Are you familiar with the term PSRA Property Services Agreement? If you are involved in the real estate industry, whether as a buyer, seller, or real estate agent, this agreement is something you need to be aware of. In this article, we will explain what the PSRA Property Services Agreement is and why it’s important.

The PSRA Property Services Agreement is a contract that is required by the Property Services Regulatory Authority (PSRA) for all licensed real estate agents in Ireland. The agreement outlines the terms and conditions of the relationship between the real estate agent and their client. It also outlines the services that the real estate agent will provide to their client.

The main purpose of the PSRA Property Services Agreement is to protect both the client and the real estate agent. By signing this agreement, the client is assured that they will receive the services they require, and the real estate agent is assured that they will be compensated for their services.

Here are some of the key features of the PSRA Property Services Agreement:

1. Protection for the client: The agreement guarantees that the real estate agent will provide the services that they have agreed to, and that the client will receive fair and transparent treatment throughout the process.

2. Fair compensation: The agreement outlines the fees and commissions that the real estate agent will receive for their services. This ensures that the client knows what they will be paying and that the real estate agent is compensated fairly for their work.

3. Scope of services: The agreement outlines the specific services that the real estate agent will provide. This includes things like property valuations, property viewings, and negotiations between buyers and sellers.

4. Duration of the agreement: The PSRA Property Services Agreement is typically valid for six months. This means that the client and the real estate agent must complete the transaction within this period.

In conclusion, the PSRA Property Services Agreement is an important contract that is required for all licensed real estate agents in Ireland. It provides protection for both the client and the real estate agent and outlines the terms and conditions of the relationship between the two. If you are buying or selling property in Ireland, make sure that your real estate agent provides you with a PSRA Property Services Agreement.