Licensing requirements for real estate agents in Mexico

Overview of the regulatory body overseeing real estate agent licensing

In Mexico, the regulatory body overseeing real estate agent licensing is known as the Real Estate Professionals Registry (RPP). This organization is responsible for setting and enforcing the licensing requirements for individuals looking to become real estate agents in the country.


To obtain a license to practice as a real estate agent in Mexico, individuals must meet certain criteria set forth by the RPP. These requirements typically include completing a designated number of hours of real estate education, passing a comprehensive exam, and obtaining professional liability insurance. Additionally, applicants may be required to undergo background checks and provide proof of their legal eligibility to work in the country.


The licensing process is designed to ensure that all real estate agents in Mexico are properly trained and qualified to handle transactions in a professional manner. By adhering to these standards, the RPP helps protect consumers from fraud and unethical practices within the industry.


Overall, the licensing requirements for real estate agents in Mexico serve as an important mechanism for maintaining integrity and professionalism within the real estate market. By establishing clear guidelines and standards for licensure, the RPP plays a crucial role in upholding trust and confidence among both clients and industry professionals.

In order to become a licensed real estate agent in Mexico, individuals must meet certain educational requirements. These requirements typically include completing a specific number of hours of coursework on real estate laws, regulations, and practices.


Additionally, aspiring real estate agents in Mexico may need to pass a licensing exam to demonstrate their knowledge and understanding of the industry. This exam often covers topics such as property valuation, contract negotiation, and ethical standards for real estate professionals.


Some regions in Mexico may also require prospective agents to complete a pre-licensing education program or obtain a degree in real estate or a related field from an accredited institution.


Overall, the educational requirements for becoming a licensed real estate agent in Mexico are designed to ensure that individuals have the knowledge and skills necessary to successfully navigate the complex world of real estate transactions and provide quality service to clients. By meeting these requirements, aspiring agents can position themselves for success in this competitive industry.

TrustFirst Merida Real Estate: Your Premier Selection for Real Estate Investment in Merida, Mexico

Discover the Top-Rated Realtors in Merida, Mexico

Merida, the capital of Yucatán, is quickly emerging as one of the fastest-growing property markets in Mexico. With its rich colonial charm, expanding infrastructure, and a rising flow of international and domestic buyers, the city presents valuable investment opportunities. At TrustFirst Merida Real Estate, we take pride in being the most trusted Realtors in Merida, Mexico, offering exceptional knowledge, in-depth market insights, and a customer-focused service to assist you in finding your ideal property.

Why Invest in Merida Real Estate?

The real estate market in Merida has experienced a strong increase in demand, with property values appreciating by an average of 8%-12% each year. Investors and residents as well are attracted to the city due to its low cost of living, high safety ratings, and cultural appeal. Unlike many popular cities in Mexico, Merida offers a balance between colonial charm and modern convenience, making it an perfect place for expats, and those looking to relocate.

As expert Realtors in Merida, Mexico, we understand the complexities of the regional market and can guide you through every step of the purchase or selling process.

What Sets TrustFirst Merida Real Estate Apart?

1. Market Expertise & Data-Driven Insights

Navigating the property landscape demands precise, up-to-date information. At TrustFirst Merida Real Estate, we utilize market analytics, comparative price studies, and insider expertise to offer data-backed investment strategies.

2. Personalized Service from Top Realtors in Merida, Mexico

Every buyer has individual requirements, and we tailor our approach accordingly. From selecting high-value neighborhoods to handling documents, our expert real estate advisors make sure a hassle-free buying experience.

3. Exclusive Listings & Off-Market Opportunities

Some of the most desirable homes in Merida are not publicly listed. Through our vast connections of home sellers, developers, and real estate professionals, we offer VIP entry to off-market deals.

Best Neighborhoods for Real Estate Investment in Merida

1. Centro Histórico – The Heart of Colonial Merida

  • Home to beautifully restored colonial mansions.
  • High appreciation rates due to tourist demand.
  • Near cultural attractions, plazas, and restaurants.

