The Association of National and International Real Estate Agencies (ABINI) has assessed the data released on Monday regarding the Balearic register of real estate agents, which now exceeds 1,800 registered professionals, as clear evidence of the need to strengthen regulation in the sector and move towards a model that offers greater security for citizens.
ABINI emphasises that the Government of the Balearic Islands has consistently demonstrated its willingness to provide the real estate sector with a solid, transparent and protective regulatory framework. However, the association regrets that the limitations imposed by the central government have prevented the register from becoming mandatory.
‘The Balearic Government has understood from the outset that compulsory registration is a key tool for protecting consumers and regulating the market. The problem does not lie with the Balearic Islands, but rather with the obstacles being put in place at the national level,’ said ABINI President Daniel Arenas.
ABINI recalls that it has been advocating for years for compulsory registration as a fundamental measure to combat professional intrusion, prevent fraud and ensure that those who act as intermediaries in real estate transactions meet basic requirements in terms of training, responsibility and solvency.
In light of this situation, the association is calling on the central government to reconsider its position and establish a legal framework that allows autonomous communities to move towards more stringent regulatory models. ‘It makes no sense to hold back a measure that brings transparency, legal certainty and confidence to a market as sensitive as real estate,’ Arenas stressed.
While this limitation persists, ABINI considers it essential that the Balearic Government reinforce its information campaigns aimed at citizens to raise awareness of the importance of buying or selling a home through registered agencies.
‘Citizens should know that working with registered professionals is a guarantee of safety and good practice,’ added the association’s president.
ABINI insists that the high number of registered agents shows that the sector is ready to take on greater levels of demand. ‘Regulation is not a problem for good professionals; on the contrary, it protects both the client and the profession itself,’ concluded Daniel Arenas.
