AMPI Code of Ethics & Conduct

CODE OF ETHICS OF THE ASOCIACION MEXICANA DE PROFESIONALES INMOBILIARIOS, A.C.
1.  SECTION ONE, RELATIONS WITH THE PUBLIC

Article 1. It is the primary duty of all real estate professionals to obtain instruction in their area of specialty: Real Estate.

Serious real estate professionals are therefore obliged to keep abreast of all matters in connection with their field of activity, finding out about any changes that may affect real estate not only in their city but also in their country overall. With this knowledge they shall be in a position to contribute to public opinion in matters of tax, legislation, improved use of land, planning and other real estate related matters.

Article 2. Each real estate professional is obliged to keep abreast of conditions in the real estate market, because it is he or she who guides customers regarding the correct value of real estate, among other things.

Article 3. A very important role of the real estate agent is to protect customers against fraud, abuse or immoral practices in the field of real estate. It is his or her duty, therefore, to help prevent any acts that could harm the public, as well as any that could undermine the dignity of the real estate profession.

If any such acts are perpetrated by any member of Asociacion Mexicana de Profesionales Inmobiliarios, it is the duty of whoever finds out about them to provide the necessary evidence to the National Board of Directors of said Association in order to proceed with the penalization of the person in breach of this code of ethics, in accordance with the Association statutes.

Article 4. On accepting a property for administration or sale, the real estate professional must be acquainted with it before he or she can administer it or put it on the market, in order to avoid errors for customers, exaggerations of the qualities of the property on offer or any hidden information. The acts of the real estate must be guided by truthfulness.

Article 5. The real estate professional must not conduct any operations that, for any reason, harm the interests of any of the contracting parties or of any third parties or any real estate colleague.

Article 6. The real estate professional must not be involved in the provision of any false information in deeds or any other public documents, nor falsify any declarations made before any authority. Integrity in all acts must dominate the image he or she projects to customers in order to reward the trust placed in him or her.

Article 7. The real estate professional must take great care, when using publicity techniques, to ensure the truthfulness of the information given in the advertisement. The technique chosen must provide and reflect the facts and not distort them in any way.

Article 8. In order to protect any parties involved in a transaction, the real estate professional shall ensure that all the information, commitments and agreements in connection therewith are put on record in writing. The exact agreement reached by the parties involved shall be entered in the relevant documents. The parties shall provide their signature of conformity and shall each keep a copy of the agreement, with the real estate professional keeping another copy for the record and for filing purposes.

2.  SECTION TWO, RELATIONS WITH THE CUSTOMER

Article 9. If a real estate professional agrees to do business with a customer, this means that the former undertakes to promote and protect the interests of the latter. This is an obligation of loyalty towards the person who has entrusted a business matter to the real estate professional. This duty is of paramount importance and comes with the need to work in a fully just and honorable manner with all the parties to a transaction.

Article 10. The guarantee of interests placed in the hands of the real estate professional must provide the customer with absolutely truthful information on the following:

  1. The qualities and shortcomings of the property proposed or sought.
  2. The ease or difficulty involved in proceeding with the proposed transaction.
  3. Any circumstances that may be involved in the business matter entrusted in general. The real
    estate professional must never oppose the wish of any of the parties to the transaction to consult a lawyer, notary or any other professional with regard to:
  1. Any problems affecting the property.
  2. Any restrictions or limitations that could affect the property.
  3. Any encumbrances etc, that could restrict the use or enjoyment of the property.
  4. Whether or not the property is structurally sound.
  5. Whether or not the correct materials were used to build the property.

The real estate professional shall, in general, assist any experts in the different areas whom the customer may wish to consult in a transaction involving any property.

Article 11. Any fees charged by the real estate professional must reflect the value of his or her work and knowledge of the subject matter, in accordance with standard practice in the place where the property is located.