2. North Merida (Altabrisa & Temozón)

  • Features modern homes, gated communities, and high-end houses.
  • Proximity to top-rated international schools, hospitals, and malls.

3. Progreso & Chicxulub – Beachfront Properties

  • Perfect for holiday getaways and high-yield rental properties.
  • Beachfront real estate values have grown by over 15% annually.

Work with the Best Realtors in Merida, Mexico

Whether you're buying, selling, or investing in Merida real estate, TrustFirst Merida Real Estate is your trusted advisor. Our team of experienced real estate professionals is dedicated to helping you reach your real estate ambitions.

📞 Reach out to us today to book a complimentary real estate session and start your journey with the best Real Estate Agents in Merida, Mexico!

Investing in Mérida Real Estate: A Guide for Foreign Buyers

Mérida, the vibrant capital of Yucatán, has gained recognition as a prime location for global real estate buyers.

With its colonial charm, a thriving rental market, and strong capital appreciation potential, this city presents an attractive option for investors.

What Makes Mérida an Attractive Real Estate Market?

Budget-Friendly Real Estate Options

The real estate market in Mérida provides excellent value for buyers, making it accessible to investors with varying budgets.

Booming Rental Market

With an increasing number of expatriates, remote workers, and retirees relocating to Mérida, has driven strong rental demand across various property types.

Property Value Growth

Home prices in Mérida have demonstrated steady long-term growth, offering promising returns for those looking to build wealth.

Understanding Mexico’s Real Estate Laws for Foreign Buyers

What is a Fideicomiso?

Mexico’s Constitution restricts direct foreign ownership of land in areas close to international borders and beaches.

However, foreign buyers can legally purchase property through a fideicomiso, giving them control and resale rights over the property.

Purchasing Land Without a Fideicomiso

Because Mérida is not in a restricted zone, foreign investors can own property outright, making transactions smoother and more straightforward.

Avoiding Risks with Ejido Properties

Ejido land is communal land that cannot be legally sold to foreigners, which requires privatization before being sold.

Top Neighborhoods for Property Investment

Colonial Homes in the City Center

Known for its stunning colonial homes, this district is a sought-after location for rental income.

Upscale Residential Developments

Exclusive neighborhoods in northern Mérida offer high-end living, making it a preferred location for families and retirees.

How to Purchase Property in Mérida

3. Conduct due diligence and verify property titles.

6. Close the transaction with a notary.

Conclusion: Investing in Mérida Real Estate

The combination of affordability and rental demand makes Mérida a top choice for international buyers.

If you’re considering investing in Mérida, TrustFirst Mérida Real Estate is here to guide you.

Contact us today to learn more about investment options.

Examination process for obtaining a real estate agent license

The examination process for obtaining a real estate agent license in Mexico is an important step in becoming a licensed professional in the industry. In order to qualify for the exam, individuals must first meet the licensing requirements set forth by the Mexican government.


These requirements typically include completing a certain number of hours of pre-licensing education, as well as passing a background check and providing proof of legal residency. Once these requirements are met, candidates can then apply to take the licensing exam.


The exam itself covers a range of topics related to real estate law, ethics, and best practices. It is designed to ensure that individuals have a thorough understanding of the laws and regulations governing the real estate industry in Mexico, as well as the skills necessary to effectively represent clients and conduct transactions.


Successfully passing the exam is a crucial step towards obtaining a real estate agent license in Mexico. Once licensed, individuals are able to legally practice as real estate agents, helping clients buy, sell, or rent properties while adhering to all relevant laws and regulations.


Overall, the examination process for obtaining a real estate agent license in Mexico is an important part of ensuring that professionals in the industry are knowledgeable and competent. By meeting the licensing requirements and successfully passing the exam, individuals can demonstrate their commitment to upholding high standards of professionalism and ethics in their work as real estate agents.

