The way to professionalize real estate agents in Mexico

Headlines from various media outlets warn that " real estate fraud is the order of the day in Mexico ." Countless are the cases of buyers and tenants who day by day fall into the networks of supposed agents who, in order to obtain money dishonestly, catch the unwary.

Information from 2017 ensures that fraud in the real estate sector is among the 10 complaints with the highest recurrence in the Federal Consumer Prosecutor's Office, PROFECO . In that year, more than 3,000 cases were counted against apocryphal or irregular real estate agents.

"We want Mexicans to have peace of mind," said Pablo Vásquez Rodríguez, director of the Mexican Association of Real Estate Professionals , AMPI, to Inmobiliare regarding the issue of professionalization in the sector, which is gaining strength in the face of economic, political and social challenges. those facing the industry.
The AMPI was born in 1956 and according to data published on its website, this association emerged with the aim of " increasing the professional technical level and thus establishing codes of ethics for the activity within an organizational framework". At that time, it was known as the Mexican Union of Real Estate Brokers and Administrators .

Later, in the 1970s, the Union changed its name to adapt to new needs . In 1979, it was consolidated as the Mexican Association of Real Estate Professionals.
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Source: Mexican Association of Real Estate Professionals
"We are turning 63 years old and our role is to protect private property and give legal certainty to all [...] property buyers and owners, and we do this by training our members," Vásquez said.

On the other hand, Vásquez told Inmobiliare that AMPI has just inaugurated two university degrees, Law and Administration , and is working on the approval of a career in Real Estate, which is in the process of being accredited by the Ministry of Public Education .

Likewise, the director of AMPI, announced in an interview that an agreement was signed with the Confederation of National Chambers of Commerce, Services and Tourism, CONCANACO , for the constitution of the Mexican Chamber of the Real Estate Industry, unique in its kind and that, It is expected that it comes hand in hand with legislation sought for years in the sector .

THIS IS THE APPROVAL OF THE FEDERAL LAW OF WORKERS IN THE REAL ESTATE INDUSTRY

Pablo Vázquez commented that in Mexico, there are 18 states in which a law was issued , with its corresponding regulations, to regulate the activity of real estate agents.

"We are missing 14 states to regulate and that is why placing the initiative in the Chamber of Deputies of a Federal Law of Workers of the Real Estate Industry is a step with which we give certainty to Mexicans who buy real estate," said the also engineer .

In Mexico, standardizing real estate activity is complex because there are regulations that have remained on 'paper' by not issuing a regulation that clearly stipulates the way in which it operates. An example of the above is CDMX, where it was issued in 2012, during the administration of the then PRD Marcelo Ebrard, the Real Estate Services Provision Law, which did not enter into force because its operating regulations were never approved.

"In the case of CDMX, it was not approved for political reasons and that is why we seek to make the issue federal, to give certainty to all entities and seek that Mexicans have peace of mind," concluded the director of AMPI.

Source: Mexican Association of Real Estate Professionals
THE CHALLENGE OF A FEDERAL LAW OF WORKERS IN THE REAL ESTATE INDUSTRY

Jorge Paredes, CEO of Realty World and Counselor of the Mexican Association of Real Estate Professionals in Monterrey, argues that the search for a federal law to regulate real estate activity is necessary, but centralism must be avoided.

The spirit of the Federal Law of Workers of the Real Estate Industry has to watch over the situation of each state. Each entity has different realities and it is important that the requirements and bases for obtaining the license are established by each federal entity ", Paredes assures.

As of the date of publication of this article, the Federal Law of Real Estate Workers has not been approved.

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