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The Government is considering deregulating the real estate market: what do the sector's chambers think? - Infobae
Source:
www.infobae.com
February 06, 2025
The Ministry of Deregulation is considering making membership of a professional association no longer mandatory for real estate agencies, among other changes. A decree is expected in the next 45 days.
By Jose Luis Cieri
The Government is betting that deregulation will boost the real estate market and boost the buying and selling of homes in Argentina (Illustrative Image Infobae)
The Government of Javier Milei is working on deregulation of the real estate activity, as reported yesterday by Infobae . The Minister of Deregulation and Transformation of the State, Federico Sturzenegger , visited the Casa Rosada in recent days to advance these reforms. A day before, it was the President of the Nation himself who went to the offices of the Ministry, located on Roque Sáenz Peña 788, a few meters from the government headquarters.
There is still no precise date for the decree that will include the modifications, although it could be finalized in the next 45 days. Although there are no specific details about the measure, the focus would be on making it no longer mandatory to be registered to offer real estate services and that there are new agents dedicated to the activity who are required to undergo training but not mandatory registration.
The idea, according to official sources, is for these new modalities to coexist with traditional professional associations so that there are different options on the market. The reform does not, in any case, contemplate the elimination of associations, but rather that it will no longer be obligatory to belong to them in order to be able to engage in real estate brokerage.
If the DNU is implemented, anyone could sell properties without registration, a measure that generates support and rejection in the sector (Illustrative Image Infobae)
With the reform under study, the Government seeks to encourage competition and reduce costs for buyers and sellers (the ITI and the exemption from the Stamp Tax in CABA have already been eliminated ). In the real estate sector, the debate focuses on the impact that a relaxation of the current regulations could have. The activity historically operated with different regulations, but technology and changes in consumer behavior have modified commercial dynamics.
Digital platforms and independent agents have gained prominence (in fact , the real estate war between schools and Re/Max is famous ), challenging the traditional scheme. The key question is how the market will respond to an eventual opening and what impact it will have on legal security and the quality of service.
Industry sources say some schools have wasted money, including on websites whose purpose is unclear.
Mariano García Malbrán , president of the Chamber of Real Estate Services Companies (CAMESI) , expressed his support for the deregulation of the real estate sector and stated that “ reducing bureaucratic procedures and costs would improve the market .” He pointed out that measures with this orientation, such as the repeal of the Rental Law, demonstrated positive effects on the activity.
He also criticized real estate associations for charging high fees to brokers without offering valuable services in return. “Membership should be voluntary and these institutions should attract professionals with real benefits, instead of forcing them to join without offering them significant improvements,” added García Malbrán.
For her part, Josefina Pantano , president of the Argentine Real Estate Federation (FIRA) , rejected the intention to deregulate the real estate market and defended the current registration system. “Argentina is positioned in Latin America as one of the most professionalized and organized countries in terms of real estate brokerage. Our system ensures competition among all professionals equally, avoiding monopolies that harm the diversity of supply and demand,” she said.
He argued that training is key to innovation and consumer protection, as it prevents fraud, deception and misinformation. Pantano stressed that Professional Associations play an essential role, alleviating the administrative burden of the State without generating costs for public spending. “Eliminating entities that contribute to the value chain and continuous improvement is not only unnecessary, but represents a step backwards in the search for balance and competition ,” he warned.
Alejandro Moretti , a member of the Buenos Aires Real Estate Association, said that there is still no certainty in the sector about the scope of the possible deregulation. “I am in contact with more than 60 or 70 colleagues from different areas, even from other provinces, and the truth is that we do not know exactly what it is about,” he said.
He pointed out that the market is going through a period of high activity, with a record number of deeds and rental transactions. Moretti questioned the need for changes: “I don’t know why the Government wants to modify something that works well today after more than five years of crisis . ”
www.buysellba.com
Source:
El Gobierno evalúa desregular el mercado inmobiliario: qué opinan las cámaras del sector
El ministerio de Desregulación analiza que la colegiación deje de ser obligatoria para las inmobiliarias, entre otros cambios. Se espera un decreto en los próximos 45 días
www.infobae.com
February 06, 2025
The Ministry of Deregulation is considering making membership of a professional association no longer mandatory for real estate agencies, among other changes. A decree is expected in the next 45 days.