These fees may be calculated on the basis of a percentage of the consideration, in the event of a sale or lease, or of the gross or net revenue in the case of administration, or as a fixed sum in either case. No extra charge should be made under any circumstances, as this would be regarded as an unjust payment to the detriment of the interests, above all, of the selling customer.

Article 12. If the real estate professional wishes to acquire, for himself/herself or his or her company, a property proposed to him or her for sale by a customer, he or she must inform the customer of this wish and propose a valuation of the property in question by an expert. The transaction should proceed on the basis of said valuation if both parties agree with it.

Article 13. On being granted an exclusive sales option letter, the real estate professional is promising to the customer that he or she shall work on this transaction in a preferential manner. By virtue of the foregoing, the real estate professional must inform his or her customer of the benefits that both parties would enjoy if said exclusivity were to be granted.

Article 14. If the real estate professional receives a discount or reduction when making a payment on behalf of the customer, said discount or reduction shall be to the benefit of the customer.

Article 15. The real estate professional shall be extremely careful in keeping Professional Secrecy. He or she may under no circumstances express any opinions or provide data, however confidential they may be, regarding the situation of his or her customers or anything that the customer may have told him or her on a professional basis.

Article 16. Before issuing an opinion regarding the value of a property, the real estate professional must conduct a meticulous study of all the factors involved in the transaction and which may affect it.

The real estate professional must never issue an opinion an a property in which he or she is currently interested or may be interested in at a later stage, unless this situation is made perfectly clear and defined to the requesting party. He or she must never issue an opinion on any properties of which he or she has no experience, and must, in such cases, consult an appraiser with experience in the location in question. Any circumstances of relevance in such cases must be pointed out to the customer.

Article 17. In order to advertise a property, the real estate professional must seek the authorization of the owner. The real estate professional must never advertise any properties that have not been offered to him or her directly by the owner. If the offer comes from another colleague, he or she must ask this colleague for written authorization to use any means of advertising this property.

Article 18. The real estate professional shall ensure that any offers presented with regard to the properties he or she is selling are made in writing. He or she must show any such offers to the owner, regardless of the nature of said offers, in order to standardize the criteria and allow the owner to make a decision on the basis put forward.

3.  SECTION THREE, RELATIONS WITH OTHER REAL ESTATE PROFESSIONALS

Article 19. The real estate professional must not seek to gain advantages over other colleagues and must share with them any experience or knowledge acquired from studying and working on different transactions.

Article 20. Should any difficulties arise between two real estate professionals of the same organization, the matter shall be brought for arbitration before a tribunal consisting of persons chosen from among the members of that organization, in accordance with the statutes thereof, but never before a court of equity. The real estate professional must abide by the ruling issued by the aforementioned tribunal.

Article 21. Should the real estate professional stand accused of unethical practices but believes that he or she is not guilty of such accusations, he or she must then voluntarily present the relevant facts of the matter to whichever entity is specified in the statutes to the National Board of Directors.

Article 22. The real estate professional shall refrain from making any comments on the business performance of other real estate professionals of the same association. If his or her opinion is officially requested, then it should be provided accurately, politely and with Professional integrity.

Article 23. The real estate professional shall not accept any exclusive deals that another real estate professional has been given. He or she must respect the rights of the other real estate professional until such time as said exclusive deal expires, even if the owner wishes to give him or her the exclusive deal. Also, if the real estate professional accepts an option, he or she undertakes not to transfer the corresponding rights to any third party without the knowledge and consent of the initial real estate professional and the owner.

Article 24. The real estate professional must cooperate with other real estate professionals in registering sales and distributing commissions in the agreed manner. In the event of an exclusive sales deal, the real estate professional must deal with his or her fellow real estate professional who provided the property for sale, and not with the owner.

Article 25. The real estate professional must not request the services of a colleague’s employee without the knowledge and consent of the aforementioned colleague.

Article 26. Only a real estate professional may place an advertisement for the sale, lease or exchange of a property in the property itself.

Article 27. In the best interests of the company, its associates and the business itself, the real estate professional must be loyal to his or her local real estate organization and his or her colleagues, as well as be working.

