Riviera Maya, Q.R. — A real estate registry to identify agents operating without the state’s legal requirements has been created. The new registry has been in effect less than a month and already has a list of names.
The registry was created by the Government of Quintana Roo, who took the concrete step toward regulating the real estate market. The new registry keeps track of unregistered advisors, as required by law, and those who have committed irregularities while performing real estate services.
José Alberto Alonso Ovando, the Secretary of Sustainable Urban Territorial Development (Sedetus), confirmed the state’s new real estate agent registry.
“We have just opened this registry and we are feeding it with information that is given to us as well as information that we are finding on our own. We are going to keep feeding that information into the registry,” he said.
The Secretaría de Desarrollo Territorial Urbano Sustentable (Sedetus) said the intention is not to punish, but to organize.
“It’s not a matter of trying to hurt anyone. We don’t want to hurt anyone, what we want is for everyone to do their work legally.”
The new registry is the result of a package of legislative reforms that the Executive Branch is seeking to implement to make official certification and registration a mandatory requirement to operate within the state’s real estate sector.
Alonso Ovando says Quintana Roo ranks first nationally in the number of registered real estate agents with 2,665 professionals registered with the agency.
However, he warned that leadership position coexists with a market distortion caused by those who operate illegally.
He says the state is working toward a more demanding regulatory framework that will raise the sector’s standards as a whole and protect buyers and sellers in a market where real estate transactions represent one of the most important economic drivers in the state.
