Post by account_disabled on Feb 11, 2024 5:05:30 GMT -5
The Law for the Right to Housing that came into force last May has generated a lot of insecurity among the actors involved in the real estate sector and, according to experts, a lack of clarity about what their rights and obligations are. The main doubts of the agencies are the fees they can charge for leases, the data they can provide about the properties they sell and how the declaration of stressed areas in the rental market will affect them.
The experts consulted by idealista/news affirm Australia Telemarketing Data that the Housing Law will have the opposite effect of what it aims to achieve. “It creates confusion throughout our legal system, creating an image of weakness and uncertainty that harms the right it is intended to protect,” according to Gerard Duelo, president of the General Council of the Official Associations of Real Estate Agents (COAPI). .
The regulations also include, as COAPI continues, legal concepts that collide with other laws, in addition to their complexity and difficulty of interpretation, since it is not entirely clear which measures may be the exclusive competence of the State and which of the Autonomous Communities. This uncertainty, Duel predicts, will generate legal uncertainty and discourage investment in housing.
Lack of regulation of the real estate agent profession
What the real estate sector has missed most is the regulation of the real estate agent profession. Both COAPI and the Rental Negotiation Agency (ANA) detect a liberalization of the profession, in which any person without any preparation is still eligible to rent or sell a house.
"It has not even included the minimum condition of requiring a Mandatory Registration for agents who want to dedicate themselves to this profession, as we already have in Catalonia or in the Valencian Community, and which, in addition, requires having civil liability insurance and caution”, they once again highlight from the COAPI.
The viability of some real estate agencies, such as those dedicated only to rental intermediation, can make them disappear from the market, experts warn. According to what professionals and associations explain to idealista/news , in recent months the regulations are causing a drop in the turnover of companies in the sector, layoffs of personnel and a shift in the business towards the purchase and sale segment, given the difficulties in closing operations. linked to rentals, which is no longer profitable for many agencies. In the short term, they rule out that the scenario will improve, which leaves many companies in the sector in a critical economic situation.
In addition to all this, there are several articles of the Housing Law that are generating doubts among real estate agencies about its application on a day-to-day basis.
The experts consulted by idealista/news affirm Australia Telemarketing Data that the Housing Law will have the opposite effect of what it aims to achieve. “It creates confusion throughout our legal system, creating an image of weakness and uncertainty that harms the right it is intended to protect,” according to Gerard Duelo, president of the General Council of the Official Associations of Real Estate Agents (COAPI). .
The regulations also include, as COAPI continues, legal concepts that collide with other laws, in addition to their complexity and difficulty of interpretation, since it is not entirely clear which measures may be the exclusive competence of the State and which of the Autonomous Communities. This uncertainty, Duel predicts, will generate legal uncertainty and discourage investment in housing.
Lack of regulation of the real estate agent profession
What the real estate sector has missed most is the regulation of the real estate agent profession. Both COAPI and the Rental Negotiation Agency (ANA) detect a liberalization of the profession, in which any person without any preparation is still eligible to rent or sell a house.
"It has not even included the minimum condition of requiring a Mandatory Registration for agents who want to dedicate themselves to this profession, as we already have in Catalonia or in the Valencian Community, and which, in addition, requires having civil liability insurance and caution”, they once again highlight from the COAPI.
The viability of some real estate agencies, such as those dedicated only to rental intermediation, can make them disappear from the market, experts warn. According to what professionals and associations explain to idealista/news , in recent months the regulations are causing a drop in the turnover of companies in the sector, layoffs of personnel and a shift in the business towards the purchase and sale segment, given the difficulties in closing operations. linked to rentals, which is no longer profitable for many agencies. In the short term, they rule out that the scenario will improve, which leaves many companies in the sector in a critical economic situation.
In addition to all this, there are several articles of the Housing Law that are generating doubts among real estate agencies about its application on a day-to-day basis.