By Jose Luis Cieri
The Government is betting that deregulation will boost the real estate market and boost the buying and selling of homes in Argentina (Illustrative Image Infobae)
The Government of Javier Milei is working on deregulation of the real estate activity, as reported yesterday by Infobae . The Minister of Deregulation and Transformation of the State, Federico Sturzenegger , visited the Casa Rosada in recent days to advance these reforms. A day before, it was the President of the Nation himself who went to the offices of the Ministry, located on Roque Sáenz Peña 788, a few meters from the government headquarters.
There is still no precise date for the decree that will include the modifications, although it could be finalized in the next 45 days. Although there are no specific details about the measure, the focus would be on making it no longer mandatory to be registered to offer real estate services and that there are new agents dedicated to the activity who are required to undergo training but not mandatory registration.
The idea, according to official sources, is for these new modalities to coexist with traditional professional associations so that there are different options on the market. The reform does not, in any case, contemplate the elimination of associations, but rather that it will no longer be obligatory to belong to them in order to be able to engage in real estate brokerage.
If the DNU is implemented, anyone could sell properties without registration, a measure that generates support and rejection in the sector (Illustrative Image Infobae)
With the reform under study, the Government seeks to encourage competition and reduce costs for buyers and sellers (the ITI and the exemption from the Stamp Tax in CABA have already been eliminated ). In the real estate sector, the debate focuses on the impact that a relaxation of the current regulations could have. The activity historically operated with different regulations, but technology and changes in consumer behavior have modified commercial dynamics.
Digital platforms and independent agents have gained prominence (in fact , the real estate war between schools and Re/Max is famous ), challenging the traditional scheme. The key question is how the market will respond to an eventual opening and what impact it will have on legal security and the quality of service.
For and against
The possible deregulation of the real estate market divides opinions within the sector. Iván Ginevra , president of the Argentine Real Estate Chamber , said that it is valid to question the role of real estate associations in the country, since several are managed by bureaucrats with a political profile who, instead of following the evolution of the market, "are dedicated to chasing real estate agencies to charge them, instead of helping them adapt to changes and new market trends."Industry sources say some schools have wasted money, including on websites whose purpose is unclear.
Mariano García Malbrán , president of the Chamber of Real Estate Services Companies (CAMESI) , expressed his support for the deregulation of the real estate sector and stated that “ reducing bureaucratic procedures and costs would improve the market .” He pointed out that measures with this orientation, such as the repeal of the Rental Law, demonstrated positive effects on the activity.
He also criticized real estate associations for charging high fees to brokers without offering valuable services in return. “Membership should be voluntary and these institutions should attract professionals with real benefits, instead of forcing them to join without offering them significant improvements,” added García Malbrán.
For her part, Josefina Pantano , president of the Argentine Real Estate Federation (FIRA) , rejected the intention to deregulate the real estate market and defended the current registration system. “Argentina is positioned in Latin America as one of the most professionalized and organized countries in terms of real estate brokerage. Our system ensures competition among all professionals equally, avoiding monopolies that harm the diversity of supply and demand,” she said.
He argued that training is key to innovation and consumer protection, as it prevents fraud, deception and misinformation. Pantano stressed that Professional Associations play an essential role, alleviating the administrative burden of the State without generating costs for public spending. “Eliminating entities that contribute to the value chain and continuous improvement is not only unnecessary, but represents a step backwards in the search for balance and competition ,” he warned.
Alejandro Moretti , a member of the Buenos Aires Real Estate Association, said that there is still no certainty in the sector about the scope of the possible deregulation. “I am in contact with more than 60 or 70 colleagues from different areas, even from other provinces, and the truth is that we do not know exactly what it is about,” he said.
He pointed out that the market is going through a period of high activity, with a record number of deeds and rental transactions. Moretti questioned the need for changes: “I don’t know why the Government wants to modify something that works well today after more than five years of crisis . ”
www.buysellba.com
