Currently in Mexico there is no licensing required for real estate sales professionals. In order to assure that realtors are performing in a professional and ethical manner, the Mexican real estate association, A.M.P.I., (Asociación Mexicana de Profesionales Inmobiliarios), has taken on this responsibility on behalf of buyers, sellers and the general public.
A.M.P.I. has published ethical and fiduciary standards that its members are required to maintain. Those standards provide some assurance that the often complex process of a real estate transaction is less likely to go awry through a lack of due diligence on the part of the real estate professionals.
In addition, A.M.P.I. standards require that their associates be involved in the community they are servicing. Among the requirements for membership in A.M.P.I., there is a need for 100 hours of continuing education and testing, and foreigners working in real estate must be approved to do so by immigration. In a real estate market as active as the Puerto Vallarta area, it is important to know that your realty agent will still be around the day after the ink has dried on the sales agreement.
Another key advantage that A.M.P.I. brokers have over their non-AMPI colleagues in this market is access to the Multi-List Vallarta service. This multiple listing service was developed and is managed by Producciones Viva, the company that publishes this magazine. With more than 650 qualified properties currently in the database, it is the most advanced multiple listing service in the country. Through the MLS, area brokers have access to a much wider range of properties than would otherwise be the case.
A.M.P.I. brokers are listed on www.mlsvallarta.com, the online version of the Multiple Listing Service.
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