Which law regulates real estate agents in the Republic of Cyprus?

1. The Sale of Land (Specific Performance) Law 81(I)/2011
2. The Real Estate Agents Law 71(I)/2010, as amended
3. The Immovable Property (Aliens) Law, Cap. 109
4. The AML Law 188(I)/2007

Which body keeps the register of real estate agents and issues their annual licences in Cyprus?

1. The Department of Lands and Surveys
2. The Cyprus Chamber of Commerce
3. The Real Estate Agents Registration Council
4. The District Administration of each town

To work legally as a real estate agent in Cyprus, what must you hold?

1. Entry in the Council's register and a valid annual licence
2. Only a company registered with the Registrar of Companies
3. Only membership of an agents' association
4. A Land Registry access account

Your registration with the Council was approved in 2024. Until when is your current annual licence valid?

1. Twelve months from the date it was issued
2. Until 31 December of the year it covers
3. Five years, like the registration
4. For life, as long as you pay the fee

Which of these people can register as a real estate agent in Cyprus, assuming they meet the education and character rules?

1. A Russian national with permanent residence in Limassol
2. A British citizen living in Paphos since 2015
3. A Portuguese citizen living in Larnaca
4. An Indian national holding a Cyprus work permit

An Egyptian national is married to a Cypriot citizen who lives in Nicosia. Can she register as an agent if she meets the other conditions?

1. No, only EU citizens can ever register
2. Only after ten years of residence
3. Only as an assistant, never as an agent
4. Yes, the spouse of a Cypriot citizen habitually resident in Cyprus is eligible

An EU citizen has a three-year degree in a relevant subject. What else does she need, on the education side, before she can register as an agent?

1. 12 months' practice in Cyprus as a registered assistant agent
2. Five years of sales experience anywhere in the EU
3. A Cypriot secondary school diploma
4. Nothing, the degree is enough

Which alternative to 'degree plus 12 months as an assistant' does the law accept for registration as an agent?

1. A two-year diploma in marketing
2. A relevant master's degree of at least one year
3. Three years as a developer's salesperson
4. A certificate from a private sales academy

What does the written exam set by the Council for new agents cover?

1. Negotiation and sales techniques
2. English language skills
3. Cypriot property law and town planning law
4. Mortgage maths only

What professional indemnity cover must an agent show to renew the annual licence?

1. EUR 50,000
2. EUR 100,000
3. EUR 500,000
4. EUR 200,000

An EU citizen applies to the Council as an individual agent. Add the application fee, the registration certificate fee and the first annual licence fee (October 2026 rates). What is the total, in EUR?

How much is the application fee for registering a real estate company with the Council (October 2026)?

1. EUR 200
2. EUR 100
3. EUR 350
4. EUR 250

What is the maximum criminal penalty for acting as a real estate agent without registration and licence in Cyprus?

1. A fine of up to EUR 500
2. Up to 12 months in prison, a fine of up to EUR 3,500, or both
3. Up to five years in prison
4. A written warning only

A seller and an agent never agreed on a fee. The agent introduces the buyer and the sale completes at EUR 420,000. What commission does the law set, in EUR (before VAT)?

A buyer signed a fee agreement with a man who is not registered with the Council. After the sale he sues for his fee. What happens?

1. He wins if the agreement was in writing
2. He gets half the fee
3. The agreement is invalid, so the fee cannot be enforced
4. He wins if he had a company registered in Cyprus

You sell a villa in Paphos for EUR 500,000 at a 4% commission. VAT on the fee is 19%. How much does the seller pay you in total, fee plus VAT, in EUR?

What was the usual agency commission in Cyprus in August 2026, and who normally paid it?

1. 1% to 2%, paid by the buyer
2. 2%, split between buyer and seller
3. 3% to 5% plus 19% VAT, normally paid by the seller
4. 6% including VAT, paid by the buyer

A resale completes at a declared value of EUR 350,000. The agent must pay the Council a levy of 2/10,000 of the declared value within 30 days. How much is the levy, in EUR?

Under Cypriot AML law, what must you do if a buyer's source of funds looks suspicious?

1. Report it to MOKAS, the financial intelligence unit, without telling the client
2. Ask the client to explain, then decide together
3. Tell the seller's lawyer and let them decide
4. Nothing, AML is the bank's job

Who supervises Cypriot estate agents' AML compliance today, and what change was proposed in early 2026?

1. The Central Bank, moving to the Council
2. The Land Registry, moving to MOKAS
3. CySEC, moving to the Bar Association
4. The Council, with a draft to move supervision of the whole real estate sector to the Tax Department

A talented Indian salesman with a valid work permit joins a Limassol agency. What role can he legally hold?

1. Licensed agent, once he passes the exam
2. Support roles only, such as marketing, administration or client services
3. Registered assistant agent
4. Any role, if the agency director signs for him

An agency wants to hire a non-EU marketing manager. Which body issues the work permit?

1. The Real Estate Agents Registration Council
2. The Department of Lands and Surveys
3. The Civil Registry and Migration Department
4. The Tax Department