately, up until now, the government has
not been regulating this market, which allowed
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practically anybody to sell real estate here.
You did not need to have an office or complete
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any courses, and a business without any
initial capital costs attracted many.
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This is the reason why there are so many real
estate agents in Turkey, with the majority of them
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not having an office, a team, any past experience
or any goals for growth in the future besides
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their one objective of making a quick buck while
disregarding any moral principles and norms.
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All the way back in 2006, prior
to starting a job as a realtor,
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I made sure to attend the dedicated
realtor courses provided by the government,
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because I understood the future responsibility for
my work, especially when it came to real estate
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sales and large sums of money involved.
These courses taught me a lot and gave me
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all the fundamental knowledge
about how this market works,
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how to carry out the legal side of
things and how to protect my client.
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The certificate of completion of these courses
still has a special spot at my work desk.
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This was followed by years of work
and active involvement in the field
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which taught me even more than the theorical
classes ever could. I have been put in a variety
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of different situations in my career and this
gave me heaps of practical knowledge – something
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valued very highly in this field.
Nowadays, I am horrified at what
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is happening with the market. So many
exploitative firms and people are actively
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selling real estate by luring in gullible
customers and scamming them out of money.
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I could write a whole book with the number of
unpleasant stories I have heard about this.
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There have been many instances where people chose
the wrong real estate developer or trusted their
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unexperienced friend or acquaintance with
the purchase and lost all of their money.
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One of such stories happened to a
person I have known for a long time.
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They chose the wrong real estate agent and
carelessly signed the presented documents,
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which then gave the agency the power of attorney
to dictate who gets to rent those flats. Now
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this person can not even evict those people, let
alone gain any sort of profit from the renting.
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Even I, after years of hearing these
stories, was shocked at this one. I did
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not realise how bad the situation has gotten.
The country is now full of small agencies without
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licenses or experience, and now even private
sellers are in on the scam, hoping to make a
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quick profit, without any knowledge about the
Turkish housing market, required documentation
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or the fundamental legal aspects of this.
Despite this, I have some good news for you.
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Now, the government is finally
beginning to regulate this market,
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preventing some of these scammers from
being able to carry out their deals.
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Provisions of the new law on selling real estate
and properties in Turkey are establishing new
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requirements for existing realtors and
those wishing to work in real estate.
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A bit later on I will tell you more about
this law, but for now, I would like to show
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you a list of all the required qualifications
your real estate agency must present to you.
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So, which qualifications are these? I will
use Tolerance’s documentation as an example.
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Tax registration certificate,
or Vergi Levhası in Turkish.
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It is a document confirming that Tolerance
is a registered taxpayer in Turkey,
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allowing the company to carry out commercial
activities all throughout the country. It is a
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document any legitimate commercial company
or organisation must have in Turkey.
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A certificate proving registration of
the real estate company at the Chamber
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of Commerce and Industry in Turkey. It Turkish
this document is called Oda Sicil Kayıt Sureti.
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This document proves that Tolerance is registered
in the real estate section of the Chamber of
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Commerce and Industry in Antalya and that it is
authorized to carry out commercial activities,
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purchase and sell property to both citizens of
Turkey and citizens of foreign countries, as well
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as provide additional services and make contracts
with property developers and other contractors.
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A document proving active involvement in
commercial operations, or Faaliyet Belgesi.
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It is an important document that proves that
Tolerance is actively carrying out commercial
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activities in Turkey. In our case, it verifies
that Tolerance operates as real estate agency
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and is qualified to provide assistance in
any case, however difficult it may be.
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A municipal license for carrying
out real estate activities.
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This license issued by the municipal district
of Konyaalti in Antalya confirms that Tolerance
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is an official real estate company and is
legally qualified to work and draw real
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estate contracts with citizens of Turkey as well
as foreign citizens and any legal entities.
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So, that is it for the main documents that allow
any company (not only in real estate) to operate
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legally within the Republic of Turkey.
Moving on, I will tell you which documents
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your individual realtor must be able to
present to you as a specialist in the field.
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According to the provisions of the
new legislation N31274 from October 14
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2020 on trading real estate in Turkey:
Your realtor must have a certificate
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called Mesleki Yeterlilik Belgesi or a
Certificate of Professional Competence.
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This document looks as follows and confirms
that your realtor has completed their courses
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and passed examinations that qualify
them to work as a realtor in Turkey.
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The second important document must be issued to
their agency as a whole, and it is a permit to
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buy and sell real estate property in Turkey.
It is called Taşınmaz Ticareti Yetki Belgesi
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and it is issued by the Ministry of Trade,
and without it, any real estate operations
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are deemed illegal. Pay close attention to this
document, because it is the most important of
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all and is a must for your agency.
This document proves Tolerance’s
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authorization to deal with any real
estate property on Turkish territory.
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If your realtor can present you this document,
it means they have successfully passed all
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government checks and their operations, and
their agency abide by the new legislations.
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This means they are a certified professional and
you can trust them with your property purchase.
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In the case that they do not have this
certificate on hand, it is a big cause of concern
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and it is not recommended that you get
involved in any business operations with them
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or their firm. If you decide to
do so, it is at your own risk.
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Okay, that was a list of all the important
documents any legitimate real estate agency
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must have. What else should you look out
for before you carry out your purchase?
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You absolutely must check if the real estate
agency you are interested in has physical offices
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and employees in Turkey, that will not only
help you at the purchase stage, but also assist
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you in settling in when you move to Turkey.
Check how long the agency has been operating for
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and if it has any reviews. If they do, it is best
to read through their older reviews, for example
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from people who have purchased property 10 years
ago, like these reviews from Tolerance’s clients!
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Trust me, the quality of the company’s services
will become apparent in 10 years’ time.
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If your agency does their job well, it’s
clients will not only be recommending it
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immediately after their purchase,
but also years and years later!
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And last, but definitely not least:
always check if your real estate agency
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operates with the “no hidden costs” policy,
which can help you save thousands of euros.
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If your chosen agency has all of these, you can
trust it to assist you with your real estate
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purchase in a foreign country and rest
assured that they will do a good job,
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be open, transparent, professional and safe.
This was Sergiy Volchenckov, the development
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director of Turkey’s leading
real estate agency Tolerance.
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If you are interested to see what properties
are available for purchase through our agency,
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please follow the link displayed
on your screen just now.
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Subscribe to our channel and ask any questions
in the comments in order to always have up to
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date information about moving, living
and purchasing property in Turkey.
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