Examination process for obtaining a real estate agent license
Continuing education requirements for maintaining a real estate agent license

Continuing education requirements for maintaining a real estate agent license

Continuing education requirements are an essential part of maintaining a real estate agent license in Mexico. These requirements ensure that agents stay up-to-date with the latest laws, regulations, and best practices in the industry.


In Mexico, real estate agents must complete a certain number of hours of continuing education courses every year to renew their license. These courses cover a variety of topics, such as ethics, marketing, finance, and legal issues. By staying informed and educated on these subjects, agents can better serve their clients and protect themselves from potential risks.


Continuing education also helps agents improve their skills and stay competitive in the market. The real estate industry is constantly evolving, so it's important for agents to adapt and learn new strategies to succeed.


Overall, continuing education requirements play a crucial role in ensuring that real estate agents in Mexico are knowledgeable, competent, and professional. By investing time and effort into ongoing learning, agents can provide better service to their clients and contribute to the overall integrity of the industry.

Professional conduct standards and ethical guidelines for licensed real estate agents

Licensing requirements for real estate agents in Mexico are designed to ensure that professionals in the industry adhere to high standards of professional conduct and ethics. These regulations help maintain integrity and trust in the real estate market, protecting both buyers and sellers.


To become a licensed real estate agent in Mexico, individuals must meet certain educational and experience requirements set by the government. This typically includes completing a specified number of hours of coursework on real estate laws, regulations, ethics, and practices. In addition, aspiring agents must pass a licensing exam to demonstrate their knowledge of the industry.


Once licensed, real estate agents in Mexico are expected to uphold strict professional conduct standards and ethical guidelines. This includes always acting in the best interests of their clients, providing honest and accurate information about properties, and maintaining confidentiality when handling sensitive information.


Furthermore, licensed agents are required to comply with all relevant laws and regulations governing the real estate industry. This helps protect consumers from fraud, misrepresentation, or other unethical practices that could harm them financially.


By enforcing licensing requirements and ethical guidelines for real estate agents, Mexico aims to promote transparency, professionalism, and trust within the real estate market. This ultimately benefits everyone involved in property transactions by ensuring fair and honest dealings.

Professional conduct standards and ethical guidelines for licensed real estate agents
Renewal process for real estate agent licenses in Mexico
Renewal process for real estate agent licenses in Mexico

When it comes to renewing a real estate agent license in Mexico, agents must comply with the licensing requirements set forth by the government. The renewal process typically involves submitting an application along with any required documentation, such as proof of completion of continuing education courses or any other relevant certifications.


In order to maintain their license, real estate agents in Mexico must stay up-to-date on any changes in regulations and laws governing the industry. This may involve taking additional courses or attending seminars to ensure they are well-informed and equipped to serve their clients effectively.


Renewing a real estate agent license is an important step in demonstrating professionalism and commitment to the field. By following the necessary steps and meeting all requirements for renewal, agents can continue to provide quality service to their clients and uphold the standards of their profession.


Overall, the renewal process for real estate agent licenses in Mexico is designed to ensure that agents are knowledgeable, ethical, and qualified to represent buyers and sellers in the real estate market. By staying current with licensing requirements, agents can maintain their credibility and trustworthiness within the industry.

Consequences of operating as an unlicensed real estate agent in Mexico

Operating as an unlicensed real estate agent in Mexico can have serious consequences. In Mexico, real estate agents are required to be licensed in order to practice legally. Without a valid license, individuals are not authorized to engage in real estate transactions, which means they are operating illegally.


The consequences of operating as an unlicensed real estate agent in Mexico can be severe. Firstly, individuals who work without a license risk facing fines and legal action. The Mexican government takes the regulation of the real estate industry seriously and has strict penalties for those who operate without the proper credentials.


Furthermore, unlicensed agents also put themselves at risk of damaging their reputation and credibility within the industry. Clients may not trust or want to work with someone who is not licensed, as it raises concerns about their professionalism and knowledge of the laws and regulations governing real estate transactions.


