The Mexican Association of Mexican Real Estate Professionals (AMPI) has a new President. Adan Larracilla of Puebla, Puebla, has been sworn in, replacing outgoing President Hector Obregon of Leon, Guanajuato Also at the ceremony, Sergio Gomez became AMPI’s new Vice President and ten members representing a broad cross section of the Republic, joined the National Advisory Board. Jose Oscar Vega from the Secretary of the federal Government, representing President Felipe Calderon, presided at the ceremony.

Outgoing President Obregon reported on AMPI’s activities last year, its 55th year of operation. Several new Sections throughout the Mexico real estate market have been established with AMPI now having Sections in 64 cities. A major accomplishment was the establishment of AMPI’s new Training and Statistics Institute. He also reported he had breakfast earlier in the day with fifteen AMPI Past Presidents New President Larracilla outlined his goals and aspirations for 2011.

Jose Oscar Vegas had three messages for AMPI. First, he reported that the current Government is in full support of AMPI and its contribution to the housing industry.  There are too many. “ coyotes” and too much fraud in the real estate industry. . Second he spoke about the need to “regularize” the real estate industry. Here he referred to the need for licensing and mentioned the handful of states that have a law governing real estate. The third theme was “trato directo” which basically is the For Sale by Owner market. He said, “This is a risky proposition.”

Also speaking at the TOMA was Adrian Arriaga, CIPS, CCIM.  Adrian, a past Ambassador from the National Association of Realtors® (NAR) to AMPI and a member of the Texas Real Estate Commission,  is the currently  Chair of NAR’s Global Business Alliances Group. He brought greetings from NAR President. Ron Phipps. NOTE: AMPI and NAR signed a joint venture agreement in 2006. Under the agreement, AMPI members can legally use the word REALTOR®

The event was held at the Hacienda de Los Morales, in Mexico, D.F.

A cocktail-reception followed the inauguration. It was attended by over 300 people including political and real estate industry dignitaries.

Immediately before the TOMA the Mexican Section of The International Real Estate Federation (FIABCI) gathered for a short meeting. During our FIABCI meeting Adolfo Kunz made a review of all his years in FIABCI.. He fondly remembered the World Congresses held in Mexico in the 60’s and 80’s, and his wonderful experiences meeting dignitaries from all over the world in Europe, South America, Canada, and the U.S.A., and different business opportunities he encountered through his FIABCI Membership. Adolfo, an attorney, is a Past President of FIABCI Mexico and was a Deputy in Mexico’s Congress.

Author John Glaab CIPS is a founding member of AMPI Los Cabos. A Certified International Property Specialist he is active in the National Association of Realtors® Global Business Alliances Group.  John was recently appointed as a member of Amp’s International Relations Committee. for more information (512)-879-6546 THE www.TOPmexicorealestate.com NETWORK

“Mexico’s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!”

AMPI is the Mexican Association of Real Estate Professionals.  Dedicated to raising professional standards and protecting private property rights, this organization was formed over 50 years ago and currently has a membership of over 1,000 companies and 10,000 professionals.  In the Puerto Vallarta real estate region, there are three AMPI chapters, AMPI Vallarta, AMPI Riviera Nayarit and AMPI Compostela.  Currently there are no licensing requirements in place on a national level in order to regulate Mexico real estate brokerage and sales.  AMPI however, does have significant requirements in order to be a member broker.

Among them are:  one year experience working in real estate in the area, have a diploma from a certified AMPI course (100 hour minimum), show two commercial and one bank reference, proof of legal registration with the city and tax authority, two letters of recommendation by current members, take an AMPI test and orientation and be voted in by peers.  Additionally, foreigners are required to submit a diploma from a Spanish language course and immigration authorization in order to legally work in the country.  Associates are required to have valid work permit, a letter of reference from their broker, take a written AMPI exam and attend 40 hours of continuing education per year.  AMPI also requires members to follow a strict code of ethics that include articles such as:  “Knowledge of tax, legislation, improved use of land, planning and other real estate-related matters.”  “Keep abreast of conditions in the Puerto Vallarta real estate market, because it is he or she who guides customers regarding the correct value of real estate, among other things.”  “Protect customers against fraud, abuse or immoral practices in the field of real estate.”  “Help prevent any acts that could harm the public, as well as any that could undermine the dignity of the real estate profession.”

AMPI also has an honors and justice committee set up in order to penalize members who breach the code of ethics.  Sanctions can include monetary penalties, temporary or permanent expulsion from the association.  AMPI members also have access to the local multiple listing service (MLS).  This modern and sophisticated searchable database currently has over 1,000 properties listed for sale.  Members receive a monthly printed catalog.

In acknowledgment for the above the National Association of Realtors (NAR) has signed its first joint reciprocal membership agreement with a foreign real estate organization (AMPI).  Therefore, all AMPI members also belong to NAR, as well as the Canadian Real Estate Association (CREA), and the International Real Estate Association (FIABCI).  So be thankful that your Real Estate Agent is in AMPI and good luck in your search.

Do you have a question about Real Estate in Puerto Vallarta?  Just ask!

Do you have a question about the Puerto Vallarta Real Estate market? Just ask!
Michael Green moved to Puerto Vallarta to take advantage of the unsurpassed lifestyle PV offers. Today, with over 12 years of experience, Mr. Green is one of the most recognized brokers in Vallarta. TOP Mexico Real Estate “Mexico’s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!”

This months issue of VENTANA Magazine published an article on this topic written by … yours truly.  Many people think that there are very little regulations or that there are no Mexico real estate licenses available to realtors in order to help ensure safer transactions when investing in the Playa del Carmen real estate market.  But only recently, in the fall of 2009,  a new Professional Identification Number and Mexico real estate degree have been offered to the people practicing in these activities if successful in the qualification process.

(  Thomas Lloyd in Mexico City receiving the first Mexico Real Estate Degree  )

This is not a simple exam that is taken over the internet, but it is quite a complex process which resulted in only a handful of people in all of Mexico receiving such a degree.   The exam has over 180 detailed questions and was applied nationally in nearly 14 different cities.  Read more here Mexico Real Estate license .

“The degree was introduced to the industry in response to the consumers demand for a higher professionalism” states the Mexican Association of Real Estate Professionals.  The professional identification number and “cedula profesional” are issued at a national level, and are only granted to university degree holders.

