No.  Any agent or broker can register to promote their properties online at Cryptoprop.co.  You can choose to become a Certified Cryptoprop Agent (CCA) if you want to learn about crypto real estate transactions and be featured as a certified agent for any property you represent.  

Bottom line… more options, greater opportunity, more transactions.

Promoting your clients’ home or property for bitcoin or other cryptocurrency helps you access more possible buyers and creates new market opportunities to sell.

Cryptocurrencies offer native technological advantages over legacy infrastructure for the settlement of funds. Blockchains offer fast and final settlement where proof of funds is verified quickly and easily on a public ledger, with greater transparency and ease. The decentralized nature of these payments methods can also reduce wire fraud and due diligence costs. USD-denominated stablecoins (USDC, USDT, etc) allow sellers to benefit from this technology without exposure to the volatility and risk profile of many crypto assets.

At the end of the day, it broadens your market options. Early adopters of cryptocurrency are looking to diversify their holdings, and real estate is a prime investment category for this globally.

Publish your property listings on Cryptoprop to receive leads from buyers interested in using bitcoin to purchase real estate. 

See agent cryptoprop packages here.

Your sellers can sign up for a free plan or pay to get featured exposure for their property, but we recommend individual sellers work with their local knowledgeable real estate agent or  Cryptoprop Real Estate Professionals to not only help promote the property, but also lead the negotiation and closing process.  Your experience and foresight will greatly reduce unnecessary risk and help make the entire process even more efficient for all parties involved in a crypto real estate transaction.

Yes, you can promote and help sell your listings  for 100% cryptocurrency.  In many cases the buyer will establish the crypto currency they are willing to pay in; however, you can help your seller decide how to receive payment, in BTC, ETH, or any other cryptocurrency.

Keep in mind that your seller client may have to consider exchange costs during the negotiations if they want to receive a cryptocurrency different than the one the buyer is offering. 

Also, your sellers may have other associated costs which may or may not be paid with cryptocurrency, including but not limited to local taxes, bank or financial costs to free the property of any mortgages or liens, escrow fees or legal fees. And, of course, there’s your agent commission…

You can help your clients buy or sell property for any currency or combination of stored value assets they choose.

Like other transactions, you will need to educate and help your clients understand the various payment methods and the ways you and your clients are willing to make and receive payment. 

If the buyer’s payment is different than the crypto or other currency your listing owners is willing to receive, you can program an exchange from crypto to fiat currency for all or part of the payment amount.

As a Cryptoprop Certified Agent or experienced real estate agent, you should be able to help with the necessary  documentation to make sure there are no surprises in the process.   

It’s your choice, kind of. You will need to explore the various scenarios before offering to represent a property for cryptocurrency sale. If you haven’t reviewed the options as part of the Cryptoprop Certified Agent course, just keep in mind you’ll likely have the same payment and currency options as those your seller is willing to accept.  Be upfront about your willingness to accept bitcoin payment for the agent commission, or any other cryptocurrencies. This should be clear during the listing process, negotiation and documented for closing. 

Chances are you can also convert to fiat currency USD or others at the time of closing.  

Yes.  You can help secure a real estate buyer who is willing to pay for the property in bitcoin or buy in other cryptocurrency and coordinate the currency exchange to payment in dollars or any other fiat currency. 

Both sides will need to agree on the timing of conversion which will also determine who bears the cost of exchanging crypto to USD or any other currency.  This should be clear during the negotiation and documented for closing. 

Local laws still apply for the exchange.

Yes. You’re liable for taxes depending on your current country of residence, legal status, and a variety of considerations regarding capital gains.
Title transfer and local taxes are usually paid in local currency directly to the necessary government authority.  Your lawyers, inspectors, real estate agents and other professionals may or may not accept cryptopayment.  Please be sure to check to avoid surprises later one.

Yes.  If you don’t want to keep the payment you receive in crypto, this can easily be exchanged.

A knowledgeable real estate agent will already have an available service or exchange partner depending on the amount, timing and characteristics of your real estate cryptocurrency transaction. A Certified CryptoProp Real Estate Agent will be able to lead the process and guide you or your real estate agent for any necessary exchange options.  

Crypto exchange to fiat currency (USD, CAD, GBP, EUR, CRC, etc…) can usually be completed within minutes or up to 48 hours depending on your needs.  The full amount is then deposited into your traditional account anywhere in the world.

The final purchase price is usually determined in fiat (government-backed currency). 

For example, if the purchase price for the property you’re selling is $800,000, then the market value of the cryptocurrency (bitcoin, USDT, USDC, ETH, etc) will equal $800,000 at the time of closing.

The exchange rate is established based on the mutually agreed indicator from a publicly available exchange.  You can reduce market volatility by choosing a stable coin whose value is already tied to USD, Euro, or other fiat currency. 

If the transaction is completed as crypto to crypto, the specific instructions will be written into the purchase agreement or buy-sell contract or escrow agreement stating that the buyer and seller agree to the market fluctuations after the close of escrow and that the buyer is no longer responsible for those fluctuations.

Yes.  Most real estate crypto buyers are familiar with the process but want to avoid the unnecessary risk and complications of working with uneducated agents or unwilling sellers.  So, be sure you feel comfortable and understand the process, and be sure to tout your Cryptoprop Certification to lead a smooth search, negotiation and purchase.