A new consultant in Lisbon hears colleagues talk about "the AMI". Which body grants the AMI real estate mediation licence in Portugal?

1. The Tax and Customs Authority (AT)
2. The local council (Câmara Municipal) where the office is located
3. IMPIC, the public institute for public procurement, real estate and construction
4. AIMA, the agency for migration and asylum

Under Law 15/2013, who must hold the IMPIC mediation licence before real estate mediation can be carried out?

1. The mediation firm: a company or an individual trading in their own name (empresário em nome individual)
2. Every consultant who shows homes to clients
3. Only agencies with more than ten consultants
4. Only firms that sell to foreign buyers

You are setting up your own mediation firm in Porto. What minimum civil liability insurance does Law 15/2013 require?

1. EUR 50,000, or a bank guarantee of the same amount
2. EUR 150,000, or an equivalent financial guarantee
3. EUR 500,000 per office
4. No minimum: the amount is agreed with the insurer

A friend says you need a positive company balance sheet and a clean tax certificate to get an AMI licence. What are the legal conditions for the licence today?

1. Positive equity, a clean tax record and a university degree
2. A professional exam and two years of experience in an agency
3. Membership of a national real estate association
4. Commercial good standing (idoneidade comercial) and civil liability insurance or an equivalent guarantee

Which fees does IMPIC charge a mediation firm?

1. EUR 100 for the licence and EUR 265 for the annual regulation fee
2. EUR 265 for the licence and EUR 100 a year
3. EUR 1,000 for the licence, with no annual fee
4. A fee of 1% of the firm's yearly commissions

Your agency got its AMI licence in 2022. What must it do to keep it?

1. Renew the licence every five years with a new application
2. Every January, pay the annual fee and prove again that it still meets the requirements
3. Nothing: once granted, the licence cannot be cancelled
4. Pass an IMPIC audit every two years

For the yearly check, what does a licensed mediation company send IMPIC?

1. Its annual accounts and a list of every consultant
2. A tax clearance certificate and a social security certificate
3. A criminal record certificate for each legal representative, proof of valid insurance and the commercial registry code
4. A copy of every mediation contract signed in the year

You join a licensed agency as a consultant (técnico de mediação imobiliária). What do you need to work legally?

1. Your own AMI licence in your name
2. An IMPIC identity card issued after an exam
3. Nothing at all, not even a contract with the firm
4. No licence of your own, but an identification card issued by the firm, and a contract the firm keeps on file

A seller in Cascais agrees by phone to let your agency market her flat and says the paperwork can wait. What does Law 15/2013 say about the mediation contract?

1. A verbal agreement is enough if the fee is under 5%
2. It must be in writing, with the required elements, or it is void
3. It only needs to be written if the agency has exclusivity
4. It can be agreed by WhatsApp and signed at the CPCV

A signed mediation contract does not state how long it lasts. How long does it run?

1. Three months
2. One year
3. Six months
4. Until the property is sold, with no limit

Your agency wants to use one pre-printed mediation contract with all its sellers. What must happen before it is used?

1. It must first be validated by the consumer authority, the Direção-Geral do Consumidor
2. It must be registered at the land registry
3. It must be approved by a notary for each client
4. Nothing: standard forms are free to use

When is the agency's fee normally due on a sale?

1. When the property is first advertised
2. When the buyer pays the reservation fee
3. Only when the buyer gets the keys, whatever the contract says
4. When the deal is concluded or, if the contract says so, when the promissory contract (CPCV) is signed

Your agency has a mediation contract with the seller. The buyer offers to pay you a fee too if you get him a discount. What does Law 15/2013 say?

1. It is allowed if both fees are on one invoice
2. It is allowed if the buyer's fee is under 1%
3. The firm cannot be paid by both its client and the other party in the same deal
4. It is allowed if the seller is told afterwards

You sell a home for EUR 250,000 with a 5% agency fee. VAT in Portugal is 23%. How much does the seller pay in total, fee plus VAT?

A seller in Braga agrees a 4% fee plus VAT on a sale at EUR 420,000. What is the total invoice, VAT included?

Your agency charges 4% with a minimum fee of EUR 6,000 plus VAT. You sell a flat for EUR 120,000. How much does the seller pay, VAT at 23% included?

You let a flat in Lisbon at EUR 1,800 a month. Your agency charges the usual rental fee of one month's rent plus 23% VAT. What does the landlord pay?

Where must your agency show its name and AMI licence number?

1. Only on the mediation contract
2. Only on adverts for homes above EUR 500,000
3. Only on the office door
4. On every office, contract, advert and piece of correspondence

Under anti-money laundering Law 83/2017, which deals must a mediation firm report to IMPIC in its quarterly communications?

1. Every sale it handles, and every lease with a rent of EUR 2,500 or more a month
2. Only sales above EUR 1 million
3. Only deals paid in cash
4. Only sales to buyers living outside the EU

A Brazilian broker living in São Paulo wants to move to Portugal in 2026 to work for an agency. What changed with Law 61/2025, in force since 23 October 2025?

1. Non-EU nationals can now work in Portugal with no permit at all
2. He must obtain the right visa before travelling; entering as a visitor and regularising later through an expression of interest is no longer possible
3. He can enter as a tourist and apply to AIMA for a work permit within 90 days
4. Only IMPIC can authorise foreign brokers to work

A French consultant moves to Porto to join an agency. What does she need to live and work there?

1. A work visa from the Portuguese consulate in Paris
2. A residence permit from AIMA before her first day
3. Nothing to start working; after three months she registers her residence with the local council (Câmara Municipal)
4. An IMPIC licence in her own name

A Canadian buyer living in Toronto wants to buy a flat in Lisbon. What tax step must he take first?

1. Nothing: foreigners buy with their passport number only
2. Get a Portuguese tax number (NIF), appointing a tax representative because he lives outside the EU and EEA
3. Get a golden visa before any purchase
4. Open a company in Portugal, as individuals from outside the EU cannot buy