The good news is that progress in Mexico is moving forward and  the real estate industry is keeping pace with new requirements and benchmarks.

Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. In the summer of 2009, he received the first federally applied Mexico Real Estate Degree and Mexico Professional Real Estate License S.E.P. #5978657. He is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546 or through the company’s web site www.TOPmexicorealestate.com NETWORK

“Mexico’s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!”

The Playa del Carmen real estate board is busy working on an aggressive project for this coming fall of 2010.  They are working with the municipality of Playa del Carmen in organizing the first of its type 2-day-forum.  The main purpose of this event is to obtain the diversification of investments being channeled into the region.  The objective is to draw the attention and secure commitments from organizations representing the Medical, Financial, Retirement, Recreation, Industrial industries and are leaders in their fields for introducing and maintaining processes that respect the prevention of environmental degradation.  Currently Playa del Carmen has a strong presence of a wide variety of companies and organizations representing the tourist sector.  This fall, with support of the  municipality and the backing of federal organizations such as Pro Mexico, the Riviera Maya AMPI real estate board will be busy welcoming environmentally responsible organizations to analyze the Playa del Carmen real estate region as an investment option.

The forum is scheduled to be hosted at the Fairmont Hotel, Mayakoba, Riviera Maya Convention Center.  The discussions will focus around defining the direction of the new era of Playa del Carmen building upon diversification.

suggested topics are to include

*Potential development and diversification of the Riviera Maya
*master plan for municipal urban development ,
*Financial framework and global overview of trends, environment and demands,
*Sustainable development and principles of sustainability
*Mechanisms and processes for investing in Mexico

guest speakers will be announced at a later date but are to include coordinators who have experienced successful outcomes from other communities both national and international.   For those who are interested in participating or attending this event, please contact us.

Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. In the summer of 2009, he received the first federally applied Mexico Real Estate Degree and Mexico Professional Real Estate License S.E.P. #5978657. He is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546 or through the company’s web site www.TOPmexicorealestate.com NETWORK

“Mexico’s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!”

As non-Mexicans buying Mexico Real Estate, one of the first things you might look for (and should look for!) is an indication of a high level professionalism in the Mexico real estate agent you are considering to represent you in the process.  Back in the U.S. and Canada, and other countries, we know that a practicing real estate agent is required to hold a state issued real estate license, indicating a sufficient level of knowledge in the industry, as an official demonstration to clients that he or she is able to carry out such a transaction for you.  While there is no Mexico real estate license requirement for most states, you will be happy to know that recently a degree in real estate and a Professional Identification Number have been implemented in Mexico.  While the degree is currently not required, it shows that Mexico is moving towards a level of professionalism similar to what we are used to back home, and perhaps even higher.

If you do your homework, as a soon-to-be buyer of Mexico Real Estate, you quickly learn that in this country most states have no real estate license requirement, with the exception of Sonora and Nayarit.  If you continue to do your research, and make sure you find out something about the business culture you are about to participate in, you will also learn that other regulations to protect real estate buyers are not as well defined.  This will lead you to the conclusion that you need a well experienced, reliable, knowledgeable professional to guide you in the purchasing process. Next, you will ask for and check references, and ask for experience and evidence of professionalism (certificates, membership in  professional organizations such as AMPI, etc.).  While this process will continue to be necessary on your part as a buyer, the new degree will serve as a nation-wide indicator of professionalism and knowledge for the Mexico real estate agents and brokers who hold it, and could save you a few steps in all this research you have to do.

The Implementation of the New Mexico Real Estate Degree

The new university degree in Mexico Real Estate is a very recent step forward in the Mexico real estate industry.  Only this year, 2009, the Mexican Association of Real Estate Professionals (AMPI), managed to have the Mexican Federal Ministry of Public Education (SEP) implement the new degree.  This degree serves two purposes; one is to give professionals with years of experience directly in the field an opportunity to demonstrate their knowledge officially, and to earn a university degree to reflect their abilities; the other is to allow inexperienced university students to take a full 4 year course of studies in real estate so that they enter the field better prepared, and have solid base of theoretical knowledge on which they can begin to build experience.

The degree itself was implemented at the request of AMPI as a response to the lack of license requirements in the field.  Much of the work to set up the degree was done on a non-paid basis by AMPI.  Since the government has not been making requirements for official professionalism in the field, AMPI felt the need to respond and “professionalize itself.”

Obtaining the Degree through an Exam and Evidence of Experience

In the Mexico Real Estate industry, there are already a large number of professionals who have used experience to gain a thorough knowledge of the field, and have supplemented this with courses, diplomas and other forms of training.  They have made themselves highly experienced and knowledgeable professionals.  A part of the implementation of the new degree is to allow such professionals to earn the degree by demonstrating and re-enforcing the knowledge they have already acquired. For this purpose, an exam was created.  Experienced professionals can choose to take a preparation course, in order to review and preview the information required to complete the exam.  Even just to enter the preparation course, there a minimum experience requirement; La Salle University, for example, has a 3 year experience requirement.  The exam itself, administered as a joint effort by AMPI and CENEVAL, is a 5 hour exam, with 177 multiple choice questions, divided into 8 sections.  The first exam was administered early in 2009, in 16 different locations across Mexico.  The exams were administered simultaneously to increase test security, avoiding access to the questions before the exam at any location.  The exam was applied according to strict guidelines in all aspects to ensure professionalism and security.

For these professionals who choose to obtain the degree in this manner, the exam is only the first step. If they successfully pass the exam, they must also demonstrate direct experience in the industry.  This experience can be demonstrated, for example, through certificates, letters from their AMPI office, and documents evidencing that they have carried out real estate transactions, i.e. from notary publics, etc.  All documentation must meet strict requirements and is carefully evaluated.  Candidates who both pass the exam and demonstrate their experience successfully are granted the new degree in real estate.  As can be seen from these requirements, the guidelines and professionalism of the process guarantees that only experienced professionals can obtain the degree in this way.

University Course of Study

The degree will also be available as a regular 4-year university course of study at selected, reputable universities, both public and private.  This option is available for university students, usually entering from high school, wishing to prepare themselves professionally for a career in real estate.  While these students will not have the experience which they can only gain with time and participating in real transactions, the degree will give them a firm base of knowledge to begin their career.

