Many real estate associations in Costa Rica mislead the public by passing their members off as licensed real estate agents or NAR-approved professionals.
The reality is quite different, and here’s why:
1. Costa Rica Has No Formal Real Estate Licensing System
Unlike the U.S. or Canada, Costa Rica does not have a national real estate license for agents or brokers. Real estate is an open profession, meaning anyone can call themselves a real estate agent without official government certification.
2. NAR Affiliation Does Not Equal Licensing
Some Costa Rican real estate associations are affiliated with the National Association of Realtors (NAR), but this is often used to create a false sense of legitimacy. NAR does not regulate or license real estate professionals in Costa Rica—it is simply a U.S.-based trade group that offers memberships and designations.
3. The Only Legal Requirement for Real Estate Brokers in Costa Rica
To legally act as a real estate broker in Costa Rica, an individual must register with SUGEF (Superintendencia General de Entidades Financieras). This is not a real estate license but a financial oversight measure designed to prevent money laundering. More importantly, real estate must be the person’s core labor activity to qualify.
4. Real Estate Associations Are Private Entities, Not Regulatory Bodies
Associations like CRGAR and CCCBR are private organizations, not official regulatory bodies. While they offer invaluable training or networking opportunities, membership does not equate to government-backed licensing or oversight.
What Buyers and Sellers Should Know
If you are working with a real estate agent in Costa Rica, don’t be fooled by claims of licensing or NAR approval. Instead:
- Verify SUGEF registration to ensure they are legally conducting real estate transactions.
- Check their experience, reputation, and references.
- Work with a qualified real estate attorney to protect your investment.
Bottom Line
There is no such thing as a licensed real estate agent in Costa Rica. The only legal requirement is SUGEF registration, and NAR affiliation does not grant any special authority. Always do your due diligence before engaging with any real estate professional.
sources: costaricalaw.com