Professional Code of Conduct

While the Code of Ethics and Standards of Practice of the AMPI National Association establishes objectives and enforceable ethical standards governing the professional conduct of agents, it does not address issues of courtesy or etiquette. Based on input from many sources, the Professional Standards of Conduct have been developed to list professional courtesies for use by AMPI agents on a voluntary basis. This list is not all-inclusive, and may be supplemented by local customs and practice.

I. Respect for the Public

  1. Follow the “Golden Rule” – Do unto others as you would have them do unto you.
  2. Respond promptly to inquiries and requests for information.
  3. Schedule appointments and showings as far in advance as possible.
  4. Call if you are delayed or must cancel an appointment or showing.
  5. If a prospective buyer decides not to view an occupied home, promptly explain the situation to the listing broker or the occupant.
  6. Communicate with all parties in a timely fashion.
  7. When entering a property, ensure that unexpected situations, such as pets, are handled appropriately.
  8. Leave your business card if not prohibited by local rules.
  9. Never criticize property in the presence of the occupant.
  10. Inform occupants that you are leaving after showings.
  11. When showing an occupied home, always ring the doorbell or knock – and announce yourself loudly – before entering. Knock and announce yourself loudly before entering any closed room.
  12. Present a professional appearance at all times; dress appropriately and drive a clean car.
  13. If occupants are home during showings, ask their permission before using the telephone or bathroom.
  14. Encourage the clients of other brokers to direct questions to their agent or representative.
  15. Communicate clearly; don’t use jargon or slang that may not be readily understood.
  16. Be aware of and respect cultural differences.
  17. Show courtesy and respect to everyone.
  18. Be aware of – and meet – all deadlines.
  19. Promise only what you can deliver – and keep your promises.
  20. Identify your REALTOR® and your professional status in contacts with the public.
  21. Do not tell people what you think – tell them what you know.

II. Respect for Property

  1. Be responsible for everyone you allow to enter listed property.
  2. Never allow buyers to enter listed property unaccompanied.
  3. When showing property, keep all members of the group together.
  4. Never allow unaccompanied access to property without permission.
  5. When the occupant is absent, leave the property as you found it (lights, heating, cooling, drapes, etc). If you think something is amiss (e.g. vandalism) contact the listing broker immediately.
  6. Be considerate of the seller’s property. Do not allow anyone to eat, drink, smoke, dispose of trash, use bathing or sleeping facilities, or bring pets. Leave the house as you found it unless instructed otherwise.
  7. Use sidewalks; if weather is bad, take off shoes and boots inside property.

III. Respect for Peers

  1. Identify your REALTOR® and professional status in all contacts with other REALTORS®.
  2. Respond to other agents’ calls, faxes, and e-mails promptly and courteously.
  3. Be aware that large electronic files with attachments or lengthy faxes may be a burden on recipients.
  4. Notify the listing broker if there appears to be inaccurate information on the listing.
  5. Share important information about a property, including the presence of pets; security systems; and whether sellers will be present during the showing.
  6. Show courtesy, trust and respect to other real estate professionals.
  7. Avoid the inappropriate use of endearments or other denigrating language.
  8. Do not prospect at other REALTORS®’ open houses or similar events.
  9. Return keys promptly.
  10. To be successful in the business, mutual respect is essential.
  11. Real estate is a reputation business. What you do today may affect your reputation – and business – for years to come.

Ampi Vallarta Board 2014-2016

Ampi Vallarta Board 2014-2016

Oversight of AV business including educational classes, managing monthly general meetings, special projects and relationships with other local chapters: Nayarit and Compostela, and AMPI National. Board meets first Monday of each month.

