Does your real estate agent in Los Cabos have a license? Until this year, real estate agents in Cabo were not required to have a license. But thanks to a law passed in 2018, by the end of this year all real estate professionals in Los Cabos will be required to have a real estate license.
When I moved to Cabo and decided to get into real estate, I just assumed I needed some kind of license. Before I started, I interviewed with the sales manager at the brokerage I was joining and he strongly suggested I get my U.S. license. I didn’t realize it was because there was no requirement in Cabo and he wanted to ensure I was well trained.
I went to 90 hours of class time and passed both state and national exams required by the state of Arizona. I found the learning invaluable once I started practicing. Not everything is done exactly the same way as in the U.S., but there are some consistencies in terms of practice. And good ethics should be required wherever you are – with a license or without.
As I started meeting other agents in Cabo, I found some had licenses from the U.S. or Canada, but many did not. They were learning by doing, not by knowing or full understanding industry standards, requirements and best practices.
The process of obtaining a license in Baja is very different than in the U.S. There is not the required class time, but there is an oral interview and submission of documents is required. Plus, you must submit a “proof of no criminal record,” official identification and a few other items and pay a fee to obtain your license. The process is a good starting point to ensure agents have a level of standards in knowledge practice and behavior.
I recommend to anyone coming to Baja looking to see and/or buy a condo or a home to ask your agent for their qualifications. You will want to ensure that they have their Mexican real estate license. You also want to make sure they are members of our MLS (multi-listing service) and, ideally, members of AMPI, the National Association of Mexican Real Estate Professionals. This organization has been around since 1956. When an agent joins AMPI, they also obtain their membership to NAR, the National Association of Realtors, in the United States. Both AMPI and NAR have codes of ethics to which members must adhere.
Buying real estate in Mexico can and should be an incredibly exciting and rewarding experience. To ensure that this is the case, it’s important to have a qualified, professional real estate representative on your side.