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Real estate agents in Spain

Though the internet has made it easier to avoid using real estate agents when buying or selling property in Spain, most foreign buyers will work with one or more brokers because of the valuable service they can provide, such as valuing a property, and helping close a sale. Unfortunately there are always a few ‘cowboys’ in the business who can create big problems for buyers and vendors. It is important to avoid the cowboy real estate operations in Spain. You should investigate the reputation of real estate agent in Spain before deciding to work with them.

Spanish real estate agent associations

The Spanish real estate market is plagued by a lack of professionalism because anyone can get into the business and start acting as a real estate broker. No qualifications or training are required to charge fees and commissions from unsuspecting buyers and sellers of property in Spain. In the past membership of one of Spain’s professional real estate associations like the API and GIPE was as a legal requirement for anyone brokering property in Spain. This ensured that anyone legally selling property had the training and qualifications to do so. However, since market deregulation in the year 2000 anyone can work as a broker, so professional qualifications and training are no longer necessary to make a living selling property in Spain, though some regions like Catalonia still do require professional qualifications to work as a registered broker in that region.

The importance of working with professionals

The Spanish real estate business will always attract chancers because it is lightly regulated, unfamiliar ground for buyers where reputations are difficult to check and commissions are high, but the vast majority of real estate agents in Spain are good professionals who can add value for their clients.

Good real estate agents help:

  • Value properties
  • Introducer buyers and sellers
  • Close the sale
  • Arrange the paperwork
  • Offer a multilingual service for foreign clients

Bear in mind that real estate agents in Spain are typically paid by the vendor, which means they are not paid to look after the buyer’s interests.