  • Presidents sets strategy and does overall managing, presides over meetings.
  • Vice President handles communication with the AV and Compostela pubic website to promote the brand of AMPI and our local chapters.
  • Treasurer: budget, special project expenses, monitoring payments to our MLS vendor, projects as needed.
  • Secretary: minutes of general and board meetings, keeping track of membership and passed motions when members vote.
  • Vocale: serves on the board to being back feedback and suggestions/ comments, requests of the members.
  • Membership: serves to organized, conduct and receive feedback from educational meetings and presentations for continuing education of the members to be their most professional, proficient, ethical and competent.
  • President – Harriet C. Murray
  • Vice President – Carl Timothy
  • Treasurer – Edward Padalinski
  • Secretary – Rafael Becerril
  • Membership and Education – Salvador Zuniga
  • Membership and Vocal – Ron Morgan

Current Honors & Justice Committee

Honor and Justice Committee is appointed by the current board and consists of Associate members who are fluent in reading, speaking and writing Spanish in addition to their primary language if they are bilingual. They meet upon receipt of a written complaint with accompanying evidence against a member of the chapter (Associate or Affiliate). They follow a procedure established by AMPI National to hear both sides and come to conclusions to enforce sanctions or dismiss the complaint. AMPI members who do not agree with the local H and J decisions, may appeal to the national AMPI H and J committee. Amp member agree as part of their membership in this private organization, to be under the rules of sanctions their group. When parties to a complaint become engaged in legal actions against each other, the H and J committee cannot make decisions and must defer to the higher authority. Committee meets when needed.

  • Carl Timothy
  • David Pullen
  • Rafael Becerril
  • Xiomara Millan
  • Moray Applegate
  • Rodrigo Saracho

Current Flex MLS Committee

MLS Service and Compliance Committee: Meets every other Wed of the week. Committee is made up of members in all three participating chapters Tasks are to oversee the AMPI Flex MLS system for compliance and customer service to its members.

Help Desk is administered by a full time assistant and the committee itself oversees Administration with its vendor FBS. AMPI chapters here have a public website and individual members share the database on their individual sites. AMPI Vallarta, Nayarita and Compostela are proud to promote the brand of AMPI and their inventory of properties for sale.

  • Carl Timothy
  • Edward Padalinski
  • Fred R. Ayotte
  • Harriet Murray
  • Kim Moore
  • Marilyn Newman
  • Saul Groman

 

What is AMPI?

AMPI is the national association of real estate professionals that have, since 1956, gathered under laws and codes of ethics and conduct to create a reliable, trustworthy and efficient real estate environment in Mexico.

 AMPI consists of separate autonomous sections all throughout the nation, as well as more than 4000 associates and affiliates. Each section is independent and has its own board of directors, only surpassed by a national board of directors comprised of twenty associates from all over the republic.

Developed over the years with the input and knowledge of its members, AMPI is much more than just a collection of offices. AMPI has been a solid and recognized institution in Mexico for the past 27 years. It was originally established in 1956 and was consolidated in 1980. AMPI is currently represented in all the principle cities and regions of Mexico stretching from Tijuana to Cancun.


AMPI Credibility & Professionalism

Due to the diligence and hard work of AMPI members over the years, it is now a well-known and respected international real estate organization. AMPI is recognized by other international associations such as FIABCI, The International Real Estate Federation, which represents more than 50 countries and whose headquarters are in Paris, France.

AMPI also has a permanent relationship with other international organizations such as the NAR (National Association of Realtors) from the United States of America, CREA (Canadian Real Estate Association) plus other Latin American Associations such as FECEPAC (Federacion Centroamericana, de Panama y el Caribe) and SECOVIS from Brazil. AMPI is recognized throughout the world as a prestigious and professional organization.

The AMPI chapters here in the Banderas Bay are notable for their ability to work closely together… in fact, no other AMPI chapters in Mexico have had the success in creating the cohesive atmosphere of cooperation and professionalism as we have had here in the Banderas Bay AMPI Chapters. The Puerto Vallarta AMPI, Riviera Nayarita AMPI and the Compostela AMPI Chapters have all committed to work together in an ongoing program of education as well as continual improvement of individual Real Estate Agents, Brokerages, and the AMPI organization as a whole, all with the goal of providing excellent service to our clients and to guarantee that Puerto Vallarta remains a strong, vibrant real estate market and a safe place to invest.