The Professional Identification Number

Another element which has been implemented with this degree is a Professional Identification Number, or “cedula profesional” in Spanish.  This Professional Identification Number will be granted to each person who receives the degree, and only to those who receive the degree.  In Mexico the “cedula profesional”  is applied only for highly trained professions, such as doctors and lawyers.  The implementation of this “cedula profesional” for real estate brokers is an indication of moving towards the same level of professionalism as the fields of medicine and law.

The Future of the Degree and Requirements

There are two key differences between this new degree and real estate licenses as we know them from back home.  One is that the level of professionalism and involvement to acquire them is actually higher than real estate licenses in the U.S. or in Canada.  The process of obtaining the Mexico Real Estate degree is far more involved, and the test and documentation process is carried out on a more secure basis.

The other difference is that the degree in Mexico is not yet required.  For the moment, the new degree and Professional Identification Number are obtained on a voluntary basis.  In the future, AMPI hopes to move towards legal requirements, perhaps for the broker of each office to hold the degree, with the eventual hope that all who dedicate themselves to this industry will have the new degree.

Implications for buyers of Mexico Real Estate

While the degree is not yet a requirement, it indicates a movement towards a very high level of professionalism on an official level for the Mexico Real Estate industry.  It also serves as an current indication of this same high level of professionalism for the brokers and agents who have chosen to obtain, and demonstrated their ability to obtain the degree.  In these cases, the degree and Professional Identification Number are an official and reliable demonstration of what you as a real estate client would otherwise have to investigate in a more time consuming way; thorough knowledge and a high level of experience to protect your interests and guide you safely through your Mexico purchasing process.

TOPMexicoRealEstate supports the same values towards which AMPI is moving with the implication of the new degree; a high level of professionalism in the field, and continuous education and expansion of agents’ knowledge of the real estate industry to serve you, the clients, better.  One way in which this commitment was demonstrated was through the fact that Thomas Lloyd, founder and president of TOPMexicoRealEstate, was among the first group of Mexico Real Estate professionals to receive this degree.

Beatriz Lozano, “TOP Mexico Real Estate NETWORK; Mexico’s leading specialists for finding and purchasing Mexican properties safely !” (512) 879-6546 or the company’s web site www.TOPmexicorealestate.com

Mexico Real Estate offers many great opportunities.  However, because of the fact that laws and processes are different here in Mexico, many non-Mexican buyers make costly errors because they don’t take the time find the information they need first.  In some cases when buying Mexico homes, the new buyers even make blunders that they would avoid back home – simply because of the uncertainty of being in a different business culture.  Based on their years of direct experience in the Mexico property market, a panel of experts from the TOPMexicoRealEstate NETWORK, “certified professionals that specialize in guiding new buyers through the Mexican purchasing process,” has identified the top 5 mistakes made by non-Mexican buyers.  The following is a compilation of their answers, giving a general overview of their answers for each of the five points, then giving their exact answers below.  Each mistake is followed by advice from the panel on how to avoid causing problems for yourself in that area.

The real estate experts who contributed to this article are:

Jim Scherrer – Puerto Vallarta Real Estate

Linda Neil – La Paz Real Estate

Mitch Keenan – Yucatan Real Estate

Thomas Lloyd – Playa del Carmen Real Estate

The top 5 errors non-Mexican buyers make are:

#1 Not surrounding yourself with reliable, experienced professionals

The panel’s answers point to this as the number one error that non-Mexican buyers make when buying Mexico Real Estate.  The key behind this is to find an experienced, reliable broker or agent.  After this, it is also necessary to find a notary public – again with knowledge and experience to do things right – and a Mexico title insurance company, among others. A reliable agent is central, as they can also help point you to other trustworthy professionals.

The panel’s answers are:

“Not using a reputable Agent/Broker, not using a reputable notary public, and using a Title Company.” – Mitch Keenan – Yucatan Real Estate

How can you avoid this error?

“Check with the USA Consul in Mexico. They have a list of recommended Notary Publics and Agents.” – Mitch Keenan – Yucatan Real Estate

“When you select an agent, make sure that the agent is member of AMPI, The Mexican Association of Real Estate Professionals.  Also, check references.  This agent is representing your purchase in a country where you are not familiar with the laws; you need to be confident that that person is.” -  Linda Neil – La Paz Real Estate

“These top 5 errors are only a few examples of the items and risks that a non-Mexican buyer must administer. There are hundreds of other topics that a buyer must address and decide upon; only through EXPERIENCE can teach us to look for these issues. The best way to avoid all of these mistakes and other errors in the purchasing process is to surround yourself with experienced players. It costs the same commission rate to hire an agent with 15 years experience vs. an agent with only 2 months experience.  If you are making a $200,000 dollar investment wouldn’t it make sense to hire someone with credentials and years of experience to represent you.” – Thomas Lloyd – Playa del Carmen Real Estate

#2 Buying from the listing agent and not finding an exclusive buyer’s agent

Even if an agent seems honest, reliable or experienced, no agent who is representing the seller can also represent they buyer fairly, since each one needs an agent protecting only their interest.

The panel’s answers are:

“The most common mistake I have seen are for new buyers to retain the services of a real estate representative just because he was advertising a property on the internet and had his email and phone number on a yard sign next to a property. I am surprised as how some non-Mexican buyers who are very diligent in their money investment decisions while in their home countries come to Mexico and will choose to retain the services of a real estate agent based on the fact that the agent is able to speak English.” – Thomas Lloyd – Playa del Carmen Real Estate

“Buying anything from a listing agent or the sales agent representing the developer; their loyalty is to the seller and they have a fiduciary duty to that seller. No matter how honest, nice, and sweet that agent may seem, it would be a conflict of interest for him to discuss any negatives about the property or to truly help the buyer in getting the best price and contract protection.” – Jim Scherrer – Puerto Vallarta Real Estate

How can you avoid this error?

“Use a professional buyer’s agent exclusively representing buyers and having no listings.” – Jim Scherrer – Puerto Vallarta Real Estate

“The agent who represents you as a buyer cannot represent the seller as well.  Agreeing to and signing an agency disclosure agreement can serve as further protection.” – Linda Neil – La Paz Real Estate

#3 Not carefully considering the implications of different property types, locations, etc.