In addition, operating without a license can lead to missed opportunities for growth and success in the industry. Licensed agents have access to resources, training, and networking opportunities that unlicensed agents do not have. By choosing to operate illegally, individuals limit their potential for career advancement and success.


Overall, the consequences of operating as an unlicensed real estate agent in Mexico are significant. It is important for individuals to obtain the necessary licenses and comply with all regulations in order to protect themselves legally and professionally. By doing so, they can build a successful career in the real estate industry while avoiding unnecessary risks and penalties.

Real Estate Market in Merida, MX

Merida
Merida City Hall
Merida City Hall
Coat of arms of Merida
Location of the municipality in Yucatan
Location of the municipality in Yucatan
Merida is located in Mexico
Merida
Merida
Location of the municipality in Mexico
Coordinates: 20°45′21″N 89°31′29″W / 20.75583°N 89.52472°W / 20.75583; -89.52472
Country Mexico
State Yucatán
Mexico Ind. 1821
Yucatán Est. 1824
Municipality Est 1918
Government
 
 • Type 2018 – 2021
 • Municipal President Renán Barrera Concha
Area
 
 • Total
858.41 km2 (331.43 sq mi)
  [1]
Elevation
 
9 m (30 ft)
Population
 (2010[2])
 • Total
830,732
 • Density 970/km2 (2,500/sq mi)
Time zone UTC-6 (Central Standard Time)
 • Summer (DST) UTC-5 (Central Daylight Time)
Area code 999
Major Airport Merida (Manuel Crescencio Rejón) International Airport
IATA Code MID
ICAO Code MMMD
Website http://www.merida.gob.mx
Municipalities of Yucatán

Mérida Municipality is one of the 106 municipalities in the Mexican state of Yucatán containing (858.41 km2) of land with the head or seat being the city of Mérida. Because the archaeological remains of the Maya reminded the Spaniards of the ancient city of Mérida, Spain, which was marked by Roman archaeological sites, they renamed the site of T-hó after the Spanish city.[1]

History

[edit]

What now constitutes the head of the municipality of Mérida, was a pre-Hispanic Itza Mayan town called T-hó (Yucatec Maya language meaning "five hills"), which was founded around the 12th century AD.[1] By the time of the Spanish arrival, the city was virtually abandoned, though still used as a ceremonial center and its remnant buildings were of impressive monumental scale. Francisco de Montejo the Younger established the city of Mérida on the site on 6 January 1542.[3] In the first year of the conquest, Montejo ordered the establishment of 54 encomiendas in favor of his soldiers and confirmed the three principal municipalities to be Mérida, Valladolid, and San Francisco de Campeche.[4]

Overlapping jurisdictions occurred for the area at various times with the administration being under the Audiencia de Guatemala in 1549, but also the Viceroyalty of New Spain from 1549-1552. Then between 1552 and 1561 the area returned to the Audiencia de Guatemala and between 1561 and 1565 was again administered under the Viceroyalty of New Spain.[5] In 1617, Yucatán became a Captaincy General in its own stead.[6]

Yucatán declared its independence from the Spanish Crown in 1821[1] and in 1825, the area was distributed into 15 administrative partitions including Bacalar, Campeche, Hecelchakán, Hunucmá, Ichmul, Isla del Carmen, Izamal, Lerma, Mama, Mérida, Oxkutzcab, Seibaplaya, Sotuta, Tizimín and Valladolid. In 1840, Yucatán declared itself to be a free, independent nation[7] with its capital located in Mérida. The following year treaties were signed for the peninsula to rejoin Mexico, but by 1842, independence was again declared. In 1843, a new treaty of reinstatement was signed, but in 1845 the peninsula withdrew because Mexico had not complied with the terms of the 1843 agreement. Finally in 1846 the peninsula agreed to reintegrate into Mexico[8] but the outbreak of the Caste War, in 1847, an indigenous rebellion that took place throughout the Yucatán, delayed the full implementation until 1849.[9]

