Some Real Estate Brokers and their Agents, Real Estate Appraisers, Mortage Brokers and their Agents are flocking to Mazatlán on the weekends to do business!!

As a consumer you must ask questions to protect yourself and set forth proper consumer protection factors!

Do these “professionals” have the legal authority to do business in Mazatlán?

Do you or your organization have a Mexican Corporation registered with the Federal authorities in México?

Do you have an FM-3 (Work Permit)?

What is your company’s RFC # (IRS#)?

Are you registered with the State of Sinaloa as a Real Estate Professional?

Are you a member of AMPI Mazatlán?
AMPI (Associación Mexicana de Profesionales Inmobiliarios, A.C.) is the United States equivalency of NAR (National Association of Realtors). Check the local AMPI web page at: www.ampimazatlan.com.mx . Please note the ethics section!

Are you or your organization registered with CANACO (Camara Nacional de Comercio) in Mazatlán?
This is the local version of Mexico’s Better Business Bureau.

Are you a member of AMPIBOLSA?
This is the AMPI Mazatlán MLS sistem. Check their web page at: www.ampibolsa.com .

What is your competency and experience to provide these services in Mazatlán?
Be specific. Have the professional provide references and closed transactions!

Many “professionals” illegally do work in Mazatlán over the weekend. Issues you should be concerned about include:

a) They are violating Mexico’s Hacienda and Foreign Investment Rules!

b) If they are Real Estate Licensees within the United States and do not have an FM-3 work permit granted by the Mexican government, they are breaking the rules of their respective states and NAR’s Code of Ethics. Similar ethical and legal violations may also be true for the other “weekend warrior” appraisers/mortgage agents!

c) These “professionals” are doing a disservice to both the public and their respective professions.

The “legal” professionals in Mazatlán have spent much time and money to do it right! AMPI Mazatlan, CANACO, AMPIBOLSA, the State of SINALOA and the AMPI have put guidelines and rules in place to protect you. Ask the right questions!

L.C.I Alfredo Reynaga Chicuate,MBA
President of AMPI Mazatlan A.C
presidencia@ampimazatlan.com.mx