New Regulations for Real Estate Agents in the Balearics

Lauren Payet
Lauren PayetMay 28, 2024
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The most important points:

Registration obligation: All real estate agents in the Balearic Islands must now register in the public register and make their number visible in all advertising and external presentations


Strict admission requirements: In order to register, real estate gents must provide proof of an academic degree, proof of further training or at least 4 years of professional experience, amongst other things. 


Financial security: Real estate agents must also prove that they have no debts to the tax authorities or social security, have professional liability insurance and have deposited a security deposit of 60,000€


Consequences of violations: Anyone who acts as a real estate agent without registration or the required qualification can expect fines and penalties. 

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