Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

New regulations to help Spain's real estate industry

Source: Perez Legal Group - Tue 27th Dec 2011
New regulations to help Spain's real estate industry

In order to improve the status and reputation of Spain's huge real estate industry three new qualifications (covered by the BOE. 276 Royal Decree 1550/2011 of 31 October) have been introduced that should improve the quality of professionals working in the industry.

The most basic of these, Commercial Real Estate Management, ensures a desirable level of competence. The legislation covering this qualification notes the content of this course: "Securing and marketing products and focusing on assisting real estate mediation and legal procedures, plus fiscal and financial aspects of the sale, purchase or rental, in direct contact with the customers or through various marketing channels, coordinating a team of business and using, if necessary, the English language."

The new real estate qualifications will ensure that employees and self-employed vendors have first achieved a certain level of expertise in the following areas: sales, recruitment, technical sales and commercial real estate. The authors of this new era for the industry state that its main aim is to equip the 'sales infantry' and their managers with all the skills and knowledge necessary to work effectively and efficiently.

The general responsibilities spelled out in these new professional qualifications are:

1) Capturing and arranging real estate brokerage commission.

2) Managing the sale and distribution of real estate products through various marketing channels.

3) Assisting in handling mediation and legal, fiscal and financial real estate, aimed primarily at commercial real estate.

4) Managing the sales force and coordinating the sales team.

5) Communicating in English with a separate user level in business.

The training associated with these new certificates consists of approximately 570 hours and Spain's more responsible real estate professionals are hoping that they will improve the standing of every business. With a greater degree of protection offered to property purchasers as well, this can only be a positive move as the UK press obsesses about the number of unsold newly-built property on the Spanish costas.

Thanks again to Raquel Perez from Perez Legal Group for keeping us up to date with these changes.

Comment on this Story

Lance, we have spoken with Raquel Perez, the author, who informs us that the qualification can only be taken in Spanish at the moment.
Tumbit - Admin - Thu, 29th Dec 2011
Would anyone know if this qualification would be available to take in English?
Lance - Thu, 29th Dec 2011

Related Partners

Recommended Items

Related Articles

Related Blogs