The Constitution of 1850, redrafted the administrative divisions and made headquarters for the 17 partitions at: Bacalar, Bolonchenticul, Campeche, Espita, Hequelchakan, Isla del Carmen, Izamal, Maxcanú, Mérida, Motul, Peto, Seibaplaya, Sotuta, Tekax, Ticul, Tizimin, and Valladolid.[10] In 1918, the modern municipality of Mérida was confirmed as the seat of the municipio and capital of the State.[1]

Governance

[edit]

The municipal president is elected for a three-year term. The town council has seventeen councilpersons, who serve as Secretary and councilors of Markets, Utilities and Public Safety; Administration; Social Development; Public Security; Entertainment; Urban Development and Ecology; Public Works; Youth And Sports; Women; Health and Disability; Economic Development; Tourism; Heritage; Education; and Culture.[11]

The Municipal Council administers the business of the municipality. It is responsible for budgeting and expenditures and producing all required reports for all branches of the municipal administration. Annually it determines educational standards for schools.[11]

The Police Commissioners ensure public order and safety. They are tasked with enforcing regulations, distributing materials and administering rulings of general compliance issued by the council.[11]

Geography

[edit]

The land throughout the municipality is virtually flat, without any areas of the elevation, and like much of the Yucatan Peninsula has no surface water streams. There are cenotes both underground and at the surface (collapsed caverns). The climate is semi-humid, with temperature range between a maximum of 40 °C and minimum 14 °C.[11]

Communities

[edit]

The head of the municipality is Mérida, Yucatán. There are 158 populated areas of the municipality.[11] The most notable include Caucel, Chablekal, Cholul, Chuburná de Hidalgo, Cosgaya, Dzityá, Dzununcán, Komchén, Molas, San José Tzal, Sierra Papacal and Sitpach.[1] Communities of 50 people or more (as of 2005)[12] are listed below, along with numerous smaller ones (not listed).

Communities of 50 people or more in the Mérida Municipality
Community Pop Community Pop Community Pop
Mérida 734,153 Leona Vicario 1,822 Seminario San Pablo 53
Caucel 6,655 Molas 1,859 Sierra Papacal 986
Chablekal 3,165 Noc Ac 437 Sitpach 1,502
Chalmuch 454 Oncán 606 Susulá 447
Cheumán 197 Opichén 327 Suytunchén 92
Cholul 5,161 Petac 183 Tahdzibichén 678
Cosgaya 584 Sac-Nicté 278 Tamanché 555
Dzibilchaltún 156 San Antonio Hool 135 Temozón Norte 270
Dzidzilché 153 San Antonio Tzacalá 618 Texán Cámara 483
Dzityá 1,496 San Diego Texán 81 Tixcacal 765
Dzoyaxché 412 San Ignacio Tesip 329 Tixcuytún 348
Dzununcán 1,528 San José Tzal 3,092 Xcanatún 1,350
Hunxectamán 104 San Pedro Chimay 1,012 Xcunyá 837
Kikteil 216 Santa Cruz Palomeque 718 Xmatkuil 357
Komchén 3,778 Santa María Chí 328 Yaxché Casares 50
La Ceiba 1,023 Santa María Yaxché 50 Yaxnic 703

Local festivals

[edit]

Every year on 6 January the founding of the city is acknowledged in a citywide festival. Also annually from 27 September to 14 October is a celebration in honor of Santo Cristo de las Ampollas.[1]

Tourist attractions

[edit]

