An “Occasional Broker” is an individual who acts as a broker in property transactions who:

• does not advertise his services in printed media, broadcasting media or on electronic media networks; and
• restricts his services to occasional transactions not being more than two (2) transactions involving the acquisition, transfer or lease of land during each calendar year; and where the total value of the land so acquired, transferred or leased in such transactions does not exceed one million euro (€1,000,000), or any other amount whether less or more than one million euro (€1,000,000) as may be established by the Minister by regulations issued under this Act; and
• does not employ or contract other persons in the conduct of his business;

No, an occasional broker does not require a license. However, prior to ones’ involvement whatsoever in any transaction, still needsto request approval from the Property Market Agency prior to the commencement of any activity.

They must inform the Agency of the intention to carry out such occasional activity and provide any other information which the Agency may require. 

The Property Market Agency requires: a valid identification document (ID Card or Residence Card) from the applicant that shows and reflects the Identification number, name, surname and current address of the applicant.

An Occasional Broker must also provide the Property Market Agency with information on the number and value of transactions on an annual basis and/or on an ad hoc basis as the Property Market Agency may deem necessary

The registration to act as an Occasional Broker is valid for one (1) calendar year.

Yes.