When buying property in a foreign country, it is always important to exercise caution. Currently, to sell property in Mexico you do not have to be licensed to sell real estate.
In the United States, we have the Department of Real Estate, which administers exams to determine if a person is qualified to work as a real estate salesperson or broker. In Mexico, there is no national or statewide exam. It is important to note that although there is no licensing in Mexico, there are thousands of experienced and qualified real estate agents.
AMPI (Asociación Mexicana de Profesionales Inmobiliarias - National Association of Mexican Real Estate Professionals) is a national, privately held organization where members agree to adhere to a strict code of ethics.
In 2006, the National Association of Realtors (US) signed a joint agreement with AMPI, marking the first international realtor agreement forNAR. All of the members of AMPI became Realtors® in January. This agreement will help to promote the number of opportunities that exist both in Mexico and the United States.
The bottom line--when buying property in Mexico, work with someone you trust. Ask questions, ask for recommendations, ask anything you can think of! It is important to do your homework when making any purchase, especially when it comes to your dream home!
To find a realtor who belongs to AMPI in Mexico, please visit their website:
AMPI
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