By Jorge M. Conde, Esq.
If you are entering the real estate market, the first thing you will encounter while trying to find help for buying, selling or renting a property is a Real Estate Professional; yet only 17 out of the 32 states in Mexico regulate the services of Real Estate Professionals.
The state of Baja California Sur has recently joined the list. On June 27th, 2017 the local Congress approved the “Law to Regulate Real Estate Professionals in Baja California Sur”, which requires all Real Estate Professionals to obtain a License and register before the local Registry of Real Estate Professionals, to provide brokerage services to the public.
To obtain a License, legal entities (brokers) and individuals (agents) shall submit among other documents, legal documentation evidencing their existence/identity, Tax Registry Number (RFC), a certificate of criminal background check and most important, evidence their professional qualifications (exceptions apply during 2019). Legal entities with a License bears responsibility for the actions of the real estate agents or advisors working under its supervision, who should also suffice the same adequate training as the licensed individuals.