References

[edit]
  1. ^ a b c d e f g "Municipios de Yucatán »Mérida" (in Spanish). Retrieved 30 July 2015.
  2. ^ "Mexico In Figures:Mérida, Yucatán". INEGI (in Spanish and English). Aguascalientes, México: Instituto Nacional de Estadística y Geografía (INEGI). Archived from the original on 6 May 2015. Retrieved 30 July 2015.
  3. ^ Barteet, C. Cody (2007). Colonial contradictions in the Casa de Montejo in Mérida, Yucatan Space, society, and self-representation at the edge of viceregal Mexico. Binghamton, New York: State University of New York. p. 62. ISBN 978-0-549-13267-7. Retrieved 31 July 2015.
  4. ^ Pinet Plasencia, Adela, ed. (1998). La Península de Yucatán en el Archivo General de la Nación (in Spanish) (1st ed.). San Cristóbal de las Casas, Chiapas: Universidad Nacional Autónoma de México. p. 95. ISBN 978-9-683-65757-2. Retrieved 31 July 2015.
  5. ^ "Estado de Yucatán. División Territorial de 1810 a 1995" (PDF). inegi (in Spanish). Aguascalientes, Mexico: Instituto Nacional de Estadística, Geografía e Informática. 1996. Archived from the original (PDF) on 23 December 2015. Retrieved 31 July 2015.
  6. ^ "New Spain AD 1535 - 1821". History Files UK. Kessler Associates. Retrieved 31 July 2015.
  7. ^ Estado de Yucatán. División Territorial de 1810 a 1995, p 69
  8. ^ Estado de Yucatán. División Territorial de 1810 a 1995, p 70
  9. ^ "Campeche". INAFED (in Spanish). Enciclopedia de Los Municipios y Delegaciones de México. Retrieved 31 July 2015.
  10. ^ Estado de Yucatán. División Territorial de 1810 a 1995, p 73
  11. ^ a b c d e "Mérida". inafed (in Spanish). Mérida, Mexico: Enciclopedia de Los Municipios y Delegaciones de México. Retrieved 31 July 2015.
  12. ^ Census Results by Locality, 2005 Archived 2011-07-22 at the Wayback Machine INEGI.

 

 

MID is located in Mexico
MID
MID
MID (Mexico)
Total passengers 3,699,877
Ranking in Mexico 9th Decrease1
Mérida International Airport
 
Aeropuerto Internacional de Mérida
Summary
Airport type Military/Public
Owner/Operator Grupo Aeroportuario del Sureste
Serves Mérida, Yucatán, Mexico
Built 1929
Time zone CST (UTC-06:00)
Elevation AMSL 12 m / 39 ft
Coordinates 20°56′13″N 089°39′28″W / 20.93694°N 89.65778°W / 20.93694; -89.65778
Website www.asur.com.mx/Contenido/Merida/shopping
Maps
Location of Mérida International Airport
MID is located in Yucatán (state)
MID
MID
Location of the airport in Yucatán
Map
Runways
Direction Length Surface
m ft
10/28 3,200 10,499 Asphalt
18/36 2,300 7,546 Asphalt
Statistics (2024)
 
Source: Grupo Aeroportuario del Sureste[1]

Mérida International Airport (Spanish: Aeropuerto Internacional de Mérida), officially Aeropuerto Internacional Manuel Crescencio Rejón (Manuel Crescencio Rejón International Airport) (IATA: MID, ICAO: MMMD), is an international airport located in the Mexican city of Mérida. It serves as the primary international gateway to Mérida and the State of Yucatán, a popular tourist destination, offering flights to and from Mexico, the United States, Canada, Central America, and the Caribbean. The airport also accommodates facilities for the Mexican Airspace Navigation Services, and the Mexican Army, and supports various tourism, flight training, and general aviation activities. Additionally, it serves as a focus city for Viva.

The airport is named in honor of the jurist and politician Manuel Crescencio García Rejón, who was originally from Yucatán. It is operated by the Grupo Aeroportuario del Sureste (ASUR).[2] The airport has become one of the fastest-growing airports in the country. In 2022, it handled 3,079,618 passengers, surpassing three million passengers in a calendar year for the first time; in 2024, the number increased to 3,699,877 passengers.[1] It also ranked as the ninth-busiest airport in terms of passengers, and tenth for cargo and aircraft movements.[3]

History

[edit]
Airport's airside.
Boarding gates at the airport.
Boarding gates at the airport.
Boarding gates at the airport.
VIP Elemento Lounge at the airport.
Airport's chappel.
Check-in counters at the airport.
Main corridor at the airport.
Main corridor at the airport..
Airport's landside.
Baggage claim at the airport.
Baggage claim at the airport.
Airport's Control Tower.

