Whether you are a Moroccan resident or a foreigner, using a real estate agency when buying property in Morocco is highly recommended. A professional agency ensures the legality of the transaction and helps protect you from unexpected issues.
Each country has its own real estate laws, and buying property is a significant investment that should be secured with the expertise of a real estate agent. Working with a real estate agency in Morocco benefits both buyers and sellers, but like any professional service, it comes with a cost.
Below is an overview of real estate agency fees in Morocco, also known as agent commissions.
What Do Real Estate Agency Fees Cover?
Real estate agent fees compensate the agent for facilitating the transaction between buyer and seller. For transparency, it’s helpful to understand exactly what these fees include.
The services provided by Moroccan real estate agents are similar to those in France and other countries:
- Property searches for buyers
- Buyer searches for sellers
- Property visits
- Agent travel expenses
- Negotiation assistance between parties
- Consulting services for buying, selling, or renting
- Drafting of contracts (sale or lease agreements)
- File preparation
- and more
How Much Are Real Estate Agency Fees in Marrakech?
Real estate agency fees in Morocco vary depending on the type of transaction concluded between the parties. For the sale of a property, the usual commission is 5% of the pre-tax sale price (or 6% including tax).
These 5% excluding tax (or 6% including tax) are equally shared between the seller and the buyer, meaning 2.5% of the pre-tax sale price (or 3% including tax) for each party.
For short- or long-term rentals, real estate agent fees vary depending on the lease duration. Generally, agency fees are as follows:
- For rentals of one year or more: The landlord and tenant each pay the equivalent of one month's rent (pre-tax amount), totaling two months' rent in agency fees.
- For rentals of six months: The agency fees amount to 50% of one month's rent.
- For rentals of three months: The fees are 25% of one month's rent.
In some cases, additional property management fees may apply if the landlord entrusts the agency with managing the rental. These fees typically represent 10% of the pre-tax rent amount.
When should real estate agency fees be paid in Morocco?
As in France, real estate agency fees in Morocco must be paid at the time of signing the sales or lease agreement.
