| Decision 518/2011 | |
|---|---|
| File (PDF) | Decision 518/2011 |
| Date of Issuance of Decision | March 23rd, 2011 |
| Government Gazette Issue No | |
| Relevant Market |
Real Estate Agency Services |
| Subject of the Decision |
Cartel |
| Legal Framework |
Article 1 of L. 3959/2011 |
| Operative part of the Decision |
Finding an infringement |
| Complainant(s) |
Ex-officio investigation |
| Respondent(s) |
|
| Summary of Decision |
The Plenary Session of the HCC in its Decision no. 518/VI/2011, following an ex-officio investigation of the Directorate-General for Competition in the market for real estate agency services, found that the Associations of Real Estate Agencies of: a) Athens-Attika, b) the Prefecture of First Instance Court in Thessaloniki, c) Southeast Europe and d) the Prefecture of Chania, violated article 1 par. 1 of former L. 703/1977 and article 101 par. 1 of TFEU. According the Decision, the above mentioned Associations of Real Estate Agencies had proceeded, to the detriment of consumers, in direct or indirect fixing of minimum fees/commission, stating explicitly in their Statutes or in other documents, the percentage of 2% on the value of the property, as a minimum fee/commission for the provision of real estate services, or with recommendations and instructions to their members for consolidation of a practice claiming 2% as a minimum fee for the provision of real estate services or/and with the prohibition of advertising of a reduced (less than 2%) or zero fee/commission. |
| Judicial Means | Appeal. |
| Decisions by the Court of Appeal of Athens (Administrative Division) | ACAA 2821/2013, ACAA ACAA 502/2013 |
