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SATURDAY 3 FRIDAY 9 ISSUE 211 NOVEMBER 2012 - pvmcitypaper

SATURDAY 3 FRIDAY 9 ISSUE 211 NOVEMBER 2012 - pvmcitypaper

SATURDAY 3 FRIDAY 9 ISSUE 211 NOVEMBER 2012 - pvmcitypaper

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Real Estate 23byHARRIET MURRAYservices in Mexico under its Bylawsand Code of Ethics, for the purposeof training its members; to dignifyestate practices; and to protect therights of private property.Vision: To be the lead agencyfor real estate professionals andrepresent the union of propertyservice providers, promote training,research and statistics in its sector,and to promote the adoption oftechnological advances for thebenefit of its Members.The philosophy of theAssociation is to develop a sharedvision based on a standardizedoperating criterion under a Codeof Ethics, and to prevent any actthat attacks the integrity of the realestate profession.MLSDefinition: A Multiple ListingService, or MLS, is a marketingdatabase set up by a group ofcooperating real estate brokers.Its purpose is to provide accurateand structured data about propertiesfor sale. It also is a mechanismfor listing brokers to offercompensation to buyer brokerswho bring a buyer for their listedproperty. For members of AMPIin the Vallarta-Nayarit-Compostelachapters, there is AMPI-MLS.The listings on this site aredisplayed courtesy of the IDXprogram of AMPI Vallarta NayaritMLS www.vallartanayaritmls.com/about-ampiThis article is based upon legalopinions, current practices and mypersonal experiences. I recommendthat each potential buyer or sellerof real estate conduct his own duediligence and review.Harriet Murray, AMPI VallartaAssociate Member, can be contactedat harriet@casasandvillas.comRecognition of AMPIAll multiple listing systems are not created equalAt this time, real estate agentsin Mexico are not required to belicensed. In a national effort to raisethe practice of real estate standardsto a professional and ethical level,the Mexican non-governmentalreal estate association AMPI(Asociación Mexicana deProfesionales Inmobiliarios)exists. The Mexican Associationof Real Estate Professionals AC.was founded in 1956.Mission: To be a private, nongovernmentalorganization whichbrings together individuals whoperform professional real estate<strong>SATURDAY</strong> 3<strong>ISSUE</strong> <strong>211</strong> | <strong>NOVEMBER</strong> <strong>2012</strong> <strong>FRIDAY</strong> 9

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