If you’ve ever purchased residential or commercial real estate in the United States, you are probably familiar with the NAR ~ the National Association of Realtors. This organization links realtors all over the USA together through a set of common industry held expectations about the buying and selling of property, and binds its members with a strict code of professional ethics to protect the legal and property rights of their clients.
Buying property with the help of a licensed real estate agent gives you a reason to feel confident in your real estate transaction and allows you to rest assured that all necessary paperwork has been completed and filed according to a specific timeline so that your purchase is 100% legal.
Thanks to its mild tropical climate, stunning beaches, immense stretches of undeveloped land and hospitable people, Baja California has become a major new frontier for US and other foreign investors who wish to live in Baja or develop land there. However, the laws governing property ownership by foreigners are quite different in Mexico than they are in the United States. If you’re interested in finding that perfect little parcel of land by the sea, it is a good idea for you to work with a real estate broker who is also a member of La Asociación Mexicana de Profesionales Inmobiliarios, A.C. (AMPI), the Mexican counterpart to our NAR.
As long as they remain in good standing, Mexican real estate brokers, developers, financial consultants, property managers, appraisers and consultants are all invited to become members of AMPI. It is worth noting that according to AMPI National, most AMPI members hold a degree in real estate, are registered with PROFECO (Mexican consumer protection agency) and are federally certified in real estate by CONOCER.
AMPI members participate in exclusive, up-to-date training through a variety of courses, meetings, seminars and a major annual international convention. They are also able to join foreign real estate associations such as our NAR, the Canadian Real Estate Association (CREA) and FIABCI (International Real Estate Federation) at an international level. Thanks to their excellent network of international contacts, International AMPI members may assist you with property transactions both within and outside of Mexico.
AMPI has over 50 chapters located throughout Mexico and a sixty year history of excellence. Each chapter is independent, with its own board of directors. The group as a whole has over 4000 affiliates and associates throughout Baja California and mainland Mexico. Together they work to create and uphold laws governing the Mexican real estate industry and work under their code of ethics designed to protect the property rights of investors. Their organizational goal is to make sure that all real estate transactions throughout the Republic of Mexico are "reliable, trustworthy and efficient".
Most AMPI member firms are also members of the MLS for their particular city and may show you any property you are interested in viewing at a given time.
So what does this mean for you, the investor? If you want to find the perfect property in Mexico and receive intelligent and accurate guidance about how to purchase it correctly (and legally!) make sure the team of professionals you hire to assist you in all aspects of your transaction belong to AMPI.