Puerto Vallarta AMPI and the other chapters in the Banderas Bay are part of the larger national AMPI organization. AMPI stands for Asociacion Mexicana de Profesionales Inmobiliarios, which translates to The Mexican Association of Real Estate Professionals. AMPI is the national professional realtors association in Mexico and is a sister organization to (and works closely with) the National Association of Realtors (NAR) in the United States. Since 1956, AMPI has provided a strict code of ethics for realtors in Mexico, set standards of conduct and has always strived to bring higher and higher levels of professionalism to the Mexican Real Estate industry.

A.M.P.I. < http://www.ampi.org/ > (Asociacion Mexicana de Profesionales Inmobiliarios) is the Mexican Association of Real Estate Professionals that since 1956 groups under its Code of Ethics and Statutes the professionals dedicated to real estate activities.

It is constituted in Mexico by sections and these are integrated by Associates and Affiliates who represent more than 3000 members dedicated to this activity, every section is autonomous and has its own Board of Directors. There is also a National AMPI Directors Council formed by twenty associates from all over the country.

AMPI works together with the Federal, State, and Municipal authorities, proposing new laws and amendments to existing laws and regulations, directly related to the Real Estate activity.


Puerto Vallarta Nayarit AMPI chapters

AMPI Vallarta Nayarit is an Associate trade/professional Real Estate Association that serves as “the voice for Real Estate” in Puerto Vallarta and the Riviera Nayarit The Vallarta Nayarit Chapters of the Mexican Association of Realtors® is a group of professionally trained Real Estate Agents representing the real estate industry in the Puerto Vallarta and Riviera Nayarit areas, including Nuevo Vallarta, Bucerias, La Cruz de Huanaxtle and Punta de Mita, and is the local chapter for the national Asociacion Mexicana de Profesionales Inmobiliarios, AMPI.

AMPI Vallarta Nayarit Chapters are a guarantee for professionalism, high standards of ethics, transparency and the dedication to education to all its associates. They are committed by the strict AMPI and NAR Code of Ethics to raise the level of the real estate industry to its highest standards in Mexico. AMPI Vallarta Nayarit Sectors are affiliated with the Vallarta Nayarit MLS Association that was designed to promote cooperation and networking among its members, and to promote the public right to use and transfer real estate property by the Vallarta Nayarit MLS service. A wide range of Programs, Education, Services and Networking Opportunities are sponsored for the benefit of members.


Our Vision Statement:

AMPI Vallarta Nayarit Members Offer You: TRUST ~ ETHICS ~ TRANSPARENCY ~ ACCOUNTABILITY ~ INTEGRITY


 

AMPI is affiliated at an international level

“http://www.realtor.org” “NAR”, the Canadian Real Estate Association “http://www.crea.com” “ICREA” and the International Federation of Real Estate “FIABCI “http://www.fiabci-usa.com”. “With this strong united force, the World Properties “http://www.worldproperties.com” website was created.

 

Why Use AMPI

AMPI is the national association of real estate professionals that have, since 1956, gathered under laws and codes of ethics and conduct to create a reliable, trustworthy an efficient real estate environment in Mexico.

AMPI consists of separate autonomous sections all throughout the nation, as well as more than 4,000 associates and affiliates. Each section is independent and has its own board of directors, only surpassed by a national board of directors comprised of twenty associates from all over the republic.

Developed over the years with the input and knowledge of its members, AMPI is much more than just a collection of offices. AMPI has been a solid and recognized institution in Mexico for the past 27 years. It was originally established in 1956 and was consolidated in 1980. AMPI is currently represented in all the principle cities and regions of Mexico stretching from Tijuana to Cancun.

The Riviera Nayarita, Vallarta and Compostela chapters of AMPI are dedicated to promote the best practices in real estate by providing its members with education to reinforce the standards of ethics that give our industry the credibility which our clients deserve.

