Advertisement

Mexico

  • Gonzalo Castañeda Ramos
  • Joseph B. Lipscomb
Chapter
  • 100 Downloads
Part of the Research Issues in Real Estate book series (RIRE, volume 7)

Abstract

In Mexico, real estate brokerage is unregulated. “Currently, Mexico has no formal real estate licensing procedure at the federal, state or local levels.” “Individuals representing themselves as real estate agents range from lawyers to taxi drivers to hotel concierges to shoeshine boys.” 1 Real estate brokers are free to represent their own interests. Thus, buyers and sellers using the services of a broker cannot rely upon the concepts of agency and fiduciary responsibilities. Professional brokers in Mexico rely on their reputation and relationships of trust that have been cultivated over time. A few real estate franchises from the United States, such as Century 21, ReMax, and Coldwell Banker, have opened offices in Mexico to take advantage of their reputational capital.

Keywords

Real Estate Mexico City Project Evaluation North American Free Trade Agreement Taxi Driver 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. 1.
    Hunt, Harold and Ari Feldman, “¡Yo Quiero Casa Grande!” Tierra Grande, the Real Estate Center Journal, April 1999, Publication 1280.Google Scholar

Copyright information

© Springer Science+Business Media New York 2002

Authors and Affiliations

  • Gonzalo Castañeda Ramos
    • 1
  • Joseph B. Lipscomb
    • 2
  1. 1.Department of EconomicsUniversidad de las Américas — PueblaCholula, PueblaMexico
  2. 2.Finance and Decision Sciences DepartmentTexas Christian UniversityFort WorthUSA

Personalised recommendations