Being a Real Estate Agent in the Dominican Republic

7 augustus 2022

Currently there is no law or order in this country that legalizes this profession. In this same way I tell you that registration in the Asociacion de Agentes y Empresa Inmobiliarias is relevant, all this since you will be constantly updating and preparing real estate issues, as well as working with the regulated code of Ethics.

Knowledge of the laws that affect you, the physical and legal conditions of the properties you offer, your vocation for customer service, among other parameters, are necessary to be a successful real estate agent in the Dominican Republic.

Getting Listings is relevant in the real estate process because it is responsible for making up the inventory of properties, it is important to say that, if you are going to work with sales of tourist properties, low-cost properties, luxury properties, plots, a specific area of the country or city, among others, the most appropriate is to specialize in a specific area. It is of the utmost importance to be sure that the legal paperwork that accredits said property is in due order, all this to prevent a sale from falling because there is a demand for these, among these documents there are the plans, the Real Estate Tax certification, the written proof, in case of being a private owner, the identity document of the owner.

If there is the case of being a construction company, there must be the document that constitutes the company. If the owners are abroad and there is a proxy, there must be a power of representation from the consulate of the country where the owner is, thus being apostilled with his ID and passport.

In the same way, it is opportune to mention that any negative detail of the property must be thoroughly known in order to have a better handling when the time for objections arrives.

Currently the head of real estate success is Digital Marketing. It is extremely relevant to have a web page, in which all the inventories of the properties can be published, and what would lead to a sure success is to have it well positioned in the digital world, through SEO strategies, all this so that your clients can find it less laboriously.

Once the property that you show to your client has been captured, it is very important that you know it in its maximum expression, in order to avoid a bad moment and offer the best. Knowing details like; the minimum price, the financing that you can provide, a target audience, the environment that surrounds the property, as well as its characteristics.

Now, what laws should I know if I want to be the best real estate advisor? All this depending on the area of real estate to which you want to dedicate yourself, offering the client the best alternative for their investment.

Among some of the most important order in the area of real estate in the Dominican Republic, are; Law No. 28-01, which creates a special border development zone, Law No. 16-95 on investment abroad, Law No. 158-01 Promotion of tourism development for poorly developed poles and new poles in the provinces and localities with great potential and creation of the Official Fund for tourism promotion, Law No. 171-07 on Special Incentives for Rentiers and pensioners of Foreign Origin. among some others

It should be noted that, if you already have knowledge of the property, from its external and internal environment, its economic and legal aspects, its basic services and its characteristics, you must offer all the information correctly and also necessary, as well as highlight its environments and characteristics, and the benefits for which you should purchase the property. In addition to this, ensure accessibility to the property moments before the appointment, all this for the comfort of both.

Being a Real Estate Agent in the Dominican Republic

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