February 20, 2007



Raising real estate industry standards across Central America
 

National real estate associations exist for most counties in Central America.  And, given the sharp growth of real estate investment in the region, these bodies seem to be getting more active. There are some big ticket items on the table not least the question of licencing, code of ethics and ultimately (maybe) development of an MLS.   The associations are as follows:

  • The Costa Rica Chamber of Real Estate (CCCBR), Costa Rica Global Association of REALTORS® (CRGAR),
  • Camara Salvadoreña de Bienes Raíces (CSBR),
  • Asociacion Nacional de Agencias de Bienes Raíces de Honduras (ANABIR),
  • Camara Nicaraguense de Corredores de Bienes Raíces (CNCBR),
  • Asociacion Panamena de Corredores y Promotores de Bienes Raices (ACOBIR),
  • Camara de Corredores de Bienes Raices de Guatemala (CCBRG)
  • Association of Real Estate Brokers of Belize
  • Federation of Real Estate Associations of Central America and the Caribbean (FeCePAC) - an umbrella organisation that ties the other bodies together with a focus on integration and networking.

The recent activity is a good sign.  The FeCePAC and CNCBR conference held in Managua, Nicaragua last week had a strong turnout with some key action steps to take for more regional integration of real estate approaches and standards.  We were also pleased to see the recent announcement that the Association of Real Estate Brokers of Belize will be working together with the government to establish a code of conduct and general property industry standards.   The US National Association of Realtors (NAR) currently has bilateral agreements with real estate associations in Costa Rica, El Salvador, and Panama and is affiliated with the Federation of Real Estate Associations of Central America.

Filed under: Property news, Belize real estate, Nicaragua real estate, Panama real estate, Costa rica real estate, Real estate trends

2 Comments »

  1. Thanks for the post. I am new to your blog and I look forward to your future work.

    Comment by ModularManiac — February 20, 2007 @ 2:24 am

  2. Raising the standard in real estate is a good thing and I am very supportive. The residential brokerage industry, both in the USA and in many contries across the world, has too many agents - see my post at http://stefanswanepoel.realblogging.com/default.asp?item=236041 - and as a result of low standards and barriers to entry we are struggling to improve the overall image of agents and the level of professionalism. Keep up the good work.

    Comment by Stefan Swanepoel — February 21, 2007 @ 6:38 pm

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