Is there licensing for Costa Rica real estate agents?

Written by Michael Simons on . Posted in Buying and Selling Property in Costa Rica, Residency

Choosing among the many Costa Rica real estate agents can be a tough decision, and how you choose your agent can be based on many different factors. One of the most important questions perspective buyers need to know the answer to is, “Is there licensing for Real Estate Agents in Costa Rica?”

Yes, there is licensing in Costa Rica for real estate agentsunfortunately, it is not a requirement by law, but we are working very hard to change that. The government of Costa Rica does not force real estate agents to be licensed, but they are very lax about most requirements in business.

Hair stylists don’t need a license and neither do massage therapists, personal trainers or most contractors. It is up to each industry to take control of their own destiny and change it, just like the USA did 50 or 60 years ago.

Fortunately, the government of Costa Rica is changing their ways. Recently, the country passed a law, that said ALL real estate agents and property managers MUST be registered by SUGEF, which is the banking authority that oversees all money transactions. Escrow agents and Money Management companies are registered with SUGEF as an example. The individual must be a permanent resident of Costa Rica, or a citizen of Costa Rica. They must have a background check done by the Costa Rica OIJ and a USA background check done by the FBI. Their bank accounts will be monitored by SUGEF as well as the banks themselves, and if a person receives a commission or handles third party funds, and they are not registered, their accounts will be immediately shut down.

EXPAT in Paradise – Tom Cardella – 66 Going on 19

Written by Michael Simons on . Posted in Costa Rica Charity, Costa Rica Living, EX PATS in Costa Rica, Investing in Costa Rica, Residency

EXPAT in Paradise – Tom Cardella – ‘66 Going on 19′

Win a 1 Week Stay at an Ocean View Home in Costa Rica for $100!!!

In response to the tremendous need to feed and provide basic supplies to unemployed tourism sector worker in the Papagayo area, Tom Cardella has generously offered to raffle off a 1 week stay at his stunning vacation rental home in beautiful Monte Paraiso, Playa Hermosa, Costa Rica.  So here is your chance to donate and at the same time have a chance to spend a week at a luxury ocean view home in Costa Rica.

It’s real simple – Tom is selling 100 raffle tickets for $100 each.  To purchase raffle tickets just deposit to PayPal or Zelle using michael@tanktopsflipflops.com.  Please make sure you put CARDELLA RAFFLE when you make the payment.  Buy 1 or 10, whatever you can.  All the funds raised will be used to feed needy families in the area.  Check out this video explaining the Cardella Challenge – Casa Ventanas Raffle. 

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