So…. recently looking up some estates agents who have all been boasting of being 100% legal, 100% reliable, etc. As proof of this they seem to be offering up a fancy looking logo of a business called “Federation of British Estate Agents in Spain”, which states that it is “the only professional body dedicated solely to British Estate Agents in Spain, the professional body intent on raising the standard of service in real estate practice offered to the General Public.” (http://www.fbeas.com/Join_the_federation.asp).
So, I did a quick check. It’s not a “Federation”, it’s an s.l. company in Malaga, called BRIRES S.L., which is a real estate company. Under Spanish law it can’t call itself a Federation unless it’s registered as such, which it doesn’t seem to be as the registration number doesn’t appear on the website (as required by law).
Further investigation in the members section reveals that it’s actual an MLS, where members can share properties throughout the network. Nothing wrong with that, but a proper Federation claiming to be an independent “code of conduct” guidence shouldn’t be selling the properties as well. Nor charging a monthly fee to do so.
These things get on my nerves. Don’t advertise yourself as a self appointed guardian of morality, then try to make a quick buck. It’s why your sector has a bad reputation.
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Hi there, I’m the owner of Galician Country Homes, about a year ago I got in touch with these people thinking it might be useful as a complement to my publicity. After talking to them (everything hunky dory) I rang about thirty of their members. Almost all told me it was a waste of time and that nearly all intended to leave the federation, (except two founder members)
I have been living in the North West of Spain for thirty six years and luckily knew enough not to get stung- don’t you!
Hi Mark – welcome to the site!
I certainly haven’t been stung by FBEAS, as I have no connection with the real estate world, but you may want to have a look at an article I posted yesterday about them: