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Video: The role of the real estate agent in Costa Rica

Roger

Costa Rica has no licensing requirements for real estate agents, so literally anyone can be one. This is good for aspiring agents, but aspiring buyers should understood exactly whom they’re working with, and whom that person is working for.

In this video, Costa Rican attorney Roger Petersen explores the role of the real estate agent in Costa Rica, especially in the closing process, and why you should proceed with caution.

Watch the video below.

 

Contact Roger Petersen at (506) 2288-2189 ext. 101 or at rpetersen@plawcr.com. Read his blog at www.CostaRicaLaw.com.

8 Comments »

    Robert Davey | February 17, 2017

  1. Mr. Petersons doomsday attack on real estate agents and brokers is nonsense.
    Although a Wild West does exist with untrained and unlicensed realtors many
    (over 800) are licensed and formally trained. Two formal private real estate
    bodies exist. CCBR and CRGAR. Both of these organizations operate
    independently and provide training to gain formal credentials recognized
    by the private entities and embraced by the membership as thier acting
    authorities. This is actually normal worldwide as 90% of real estate
    association representing countries world wide are self goverened without
    government regulation as verified by ICREA the International Real Estate
    Asociations Association. Real Estate reprepresentatives do represent
    buyers directly and I have to take Mr. Petersons slam on the professionals
    in the industry as highly inaccurate as delivered. Robert Davey,
    Plantacion Properties, Christie’s International Real Estate Costa Rica
    and former President of CRGAR.

  2. Thomas Patrick Rosenberger | February 17, 2017

  3. After reviewing this informative video, I now understand that people interested in purchasing property in Costa Rica are relying on a real estate agents experience in the country and the only reason to confide in an agent would be from the recommendations of satisfied customers. I wonder if this informed attorney recommends any particular real estate agents.

  4. Ronald Umana | February 17, 2017

  5. Thank you Roger is true we need to get the Real Estate license , its a priority !

  6. Brian Schaller | February 19, 2017

  7. Nice synopsis of Roger’s article Thomas. I agree with you.
    I’m not sure why Mr. Davey chose to write a hit job on a well written, succinct article concerning Costa Rica R.E. agency law.
    I don’t know where Mr. Davey is from but he appears to be intimidated by Roger and competition in general. I question opinions that are written without clarity and an obvious lack of understanding of basic English grammar.
    Christie’s professes to be an international business that caters to “elite” clientele.
    In today’s global economy, anyone can advertise as a professional without the requisite education. Roger gave us specific facts concerning R.E. in Costa Rica. Your angry spiel is more in tune with Trump’s defense of fraud relating to his R.E. schools and bankruptcies.
    Work hard and you’ll be successful, but don’t try to change Costa Rica.

  8. Rolf Beckman | February 19, 2017

  9. The comments were bang on! Especially the glacial pace of legal proceedings, there are still cases from last ice age working thought the legal system no doubt.

    In Cost Rica, the old saying of ‘an once of prevention is worth a pound cure’ is more like ton of cure… Be very cautious with all legal dealings in Costa Rica related to real estate and business.

    I can tell you from personal experience that breaking even in Costa Rica is a real win! I used to own the Blue Palm Hotel in Jaco and have personal experience, and have heard countless sad stories from guests in relation to this topic.

  10. Robert Davey | February 20, 2017

  11. Yes, punching out a message with thumbs on a phone doesn’t always come out edited so point taken. Also, I know Mr. Peterson personally and I do know him to be a top or ofetional. I am disagreeing with his message that licenses do not exist and that buyer’s do not have representatives. Both untrue. We have been working for over a decade to get government regulated licensing and that process has proven to be very slow but is gaining traction.

  12. Ivo Henfling | February 20, 2017

  13. For those who don’t know Bob Davey, Bob was one of the very first real estate brokers in Guanacaste with a formal real estate office in Flamingo, the Marina Trading Post. Bob is one of the most knowledgeable real estate brokers in the industry and just like me, always working in favor of professionalizing the real estate industry.

  14. Brian Schaller | February 20, 2017

  15. I still agree with Thomas, if one wants to buy R.E. in Costa Rica, find someone that has a track record that speaks for itself.
    Anyone can say they are a R.E. “broker”, including my favorite taxi driver
    Davey appears to have a problem with Roger explaining the LAW in Costa Rica. Mr. Davey, please tell me what remedies a seller or buyer has against anyone that receives a sales commission if there is misrepresentation or fraud?
    I don’t know what a “formal office” is nor does being one of the “first”, in and of itself a reason to support someone that attacks a C.R. R.E. attorney. If you want a diploma, go to law school!
    If you want more clients write a column or tell all why you deserve that work. Again, your hit job is unprofessional.

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