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
It is very good news that universities are offering degrees in Real Estate Sales for Mexico. Even though it’s not need there is so much involved in selling and purchasing a property. With Mexico it’s much more complicated because of the number of foreigners that purchase vacation homes.