JS :<\/strong><\/em> \u2026.It was culture shock for me at first when I moved from BC Canada as a licensed real estate agent\u00a0 to Playa del Carmen in 2003 to see the differences in how business is done between BC and Quintana Roo.\u00a0<\/span><\/p>\n Now that I have so many years experience as an owner\/broker of a real estate company in Playa del Carmen, the practices are second nature.\u00a0<\/span>However I understand how foreigners feel when the cross the border and venture into the real estate market in Mexico. I<\/span>t is our role to give you the education and information needed for you to make your own best decision when purchasing property in Playa del Carmen or Tulum,\u00a0 Mexico.<\/span><\/p>\n VCMR : What are some of the differences between Quebec and Playa del Carmen, Quintana Roo?<\/strong><\/em><\/p>\n JS : <\/strong><\/em>First it is important to know who you are working with and how they do business. <\/span>Many \u201cagents\u201d are independent with no education no experience and no understanding of fiduciary duty to you the customer.\u00a0 <\/span>Here at <\/span>LIvingRivieramaya.com<\/span><\/a>\u00a0 we work in a Canadian model of real estate.\u00a0<\/span><\/p>\n I am the broker of my company and I have 5 buyer agents working at the agency. They meet with me and I am responsible for their actions.<\/span><\/p>\n Since late 2014, there is a law in Quintana Roo that anyone selling real estate in any capacity should be licensed.\u00a0<\/span><\/p>\n Since early 2016 I have license number 83. <\/span>To become licensed, there is an educational component of the license, then there is steps of the government body to become licensed.<\/span><\/p>\n An agent must renew the license every year with 30 hours of continuing education! <\/span>In all Quintana Roo,\u00a0 there are only about 285 licensees,\u00a0 where there are about 2500 \u201cagents\u201d. <\/span>Most \u201cagents\u201d\u00a0 have no training,\u00a0 no education,\u00a0 and little experience, yet many foreigners trust them with a big investment. <\/span>The agents are acting in their own interests, not yours. <\/span>This is one of the biggest differences in real estate in Quintana Roo and Quebec – the lack of regulatory enforcement of licensing. <\/span>Know who you are dealing with.<\/span><\/p>\n Next big difference is that there is NO central MLS where all properties are listed for all agents\/ clients to search and see. <\/span>There are a million different agent websites, and it is very confusing\u00a0 because you can see the same property listed 5 times at 5 different prices.<\/span><\/p>\n Keep in mind that just because you see it online does not mean it’s an accurate price or even that it is really for sale.\u00a0 <\/span>We have access to all the properties and can show you any listing by anyone. <\/span>We verify the true status of the property for you that saves you time money and energy.<\/span><\/p>\n Another major difference is here in Mexico we are primarily a cash-based market.<\/span><\/p>\n Meaning the price you pay is the price in cash that you wire transfer, from your own resources. No bank financing in Mexico for foreigners.<\/span><\/p>\n Roles of notarios and lawyers are somewhat different here.<\/span><\/p>\n Lawyers legally represent you at the purchase contract level and liase with the notarios throughout the closing process to ensure you receive a clear title.<\/span><\/p>\n Notarios, by comparison are all lawyers first, with many years experience. Then there are specialized courses and exams for notarios. Once all that is passed, a notario may be appointed by the governor of the state. It is a lifetime appointment.\u00a0 There is one notario for 30,000 in each location.<\/span><\/p>\n VCMR : What makes the notario so special in any real estate transaction?<\/strong><\/em><\/p>\n JS : <\/strong><\/em>Notarios are the only authority that can create a new deed,\u00a0 or convey deeds between parties.<\/span><\/p>\n They are also the person to assess and collect and pay any capital gains tax for the seller.\u00a0 The bonus is on the notario to pay capital gains tax, not the owner. <\/span><\/p>\n If I were an investor like you reading this, really I might be daunted by this information. <\/span><\/p>\n Rest assured,\u00a0 that when you want to own real estate in Mexico, at <\/span>LivingRivieraMaya.com<\/span><\/a>, we have serving customers like you to ensure you have a smooth enjoyable process . You will make a safe and secure investment in Riviera Maya.<\/span><\/p>\n To learn more about Judi Shaw:<\/p>\n![\"\"](\"https:\/\/viacapitaledumontroyal.com\/wp-content\/uploads\/Judi-Shaw-Living-Riviera-Maya-273x300.jpeg\")
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