Different property types have different have various considerations to be made.  Especially the area of pre-construction purchase of Mexico Condos needs special attention; preconstruction offers excellent opportunities, but for the buyer’s protection, the right steps need to be followed.

The panels answers are:

“Buying a pre-construction Mexico Condo with a payment schedule based on the calendar.” – Jim Scherrer – Puerto Vallarta Real Estate

“Buying in a remote (and supposedly growing) area in order to save money. As everyone knows, the three main rules to buying real estate anywhere are location, location, and location. During periods of recession and/or slow growth, these remote areas are the first to drop in value and the last to recover. With current economic conditions the way they are, it may be many years before the remote areas see any appreciation in value.” – Jim Scherrer – Puerto Vallarta Real Estate

“You should not attempt to buy Ejidal property. Ejidal property offers considerably lower prices, but it must be converted to private property before it can be sold.” – Linda Neil – La Paz Real Estate

“When purchasing in preconstruction, to allow for some money to be held back until the legal possession has been delivered. Many times the buyer will have paid out the entire value of the property, have received the physical possession, yet remain waiting for the developer to deliver the legal possession.” – Thomas Lloyd – Playa del Carmen Real Estate

How can you avoid these errors?

“The buyer needs an agent that knows how to write purchase contracts that protect the buyer’s initial deposit and progress payments. They should be prepared with payment schedules based on construction milestones, delivery dates, closing date, etc. as opposed to calendar dates. They should also have construction delay penalty charges, contingencies for 100% refunding upon failure to perform, and escrow protection.” – Jim Scherrer – Puerto Vallarta Real Estate

“Include only private property in your property search.” – Linda Neil – La Paz Real Estate

#4 Not reviewing contracts and documentation or following processes properly

Reviewing all documentation and following processes properly is necessary in any real estate purchase.  However, this is especially true when buying Mexico Real Estate, where regulations are not as well defined to protect the buyer, and taxation and other processes follow different rules than what buyers are used to in their home country.

The panel’s answers are:

“Many first time buyers do not understand the implications of the Capital Gains Tax issues. They believe that capturing a low acquisition cost on a property will decrease their closing costs expenses but forget to understand the more expensive capital gains tax levied against profits on the sale of the property.” – Thomas Lloyd – Playa del Carmen Real Estate

“A potential risk is not to check if you are dealing with the legal owner of the property.” – Linda Neil – La Paz Real Estate

“Assuming everyone they deal with has the same business ethics as they are accustomed to in the US or Canada, thereby not paying extremely close attention to ALL documentation they are signing.” – Jim Scherrer – Puerto Vallarta Real Estate

“Not including a clause in their purchase sales agreement to allow for the first beneficiary (the buyer) to have the voting rights transferred from the fiduciary for condo association meetings.” – Thomas Lloyd – Playa del Carmen Real Estate

“Some non-Mexicans believe they can hold property with a private contract and avoid paying closing costs and taxes. They are placing much of their hard earned money at risk by not receiving a title duly subscribed with a notary public and filed in the public registry.” – Thomas Lloyd – Playa del Carmen Real Estate

“Depositing money in an agent’s or seller’s personal account.” – Mitch Keenan – Yucatan Real Estate

How can you avoid these errors?

As Thomas Lloyd points out above, “these top 5 errors are only a handful of examples of items and risks that a non-Mexican buyer must administer.”  It is almost impossible for an new buyer to manage, and often even be aware of, all of these considerations.  Therefore, it is of key importance to have a reliable agent whose experience gives them the necessary knowledge of the various contracts, processes and documents involved.  Additionally, the panel points out the following:

“Never deposit money or give money to an agent or a seller without verifying that the agent has a verified earnest money account or escrow account.  It is always a good idea to spend the extra $500 bucks to set up an escrow account with a title company to hold the deposit.”  – Mitch Keenan – Yucatan Real Estate

“Deal only with the legal owner of the property or a legal power of attorney.  It is necessary to request, receive and review a copy of the title.  For cases such as this, your agent will have to know Spanish, or you will need to get a certified translation.  You should also have a title investigation, and buy title insurance.  Even if the prices are high, it is worth avoiding risks involving the title.”  – Linda Neil – La Paz Real Estate

#5 Rushing a Decision

Your Mexico real estate purchase is one of the most important decisions you will make, whether it is property for your home, or for an investment.  Rushing into a decision can have undesired, long term consequences.

The panel’s answers are:

“Being pressured into a hurry up decision.” – Mitch Keenan – Yucatan Real Estate

“Spontaneously buying on the beach, having no idea of the many magnificent properties available with better views, neighbors, lifestyle, etc.  than can be found on the beach.” – Jim Scherrer – Puerto Vallarta Real Estate

How can you avoid this error?

“Never be pressured into a deal. Take your time do your due diligence.” Mitch Keenan – Yucatan Real Estate

If you feel you are being pressured, or not being presented with all the best options, also see the advice for error #1 “Not surrounding yourself with reliable, experienced professionals,” and error #2 “Buying from the listing agent, not finding an exclusive buyer’s agent.”

For further information about buying Mexico Real Estate and avoiding costly errors, contact a Mexico Agent in the TOPMexicoRealEstate NETWORK; OUR EXPERIENCE; thousands of Property transactions & years of assignments in Mexico AT WORK,  PROTECTING YOUR INTERESTS.

A couple of weeks ago I had the opportunity to sit down and talk with the president of the AMPI Mexico national president, Pedro Trueba who was visiting us from Mexico City,  and president of the AMPI Riviera Maya president, Wilberth Gutierrez.  There are many factors that influence or makes the Playa del Carmen real estatemarket a leading region in Mexico which we discuss in the interview.  And Pedro Trueba discusses various issues about the Mexio Real Estate  market that makes this country a leading and growing retirement destination for Americans and Canadians.  As many of you have learned and read, the Mexico retirement  area has become an important focus point for many politicians and developers in the past couple of years.  We chat a little of why this is a leading solution to some of the problems that many Americans are facing amongst those being the higher costs of living and lower dollar value in savings.  Below on the video screen, click on to hear this interview   

To listen to part one of our conversation where we talked about the AMPI association and their role here in Mexico in helping buyers/sellers of real estate and a discussion about the new Mexico Real Estate Degree, Click here; Mexico Real Estate Blog.  

Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. In the summer of 2009, he received the first federally applied Mexico Real Estate Degree and Mexico Professional Real Estate License S.E.P. #5978657. He is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546 or through the company’s web site www.TOPmexicorealestate.com NETWORK

“Mexico’s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!”

 Last week I had the chance to talk with the AMPI national president, Pedro Trueba about a few topics regarding the Mexico real estate market and also with Wilberth Gutierrez about the Playa del Carmen real estate areas.  Many non-Mexican buyers are unfamiliar with the process of buying or investing into properties here south of the border.  The AMPI logo and the training that AMPI associates are offered and how this can benefit non-Mexican buyers are discussed in the video below.  A new Mexico real estate degree is now offered in this country and in this industry which is exciting news as I am fortunate to be one of the first generation Realtors to have been awarded this title along with an official professional identification number.  Again, these credentials and degrees are now available so that buyers or sellers can now have another manner to more efficiently evaluate or compare when choosing which Realtors can most adequately and professionally represent their interests.  We chat about this below.    

Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. In the summer of 2009, he received the first federally applied Mexico Real Estate Degree and Mexico Professional Real Estate License S.E.P. #5978657. He is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546 or through the company’s web site www.TOPmexicorealestate.com NETWORK

“Mexico’s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!”

A milestone and historic event occurred in Mexico real estate this August Recently, the AMPI association was able to implement a new degree in the Mexican universities and obtain the classification of a new professional license for Mexico Real Estate professionals The new university degree is being offered as an option in the universities in response to the Mexican authority's concerns that improved standards and better training should be required for real estate consultants and professionals in Mexico Fernando Gonz lez Salazar, Director of the Professional License Department ofAMPI pointed outThe market and clients, demand true professionals, specialists in the commercialization of real estate with recognized studies and a professional license authorized by a federal government body.”

The new professional title is officially authorized and administered by the SEP (Secretary of Public Education), and is in response to the request from the consumer market The title is offered through a combination of a professionally applied exam of high security – and the requisits of demonstrating ample experience in the industry Or, also, the title can be obtained from attending 4 years of courses at several universities selected throughout Mexico

Antecedents

“We have estimated that there are nearly 19,000 people practicing within the Mexico real estate industry.” Mentioned Lic. Laura Flores, coordinator of the process EGATSU-CI within AMPIOf these approximately 2,300 are associates of the AMPI organization . Before the new title of Property Commercialization was presented, Mexico real estate licenses were not offered although certifications were available, such as those offered by CONOCER organization and by AMPI chapters. In the state of Sonora for example, a license to work in the industry was available and required The license was available for those who realized the test and obtained the certification.

A group of associates in the national office of AMPI have been working with great dedication for the past several years to change into reality the idea of a Mexico real estate professional license And in doing so, increasing the level of service standards in the Mexican real estate industry.AMPI contributed many man hours, knowledge and dedication from key members of their organization to ensure this milestone achievement was accomplished In July of 2009, the first Mexican Real Estate Title and Professional License was presented and delivered to Thomas Lloyd CONGRATULATIONS to AMPI, to CONOCER, to SEP, to all of the efforts and dedication from many people in the industry, and to Thomas Lloyd for having the opportunity to participate in this milestone event

Beatriz Lozano, “TOP Mexico Real Estate NETWORK; Mexico's leading specialists for finding and purchasing Mexican properties safely !” (512) 879-6546 or the company's web site www.TOPmexicorealestate.com

The latest news in the Playa del Carmen real estate market is the new AMPI board getting active in the industry to invite new members to get involved in the local association Last May, elections were held in the Playa del Carmen AMPIchapter and a new board was chosen Wilberth Gutierrez is the new president and has started to work immediately on introducing and beginning new ideas and projects to the regional industry AMPI is an organization that is represented throughout the Mexico real estate market in all states of the republic With 4,000 members nationwide, it is the leading association for this industry

Some of the main objectives of the new board for the next 2 years term are; Promotion of the Activities in the Real Estate profession, creation of an AMPI business center, support social programs and associations that are created for the municipality and the community, and also to continue the efforts of creating a career and educational programs for the brokers and agents that work throughout the Playa del Carmen region and in the real estate industry

This past friday, the first party to invite non-member and AMPI members was held on the roof top of the condominium project called DEVA This beautiful building hosted nearly 50 guests to mingle on the solarium to relax and speak of real estate activities in the community Music, pool, and ocean views allowed a pleasant back drop as Wilberth Gutierrez and the AMPI committees (Thomas Lloyd is currently serving on the Honor and Justice Committee) welcomed many new local realtors to become active in the process to voice their opinions and get involved in educational programs

The board also took advantage of the party to announce the program of a raffling of a Playa del Carmen condo A fully furnished condo, with title, with an estimated value of $300,000 usd will be raffled in the month of December of 2009 Other prizes will include 10 televisions, 10 scooters, 10 refrigerators, 10 vacation packages, and 10 laptops The money raised is for the construction of a business center for the Playa del Carmen AMPI section

Beatriz Lozano,” TOP Mexico Real Estate NETWORK; Mexico's leading specialists for finding and purchasing Mexican properties safely !”(512) 879-6546 or the company's web site www.TOPmexicorealestate.com

What you need to know before making important decisions about Mexico Real Estate.

Did you know that real estate licensing in Mexico is not mandatory That anyone can sell real estate without having to go through training specific to the field There just recently became available a program to obtain a Mexico real estate professional degree and license but again, this is not mandatory. Yes, unfortunately this is all true. So how can you, as a consumer, protect yourself in such an unregulated market

Even though the field is not yet regulated, there is an association that was established to ensure good business ethics among its members. This association is called A.M.P.I (The Mexican Association of Real Estate Professionals) A.M.P.I. National was founded in 1956 in Mexico City with the intention to raise the technical level of the profession and establish codes of ethical business practice. This group is diligently pursuing the matter of licensing as well as ongoing training requirements for the real estate field.

This group has been striving towards a higher level of professionalism and has been recognized by NAR (National Association of Realtors) in the USA. Because of their high standards of ethics, A.M.P.I. members are now recognized as NAR International Affiliate Members. A.M.P.I. is also a member of ICREA (International Consortium of Real Estate Association) an alliance of leading national real estate organizations in the world s major marketplaces.

