Estate agents

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This topic contains 1 reply, has 2 voices, and was last updated by Profile photo of Mark Stücklin Mark Stücklin 1 year, 2 months ago.

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  • #187685
    Profile photo of Concened
    Concened
    Participant

    I have recently been in contact with an English estate agent based in Spain in regard to buying a property. However I can find nothing on his website to prove that he is a properly registered estate agent and not one of the ex-pat conmen/cowboys you unfortunately read about. Is there a regulatory body in Spain that estate agents are obliged by law to belong to or is it just a self enforced code of practise that prevails. He is compliant with decree 218/2005 but that only applies to data protection.

     

  • #187716
    Profile photo of Mark Stücklin
    Mark Stücklin
    Keymaster

    Hi Concerned,

    There is an official college of qualified real estate agents in Spain
    http://www.coapi.es/es

    However, membership of this is not a legal requirement. Anyone can set themselves up as an estate agent in Spain, without any training or qualifications.

    It also depends on the region. In Catalonia, for example, estate agents have to register with the Generalitat (regional government) and comply with certain requirements in order to operate and get a registry certificate, which has to be displayed in the company office.

    In many parts of Spain, especially on the costas, there is no control or regulation. It’s like the wild west. But anyway, what good does regulation do? In the boom years, some of the biggest estate agents on the Costa del Sol were properly registered and licenced, whilst also being run by crooks.

    Where are you looking?

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