AMPI is committed to giving our membership access to a multiple listing service that forms the platform from which our industry can expand locally and into other markets while giving our members precise and up to date information that is vital to continuous improvement and growth.

AMPI Membership Requirements

Puerto Vallarta Associates (Brokers)
  1. Send a Complete resume by email in a PDF or word document (ALSO IN A CD)
  2. Fill out application for membership (Solicitud de Ingreso).
  3. Complete the form of personal data (Hoja de datos personales). (ALSO IN THE CD)
  4. Written statement about the significance of belonging to AMPI.
  5. Four photos for the ID that can be color or black or white. (DIGITAL PIC IN THE CD)
  6. Copy of current pictured ID, passport.
  7. Copy of Current FM3 or FM2 immigration authorization to work in real estate.
  8. Copy of the RFC and the registration with Hacienda.
  9. Copy of the Acta Constitutiva.
  10. Copy or a rental factura in case you pay a rent for the local or your office.
  11. Copy of the document that accredits the individual as legal representative
    for the corporation.
  12. Two letters of recommendation by two active AMPI members.
  13. One year experience working in real estate under an AMPI Socio within the Puerto Vallarta or Banderas Bay area prior to the AMPI application date. In the case that the applicant represents a corporation, the applicant has to demonstrate that the municipal permit was issued a minimum of one year prior to their
    application to AMPI.
  14. Demonstrate that you are duly registered and established (copy of the municipal permit, water, electricity and phone receipts in your name).
  15. Diploma or a real estate course approved by AMPI – 100 hours min.
  16. Diploma of Spanish course.
  17. Letter of no criminal record from last place of residence.
  18. Two commercial references.
  19. One or two bank references.
  20. The logo of your company (PRINTED AND IN THE CD)
  21. Take the AMPI Test and Orientation
  22. Pay the national and local dues.
  23. Do not bring pre-existing problems to the AMPI board
  24. Agent’s affiliation to AMPI is Broker’s responsibility

After:

  1. Attendance to at least 50% of the monthly meetings during the year.
  2. 25 hours of education yearly to remain a member.
Puerto Vallarta Affiliates (Agents)
  1. You must be an agent working for an AMPI Associate (Broker).
  2. Fill out application for membership.(SOLICITUD DE INGRESO)
  3. Complete the form of personal data. (DATOS PERSONALES)
  4. Four photos for the ID that can be color or black and white.
  5. Copy of pictured ID, passport.
  6. Copy of current FM3 or FM2 immigration authorization to work.
  7. Reference letter from the Broker.
  8. Letter of no criminal record from last place of residence.
  9. Written statement about the significance of belonging to AMPI.
  10. Pay the national and local dues; please see “affiliates” section. (To Treasurer)
  11. Attendance to at least 50% of the monthly meetings during the year.
  12. Must be AMPI member prior to enrollment to the MLS

After:

  1. 25 hours of AMPI Section Vallarta approved real estate education has to be completed yearly by the affiliate in order to remain a member of the AMPI Chapter..

***** In order for an Affiliate to become an Associate they must have be working for a minimum of one year as an registered and paid AMPI Affiliate for an AMPI Vallarta Associate before applying as an Associate themselves. At the same time each Affiliate when applying to become an Associate will have to fully complete all the requirements specified by AMPI-Section Vallarta to become an Associate.

IMPORTANT NOTE: AMPI AFFILIATE MEMBERSHIP IS NOT TRANSFERABLE FROM BROKER (COMPANY) TO BROKER (COMPANY). IF AN AFFILIATE DECIDES TO MOVE FROM ONE AMPI BROKER TO ANOTHER AMPI BROKER THEY WILL BE REQUIRED TO REAPPLY TO AMPI-SECTION VALLARTA UNDER THE NEW BROKER AND PAY THE CORRESPONDING LOCAL AND NATIONAL AMPI DUES AGAIN.