The constant pursuit for professionalism in the real estate field, has led to the development of courses that members can now take and one day such courses will be a requirement to receive the real estate license. For example, this year in the Cancun real estate region, the A.M.P.I. organization will sponsor a six day course for C.I.P.S (Certified International Property Specialist) as part of the ongoing training for members.

As professional Mexico brokers and agents in the market place, we get to see first hand some of the questionable practices of unprofessional independent orpart time brokers and it is frightening to see the risk unsuspecting consumers are exposed to. Many foreign consumers are unaware that the real estate profession is not regulated. You should always investigate the background of a broker before entrusting them with your business. Beware, some brokers may use the A.M.P.I. logo without being a member of the association. Some may even use the REALTOR logo if they were a licensed broker in the US, but they may not be a member of A.M.P.I. Selling real estate in the U.S. is very different from here in Mexico, so being a REALTOR is not really of great benefit for the consumer.

In hot real estate markets in Mexico, such as Cancun and the Riviera Maya, it is common to find waiters, taxi drivers, etc. moonlighting in real estate to try their luck at making a hefty real estate commission. These part timers may not have bad intentions but their lack of experience could result in a costly mistake for you.

There are still some horror stories from buyers of pre-construction developments throughout Mexico. In many of these situations, the buyer bought directly from the developer. Many consumers think that if they buy direct and avoid a broker, they will get a bigger discount. Unfortunately, that is not the case. There is always a commission paid. If there is no broker, then the commission is paid to the in-house sales staff that works directly for the developer and represent his interests. Without your broker, there is no one looking out for your interests. It is especially important in the current market to always have a knowledgeable broker, one who can recommend developments that are safe for investment. There are so many new pre-construction Mexico condo projects on the market which creates the possibility that some of them will not complete construction. Your broker will know the factors that are important in determining the risk involved based on the developers track record, marketability of the project, guarantees to the buyer and market conditions that affect sales.

Since the boom of foreign buyers in the last few years, professional brokers have realized that the way to do business is by transparent transactions. Many have realized that we have to adjust the Mexico purchasing process to one that the foreign buyer understands and gives them the greatest protection.

It is unfortunate for both buyers and professional brokers, that many brokers in Mexico still have not adopted transparent business practices. This not only puts the consumer at risk but stories of fraud and deception always come back to haunt the real estate field. Thankfully, A.M.P.I. continues to push forward to find ways to better protect and educate consumers to ensure the safety of their investments.

There are fewer fraudulent sales every year, but they still happen. Buying real estate is one of the biggest investments you will ever make. To make sure you are working with an A.M.P.I. professional go to http://www.ampi.org/ Don t be afraid to ask for references and do check them.

Is your Mexico real estate agent really working for you Do they really have your best interests in mind Are you their client or customer

So maybe you are thinking what is the difference

What exactly is the difference Well, the dictionary definition for client is:

a- one that is under the protection of another

b- a person or group that uses the professional advice or services of a lawyer, accountant, advertising agency, architect, etc.

And the definition of customer is:

One that purchases a commodity or service

Mexico Real estate properties are one of the biggest investments you will ever make, so how do you want to be treated Like a client or a customer

Your broker should be one that works to protect you, one that has your best interests at heart and one who gives you the best professional advice. Sure, all of us get paid by commissions, but those of us who will have greatest success in the business are those who put the client first.

A few weekends ago, I ran into a friend while looking at some Cancun beachfront real estate He had just started training for a very well known US real estate franchise with an office in the area. He is young and ambitious, but has little experience in Cancun real estate sales and even much less experience in doing business in Mexico. So he opted to train and work with a major company. He said he felt the training was good, but then he commented something to me that I could not believe. I had mentioned that I would be glad to share information on my listings so he can help me promote them, and that I would be glad to help promote any of his listings. In our professional association, A.M.P.I. (Mexican Association of Real Estate Professionals), this is the ideato share properties, so we may better service our clients.

Well, I was surprised when he told me that in his training, they taught that he should always try to promote their own company s listings. Only as last resort should they promote other broker s listings. And this big company is even a member of our association.

So, how does that affect you Well, if you are working with a broker that only shows you what they have listed, you are certainly missing out on other opportunities that could even be better ones. Your broker should not sell you what they want you to buy. They should help you find what you want.

So getting back to client or customer..don t you want to be a client

The Playa del Carmen real estate market's AMPI association elects a new board for the coming term of 2009 – 2011.This past May 5th, the AMPI Riviera Maya chapter spent the morning casting and counting votes to choose a new president and committees. AMPI, with over 4,000 members nationwide is represented in all regions of the Mexico real estate market with just over 50 chapters The association has amongst its goals the continuous training of its members, the encouragement of following a guide of regulations and ethics for members and various other objectives

The new board of directors were chosen as follows;

President Wilberth Gutierrez

Secretary Enriqo Dozza

Treasurer Ulla Meihbohm

Committe of Honor and Justice Teresa Gutierrez Thomas Lloyd Jorge Penkoff

Committee of Vigilance Enrique Dominguez Ruben Rios Maricarmen Domani

Thomas Lloyd graduated from Purdue University Krannert School of Management witha degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. With a Mexican Real Estate Certifications and various diplomas he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546 or through the companys' web site www.TOPmexicorealestate.com

“Where 9 TOP real estate experts from ALL regions of Mexico come together to share their Tips & Knowledge to help you buy safely !”

Rita Sheese is the president of the AMPI regional chapter of Cozumel, Mexico. In my conversations with Rita, she has expressed to me “The Cozumel Real Estate market has been moving along without tremendous changes from the year before. Although there is obviously great concern to the US market and their affects on the world economies, and their affects on the Mexico Real Estate market, our Cozumel Island has had a shield of defense being that the majority of the properties here in this region are not mortgaged.” She also went on to explain that she has not seen any wild fires, there might be an increase some what of inventory, but there are no great price reductions thus far. Rita Sheese is the broker owner of Cozumel Capital and has been active in the real estate industry of Cozumel since 1986. She is interviewed quite often by local, regional, and national papers on the activities occurring in her region. Below is a copy of the MEXICO NATIONAL AMPI association humorously interviewing Rita on why Mexican nationals would be interested in buying property on Cozumel.

