Balearhouse registered in the Official Registry of Real Estate Agents of the Balearic Islands (ROAIIB)

Balearhouse is officially registered in the Official Registry of Real Estate Agents of the Balearic Islands (ROAIIB). We are very pleased that there is finally an official registry for all of us who are professionally engaged in the activity of mediation, advice and management in real estate transactions.

The real estate market in the Balearic Islands is characterized by having a dynamism much higher than the national average and already from the Balearic Association of National and International Real Estate Agents (ABINI) of which we are active members, we insisted on the need to take a step forward to advance in the professionalization of the entire sector and guarantee the rights of all consumers.

HIGHLIGHTS OF THE ROAIIB

-Mandatory registration

Since last November 09, 2024 it is mandatory that all agents are officially registered in the Official Registry of Real Estate Agents of the Balearic Islands accrediting their professional training for the exercise of real estate activity and thus complying with the obligations and principles of action established in current legislation and professional codes. The registration number must be visible on all communications.

- Fight against intrusiveness

This regulation guarantees a legal and secure control in transactions in favor of the quality of the service and the undoubted advantages in the protection of consumers. In this way, those unregistered agents who distort the market and lack the necessary qualifications will be penalized with fines of between € 3,001 and € 30,000 as well as suspension or disqualification as a real estate agent.

- Consumer protection

The final objective is to promote a defense of consumer interests in real estate brokerage services, which necessarily implies creating adequate guarantees to the extent that these services are performed on goods whose acquisition or sale have a great impact on the economy in general and consumers in particular. For this purpose, agents must have Civil Liability policies and Surety Insurance.

CONCLUSION

With the entry into force of the Official Registry of Real Estate Agents, the Balearic Islands has taken significant steps towards promoting fairness and security in real estate transactions. Now consumers can interact with registered agents with confidence, confident of their competence and ability to offer a reliable service. This way a safer property market is promoted for all interested parties.

The outstanding position of Balearhouse in the real estate market of the Balearic Islands is obtained from the constant effort and commitment of all our agents who, through continuous training, ethical code and procedural regulations, achieve excellence in real estate matters. We fully comply with all these new regulations, consequently reinforcing our guarantees of a safe and professional service for a more transparent and fair real estate market.

Balearhouse is registered in the ROAIIB with the registration number GOIBE723315/2024