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September 16, 2022
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Scammers hijack real estate brokers and developers

Concerned about the existence of scammers posing as housing developers, the Panamanian Association of Real Estate Brokers and Developers (ACOBIR) called on citizens to be alert and verify that their brokers are suitable.

They highlighted that there are more than 400 members, with a high level of professionalism and ethical behavior within the real estate sector, that make up the guild.

“We make a call to the community in general for the correct hiring of Ideal Real Estate Brokers, who have the license to practice this profession. It is important to ask the vendor for their license number and verify their information on the MICI website or on the Acobir website to verify that they are a member of our association. With this information, the buyer ensures that he is being attended by a suitable professional”, indicates the president of the Panamanian Association of Real Estate Brokers and Developers, Francisco Cheng.

In our country, the activity of Real Estate Brokerage is regulated and regulated through Decree Law No. 6 of July 8, 1999, which also creates the Real Estate Technical Board in the Ministry of Commerce and Industries and establishes the obligation of have a license to act as broker in a real estate transaction.

ACOBIR provides all the support to those who wish to prepare adequately to practice the profession, offering Preparatory Courses to Opt for the Real Estate Broker License, since this professional must know the laws and everything related to the profession to be able to practice it.

ACOBIR’s objective is to provide a group of accredited professionals who share the same service standards, a portfolio that meets legal and formal requirements. In addition, the support in the formalization of the activity in accordance with current Panamanian regulations.

ACOBIR promotes solutions for the professionalization of the sector as the basis of success for any member, through constant training that allows them to have the necessary knowledge to professionally carry out real estate activity in Panama.



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