Example of having a real estate deal in writing can protect your client or your commissions. As an agent, introduced a buyer to a seller and found out that they were neighborhood friends but have not seen each other for many years. After the meeting, the buyer indicated that there was no longer interest in the property. A month later, found out that the property was sold and closing completed. Through research, found out that the buyer and seller went ahead with the sale without brokerage firm or real estate agent. The written agreements with buyer (BRA) and with seller (LA), attorney can be contacted to assist legal process to claim commission from property sale.

Here is the link from BTB https://www.belizetourismboard.org/programs-events/retirement-program/#1638292515937-d0a94f63-ac5a

Ethics is important in real estate in Belize because it builds trust with clients, ensures transparency in transactions and safeguards both legal and professional integrity. By practicing honesty, respecting clients and property rights and overall adhering to Belize Laws, real estate professionals protect clients’ investments, strengthen their reputation and contribute to a trustworthy and sustainable market. Belize is a small country and as real estate agents, we are not only making money but selling our country and therefore must maintain a good name for our country. Ethical conduct fosters long-term relationships, attracts referrals, and supports the growth of Belize’s real estate industry as a credible and reliable sector.

Congrats to you all on remarkable work and presentations. Truly wishing you all the best in Belize real estate market. This market has a lot to offer, make it your own.