We have seen how media shows Costa Rica as the One of the World’s Top Retirement Destination. The conclusion is that there is no Retirement Crisis. In Fact, North American Retirees Say They Now Live Better Than Ever, here in Costa Rica.
Though Costa Rica is a small country, like the size of West Virginia in USA, there is actually a tremendous variety of landscapes, lifestyles, and micro climates in each of its lovely regions. Whether you want to live in a bustling costarican market town, in a typical rural village, on your own off the grid, self sustainable farm, in the jungle, on the beach, in a cliff-side ocean-view condo, or on top of a mountain with 100-mile views—you can find your dream location in Costa Rica.
WHAT IS REAL ESTATE BROKERAGE IN COSTA RICA?
Real estate brokerage can be defined as the intermediation in the real estate negotiation, understood as the intermediation between offer and demand, be it between buyer and seller or real estate management, or disposal of real
estate, by ways and means tending to implement a deal respecting not only the real estate law but also the rights of the parties involved.
The service of real estate brokerage starts when a person gives a broker the right to find a buyer, seller, tenant or landlord or when a client give the right to a broker to find a property against a fee which can be a fixed amount or a percentage on the value of the transaction or the first month of rent.
In short, real estate brokerage is a process that leads to the transfer of a real estate right, in other words, the transfer of a property. It so becomes a matter of public interest and hence requires a crystal clear procedure that respects the rights of all parties involved. It must be exclusively exercised by market experts who can guarantee the fairness, legality and transparency of the process and who do preferably belong to a recognized and organized professional association of Realtors
WHO IS A REAL ESTATE BROKER?
The Realtor is a facilitator of real estate transactions His primary function is to
advise and provide accurate information on properties that are for sale or lease. As
such, it has a dual commitment of loyalty:
1.- To the “Client Owner”, and
2.- To the “Client Buyer”,
The Realtor is in the middle of both, he intermediates between two positions and objectivity is needed to ensure the interests of all. He must always give priority to the interests of who contracted him. He should not take sides nor should he let his own particular interest prevail.
Since brokerage is a process that leads to the transfer of a property right, the broker is required to guarantee the greatest fairness and transparency to the negotiation which he has in charge, ensuring fairness to the parties involved.
The broker must know and comply with all the laws and regulations of the country, he must be aware of trends in national and international markets, verify all the documents of the property with the Land Register, he must know his client,
notify of any apparent defect, maintain confidentiality, and act with complete transparency.
Here at Costarican Gurus, we are a small group of independent professionals, but well trained with technical certificates and degrees, totally connected with the Costa Rican Real Estate and specialties.
