Real Estate professionals in Quintana Roo prepare a proposal to reform the law

The Mexican Association of Real Estate Professionals (AMPI) has reported that they are currently working on a proposal to reform the State Real Estate Services Law to prevent fraud and establish more sanctions for those operating as agents without state authorization.

Miguel Ángel Lemus, coordinator of the southern-southeastern region of AMPI, mentioned that they are even considering the active involvement of the Cyber Police to pursue those who advertise on social media.

During a press conference, he explained that the State Real Estate Council, which was reconstituted on September 11th in Chetumal, will be responsible for developing the proposal for reform in the law through working groups. After nine years since the law in this matter was created in 2014, it needs to be modernized to make it more effective and suitable for the current conditions of the real estate sector.

To achieve this, the members of this council plan to hold working group sessions in Playa del Carmen on September 21st and in Cancún seven days later.

According to the organization, the real estate boom includes around 500 new projects in the municipalities of Benito Juárez, Solidaridad, and Tulum.

This week, it was reported that Quintana Roo has been experiencing real estate fraud due to the large number of agents operating without registration. Out of an estimated 7,000 agents, only between 500 and 600 have authorization from the Secretary of Territorial Urban Sustainable Development (Sedetus).

Lemus stated that for this reason, the State Real Estate Council will also create a registry of accredited Real Estate Agents in Quintana Roo.

He assured that AMPI currently has more than 665 members in the state and complies with the current state law by providing various training sessions.

He believes that these measures aim to provide greater certainty in the market, which has sales of between 13,000 and 14,000 properties, to both real estate agents and property buyers in Quintana Roo.

TYT Newsroom