Rita Sheese, a real estate expert can help answer many of your Cozumel Real Estate Market questions.

-Thomas Lloyd

Rita Sheese is the Cozumel AMPI chapter president. She is also a member of the Cozumel Urban Planning Commission and Foundation for Strategic Planning for the Caribbean Island. She began her career in Property Management and Real Estate Sales since 1985

(512)-879-6546 www.TOPmexicorealestate.com

“Where TOP real estate experts from ALL regions of Mexico come together to share their Tips & Knowledge to help you buy safely !”

The Mexico Real Estate market is going through an exciting transition to improve the processes of buying properties here in this country The national realtor association called AMPI, sister association with the NAR association of the United States, has been working for various years on a project to regulate or to license the people practicing in the industry of Mexico Real Estate.

Fernando Gonzaez Salazar and Laura Flores Araiza of the national offices of AMPI have been coordinating these activities in conjunction with the federal educational organization called CENEVAL (Centro Nacional de Evaluacion Para la Educacion Superior = National Center for the Evaluation of Superior Education) This organization is authorized and recognized by the FEDERL EDUCATION SECRETARY and Academic Schools and Institutions of the Mexico country for their evaluations and exams.

MEXICO REAL ESTATE PROFESSIONAL LICENSE

With the federal regulation 286 (Acuerdo 286) and published in the (Mexican Diaro Oficial) equivalent to the United States Federal Register , this official document outlines and regulates the process for individuals to obtain a new federally issued license and degree for the profession in the Mexico Real Estate industry

There are two methods available to obtain this degree: the traditional method which is going to an Academic Institution public or private There are now several universities throughout the country of Mexico offering this college degree The second method of obtaining the official license and degree is through the process regulated and outlined according to REGULATION 286 mentioned above This includes applying and taking a nationally applied exam and then if passing exam, presenting a portfolio of documentation demonstrating years of experience and knowledge in the industry.

MEXICO REAL ESTATE LICENSE BACKGROUND

AMPI was first introduced to the Mexico Real Estate industry in 1956 The organization is a national association of real estate professionals who have been gathering under laws and a code of ethics to establish a reliable and trustworthy environment within this industry Today, AMPI is made up of more than 4,000 afiliates and associates, and over 25 separate and autonomous sections Each section has their own board of directors who decide for their areas, and is governed by the national board of directors who elects a national president for two year terms.The state of Sonora was the first state government to introduce a process of regulating and licensing the real estate industry in Mexico in 2004 Although no exams were applied, the Sonora state sponsored an extensive 110 hour course of in depth real estate studies The themes covered in the licensing process included taxation issues, city development, bank trusts, appraisals, marketing & sales, and issues regarding ethics pertaining to the real estate industry The course and licensing process has been applied during the past several years with close observation and analyzation by the AMPI organization, state and federal government officials, and the federal educational boards in order to expand and introduce a similar process on a nationwide level In September of 2008, the first national exam was applied in Mexico

MEXICO REALTOR LICENSE FIRST EXAM

In September of 2008, the first national exam regulated and outlined by the ACUERDO 286 was applied The exam was applied in several cities throughout the country under close scrutiny of the CENEVAL officials The exam was applied nationwide precisely at 8:00 am on the 28th of September in all the participating institutions The exam was a historical event as this was the first exam for licensing in the Mexico Real Estate industryAspiring Mexican realtors prepared many months and years in order to partake in the strenuous 5 hour long test The Mexico Realtor exam was only the first step and process required by the CENEVAL organization Those who passed the first process were then required to deliver extensive files,and documentations to deomonstrate education, experience, knowledge amongst other requirements in the real estate industry.

One important note to make, it is NOT a requirement by any regulation to have a Mexican real estate degree in order to practice in the Mexico real estate industry The ultimate goal and the steps that AMPI is embracing and promoting is to have a guideline, such as the regulations in the United States and Canada requiring realtors to be licensed and brokers to have licenses in order to practice such professions, but today the license is a voluntary procedure and documentationThe licensing and obtaining a degree as a Mexico Realtor is being introduced and educated to the industry with the succesful efforts of people such as Fernando Gonzaez and Laura Flores and their departments at the Mexico national AMPI offices

Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. With Mexican Real Estate Certificatons and various diplomas he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546 or through the company`s web site www.TOPmexicorealestate.com

This is the last part of a three part post regarding a speech given by Quintana Roo Secretary of Tourism to the audience of AMPI members gathered from all states of Mexico To read the first section of this presentation click here TOURISM OFFICE ADDRESS TO AMPI NATIONAL CONGRESS.

Mr. Carlos Joaquin Gonzalez finished his address by stating “We could not have experience the success of Cancun nor of the Riviera Maya if it were not of the investments injected into these destinations and other parts of the state The state governor s office has continued this open door policy especially to solid investments, inclusively it has gone in search to discover more and will continue applying its forces to the real estate industry to retain and foment the investment which enormously contributes to the development of this tourist destination.”

He went on to point out “However, for fundamental basises, for the financial health as well as for the viability of our tourist destinations, we will strive to ensure that these investments are channeled correctly, and at the correct period, in profitable projects, and that satisfy the demands of the market where they participate, complementing the essence of our tourist destinations, whose natural vocation is tourism, and of course always following the regulations in environmental as well as in urban development.”

The end of the speech touched upon the American recession “In spite of the challenges being confronted from the present international economic environment, originating from the United States markets, we optimistically see the horizan and are very sure that with the correct actions, with the correct promotions and sales efforts to the appropriate market segments, such as the baby bomers, which have not lost their capacity to consume we will be able to convert the crisis into an opportunity In Quintana Roo, the development of real estate products such as second homes is feasible due to several factors which includes the proximity to a natural market being that of United States, the great air connectivity through our international airports, the favorable climatic conditions, the natural and cultural attractions,the existing service infrastructures, the quality of new real estate products, the stability and social peace that prevail in the state, and the security, as much as people and goods, like the legal certainty that our laws offer.”

He went on to congratulate the members of AMPI on celebrating their 37th annual national congress and their continued goal to improve the education and professionalism of their afiliates.

Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546 or through the company`s web site www.TOPmexicorealestate.com

Playa del Carmen -

A few days ago the Secretary of Tourism had come to Playa del Carmen and given a very interesting talk to the AMPI organization regarding the Real Estate industry Below is the continuation of this talk and by clicking here you can read his first half of the speech SECRETARY OF TOURISM VISITS PLAYA DEL CARMEN

In the second half of the speech, the Secretary continued by including “During the 1980 s, the great expansion of the region caused a disequilibrium between supply and demand In the hotel industry, the all inclusive and the business of time share began to be introduced to the industry and whose market today comprises approximately 25% of the market.”

In this same period, the hotel zones began introducing properties of the classification of Condominiums, whose final purpose was residential, horizantal and of low density The majority of the buyers of these property types were from Cancun searching for living condition improvements and to be able to live in the most exclusive zones of Cancun.

These properties began to attract the interests of citizens from the peninsula, and from the north central part of Mexico These property buyers were searching for vacation homes Some Mexican foreigners decided to invest into the Second Homes to have longer stays on visits and also to enjoy the climate compared to the harsher climates from their own home countries

All of this growth required that the Mexico Real Estate operations were conducted under the parameters of quality and professionalism, which propelled the realtors to begin joining associations such as AMPI This association through time created a strong solid nucleus for the training, certification, and development of a code of ethics to ensure proper attention and services granted to the clients

During the same time period, FONATUR continued their master plan activities of Cancun For nearly a decade, the conditions on a macro economic level were not favorable for introducing credit to the markets as well as the need to have a stable population The market conditions were finally correct and stable in the first years of the new century and the advancemen was spectacular The Kukulkan Boulevard was completed, new superblocks in the urban zones were introduced which caused a rush and hot market in the Cancun real estate market.

In less than six years, FONATUR sold out practically it s reserve of urban lots and also finished selling Puerto Cancun, and finally finished selling the third phase of mega lots within the tourist zone of Cancun

Now the new boom of properties with the classification of TOURIST RESIDENTIAL are being sold throughout the zone Such properties are offering unparrallel views of Isla Mujeres, The lagoon, and the Caribbean Ocean The growth continued to the point that development has bursted upon the Riviera Maya, Cozumel, and some areas of Isla Mujeres The diversity, and the abundance of supply of real estate in Quintana Roo has become a magnate that is attracting new and very important investments Quintana Roo is a state that has always welcomed the investments capable of generating employment and development for the citizens of Quintana Roo.

Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546 or through the company`s web site www.TOPmexicorealestate.com

Playa del Carmen-

This afternoon the AMPI Riviera Maya held a press conference to promote the Playa del Carmen, Tulum and Cozumel Real Estate market, as one of the most important property acquisition destinations in Mexico”After tourism, the Real Estate industry is the most important revenue generator for the state of Quintana Roo, and this is done without government support programs.” Stated Laura Zapata president of AMPI Riviera Maya during the meeting This Mexican sector has been growing substantialy over the past several years as more Mexican foreigners begin discovering that it is legal to buy oceanfront properties in Mexico and the cost savings that can be realized here in this country But along with the great deals that are available, investors and second home buyers must also manage the risks that exist with less regulations and real estate tools to help protect the Mexican foreigners.

PROFESSIONAL REAL ESTATE LICENSE IN MEXICO

Currently in Mexico, there are no requirements or regulations to guide real estate agents, brokers, or agencies But the national organization of realtors in Mexico, AMPI, has been working arduously over the past 5 years trying to introduce requirements and guidelines for the industry to help reduce the risks and further protect the consumers and investorsThis past September, the first national exam was introduced to the country inviting all aspiring Mexican realtors to study and partake in this strenuous 5 hour long test The test is the first step towards obtaining a license which would be equivalent to a univeristy degree in Mexican real estate The intention of the government is that in the future, this degree would be obtainableby studying a normal university degree at a three year college The second step of the current exam, involves a close and detailed evaluation of work experience relating to the real estate industry, education, work shops, diplomas, publications and studies realized and close evaluation of any federally approved certifications in this field

MEXICO REAL ESTATE EXAM

It is estimated that nearly 400 realtors throughout Mexico took this federal exam this past September of 2008 Here in the Yucatan Peninsula which includes Merida, Campeche, Cancun, the Riviera Maya and all territories of Quintana Roo had nearly 80 participants The exam was administered by a federally regulated and concensioned offices of (CENEVAL) Centro Nacional de Evaluacion para la Educacion Superior

The president of AMPI Riviera Maya during the press conference congratulated and recognized the dedication, efforts and achievements of a very small fraction of realtors throughout all of Mexico and throughout the entire peninsula who were able to pass the first step of this rigourous examination process Ms. Zapata congratulates four AMPI Riviera Maya members who were able to pass the exam with a certificate of achievement

Adriana Avalos

Pablo Diaz

Wilberth Gutierrez

and our very own TOP BLOGGER … THOMAS L LLOYD !!!

CONGRATULATIONS to each of these realtors and the best of luck for the next phase of the examination.

Bea Lozano

www.TOPmexicorealestate.com

(512)879-6546

PLAYA DEL CARMEN-

The Mexican Association of Professional Realtors is celebrating realtor's day on the 14th of November “This date is quite important due to the extensive development that the Riviera Maya has been experiencing” stated Laura Zapata, president of the AMPI Riviera Maya chapter

MEXICO AMPI CONGRESS

Ms. Zapata also pointed out that the RIVIERA MAYA will also be host to the 37th National AMPI Congress 2008Attending the congress will be C. Carlos Gutierrez Ruiz, Federal Secretary of Housing Development in representation of the President of Mexico, Felipe Calderon Hinojosa Guest speakers for the panel will include Vicki Cox Golden, vice president of NAR from the USA Bruce Greenberg, USA assesor and FONATUR CONSULTANT will be discussing “The USA recession and its affect in the Mexico Real Estate market” Approximately 400 realtors are expected to attend from all over the world

MEXICO REAL ESTATE PROFESSIONAL LICENSE

The AMPI association also congratulates the 80 associates from Cancun, Merida, Villahermosa, and Riviera Maya region who along with another 320 realtor professionals from the nation who participated in the CENEVAL REAL ESTATE EXAM This exam, which is the first in Mexican history, was applied in order to obtain a Mexican realtor professional license Once again, AMPI demonstrates its comitment of maintaining the highest level of quality and professionalism in each of its members.

Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546 or through the company`s web site www.TOPmexicorealestate.com