Law Regulating Real Estate Professionals Approved in Jalisco

To provided security to real estate investments and avoid fraudulent practices, Local Congress approved a law that establishes the registration and accreditation of real estate service providers in the State of Jalisco, which will regulate advisers and real estate agents, who must have verifiable preparation and experience. 

Here in Puerto Vallarta, this approval was presented at a press conference by the deputies Mirza Flores and Gabriela Cárdenas, as well as Oscar Ramírez, director of Planning for the Development of Zapopan, together with Patricia Virgen, president of AMPI Cabo Bahía Sur, and Carlos Lemus, president of AMPI Riviera Nayarit. 

This new legislation, which will enter into force once it is published in the Official Journal of the State of Jalisco, will check that any real estate consultant that is practicing must be accredited and, if appropriate, will be suspended for any malpractices or failure to meeting the requirements needed to professionally provide such services.  

The new law will also require real estate service providers to have 120 hours of training and, in case of renewal, 60 hours. 

“With the approval of this law in Jalisco, which seeks to monitor the role of advisors and the real estate agencies to prevent real estate fraud, Jalisco is added to the 22 parts of the country that have legislation on this matter.” —Oscar Ramírez, director of Planning for the Development of Zapopan.

Personalities related to the real estate industry met to explain the details of this new law.