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Cancun association concerned 95 percent of real estate “brokers” unlicensed

Cancun, Q.R. — The professional real estate association of Cancun is concerned about the lack of training and licensing, which they point out, includes 95 percent of those selling.

Cancun’s AMPI head, Miguel Ángel Lemus Mateos explained that this year, special emphasis will be placed on training and professionalization issues. He reported that currently in Quintana Roo there are more than 3,500 people who are offering real estate services, but only 5 percent are duly certified.

“At this time, we have 160 advisers who are approved with the requirements requested by the government agency of Sedatus (Secretaría de Desarrollo Territorial Urbano Sustentable), hence the importance of this year, through training, there are more real estate professionals officially validated.

“Otherwise,” he says “the authority will begin to demand accreditation and those who do not have it will be sanctioned.”

In accordance with the Law of Provision of Real Estate Services of Quintana Roo and its regulations, anyone who provides this service in the state must be accredited before Sedatus.

Lemus Mateos said that being a real estate professional requires the management of many socio-economic and legal disciplines necessary for the closing of any operation. He indicated that as of today, there are only 35 companies that have full accreditation, 11 of which are in Cancun, 15 in Solidaridad (Playa del Carmen), five in Tulum, two in Cozumel, one in Puerto Morelos and one in Isla Mujeres.

“The Law and regulations are regulated by a Real Estate Council, which encourages the study, analysis, professionalization and decision-making in the provision of real estate services and is made up of civil and private associations, national urban chambers and many other authorities,” he explained.

His concern comes on the heels of an announcement in the increase of international investors interested in private real estate, particularly that of Americans looking to relocate.