Real Estate Agent Requirements in The U.S./Canada vs. Dominican Republic
In the United States and Canada, Real Estate agents go through a mandated process and are licensed to be involved in real estate transactions. A real estate agent can list homes for sale, help buyers navigate the process, show homes to prospective buyers, and handle the various paperwork of a real estate transaction. Generally, Real Estate agents must:
Successfully complete real estate training approved by the state or provincial real estate commission, association or council.
Submit an application to the state or provincial licensing body and pass a criminal background check.
Pass a comprehensive real estate exam.
Work under the supervision of a Broker.
Maintain license by completing additional courses (yearly) as required by the state or province.
It is common for real estate agents to work only on behalf of those looking to buy or work on the behalf of a seller. That way, you know you will not have a conflict of interest because the agent will not be working both sides of the transaction. In the United States IT IS required by law to disclose if an agent is working for both the seller and the buyer. It is also unethical not to disclose this to your client.
That is not the case in the Dominican Republic. There is no training or license require to sell real estate in the Dominican Republic. Most agents have little to no training, do not hold a valid license, and do not receive additional training.
ASK YOUR AGENT FOR HIS/HER CREDENTIALS.