Posts Tagged ‘Costa Rica Residency’

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.

Covid-19 Update Playas del Coco, Guanacaste, Costa Rica

Written by Michael Simons on . Posted in Costa Rica Living, Costa Rica Real Estate Market Update, EX PATS in Costa Rica, FAQ's, Investing in Costa Rica, Papagayo Region, Residency

Covid-19 Update – Playas del Coco, Guanacaste, Costa Rica – July 29, 2020

Good afternoon everyone.  I just wanted to send out an update about the current Covid-19 situation happening right now in our little slice of paradise.  I also wanted to record these videos for you so you can see that I am doing well and we are waiting patiently for the borders to open up and things to return to normal so you can come and enjoy the lifestyle down here in our beautiful corner of the world.

First of all this is a short video with some up to date information as it relates to Covid-19 and being able to come to Costa Rica

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