A public registry of 'Real Estate Agents’ is being created in the Canary Islands

Sebastián Franquis, the Minister of Public Works, Transport and Housing of the Canary Islands Government, announced yesterday to the Business Association of Real Estate Managers that an order has put in place to create the first public registry of Real Estate Agents in the Canary Islands.

The register is to help property buyers or renters identify professionals in the sector in an appropriate way, with transparency and service guarantees, to protect consumers and encourage quality of a service that usually involves large outlays of money for people.

The registration will be free and voluntary, but it will be necessary to have a fiscal domicile in the Canary Islands, with an establishment open to the public, or to provide a video conference service on the islands and prove your professional capacity by belonging to the Official College, or other criteria of qualification and certified professional experience.

In addition, professionals must have sufficient financial solvency through the necessary guarantees and liability insurance.

The councillor also announced the intention of starting these procedures with representatives of the sector, with the aim of regulating the real estate sector, allowing better access to the housing stock of the Canary Islands and thus complying with one of the main axes of the Housing Plan of Canary Islands 2020-2025.

Franquis assured that "this is one more step in the implementation of this very important plan for the Canary Islands, after the approval of the Decree Law for housing rental aid 2020-21 and the acquisition of 323 protected homes in a rental scheme, are some of these first actions”.

In addition, he also highlighted that he will hold a meeting with the Canarian Federation of Municipalities (Fecam) "to begin to implement another of the axes of this Housing plan, which is the program to combat the depopulation of rural areas."

The aim of this program is to promote the construction of rental housing and the rehabilitation of buildings so that they maintain habitability conditions, always focusing on municipalities with fewer than 20,000 inhabitants in the Canary Islands.