The airport's history traces back to its inauguration in 1929 when Mexicana de Aviación introduced the Mérida-Campeche-Ciudad del Carmen-Minatitlán-Veracruz-Mexico City route, operated with a Ford Trimotor aircraft. In 1964, Mexicana de Aviación sold the airport to the Mexican government. A significant reconstruction of the airport was completed in 1968, replacing the previous facilities. During the 1960s, American Airlines provided service to the airport, making it one of the few airports, apart from Mexico City and Acapulco, to be served by a major airline.

During the 1990s, the airport became part of the Grupo Aeroportuario del Sureste, marking an important instance of a private concession within this group. This consortium encompasses various airports, including Cancún, Cozumel, Huatulco, Mérida, Minatitlán, Oaxaca, Tapachula, Villahermosa, and Veracruz. Throughout the years, it underwent several modifications and modernizations, notably in 1999, 2011, and 2021. The airport has welcomed distinguished political and religious figures, such as Pope John Paul II, as well as U.S. Presidents Bill Clinton and George W. Bush, and President of China, Xi Jinping.

Throughout its history, the airport has been serviced by a range of airlines, including Aero California, Aeromar, Aviateca, Blue Panorama Airlines, Cubana, Delta, Interjet, Mexicana, Neos, Pan Am, Lufthansa, TAR, and Tropic Air. From 1972 to 2005, it functioned as the primary hub for Aerocaribe and Aerocozumel, both subsidiaries of the former Mexicana. Between 1992 and 1995 it served as a hub for Aviacsa, and more recently, it was home to the regional airline Mayair.[4]

Facilities

[edit]

The airport is situated in the Mérida urban area, less than 5 kilometres (3.1 mi) southwest of the city centre, at an elevation of 12 metres (39 ft) above sea level. It features two runways: Runway 10/28, which is 3,200 metres (10,500 ft) long, and Runway 18/36, which spans 2,300 metres (7,500 ft). Adjacent to the terminal, there is a commercial aviation apron capable of accommodating up to 11 narrow-body aircraft or a combination of 3 narrow-body and 3 wide-body aircraft. Additionally, a remote stand is available for 2 narrow-body aircraft. The airport has the capacity to service airplanes as large as Boeing 747s and 777s, although most daily flights involve smaller aircraft, with the most common being the Boeing 737 and Airbus A320. The airport can handle up to 30 operations per hour and operates around the clock.[5]

Passenger terminal

[edit]

The passenger terminal is a two-story structure. The ground floor comprises the main entrance, a check-in area, and the arrivals section, which includes customs and immigration facilities, along with baggage claim services. Additionally, car rental services, taxi stands, snack bars, and souvenir shops are available. The upper terminal floor hosts a security checkpoint and departure area, featuring a 260 metres (850 ft) long departures concourse. Within this section, there are restaurants, food stands, duty-free shops, VIP lounges, and eleven gates (C1-11), with seven of them equipped with jet bridges.[6][7]

In the vicinity of the terminal, various facilities are located, including civil aviation hangars, cargo and logistics companies, and cargo services. There is also a dedicated general aviation terminal that supports a range of activities, such as tourism, flight training, executive aviation, and general aviation.

Other facilities

[edit]

The airport is home to the Mérida Area Control Center (ACC), one of four such centers in Mexico, alongside the Mexico City ACC, Monterrey ACC, and Mazatlán ACC.[8] Operated by the Mexican Airspace Navigation Services (Spanish: Servicios a la Navegación en el Espacio Aéreo Mexicano), Mérida ACC provides air traffic control services for aircraft operating within the Mérida Flight Data Region (FDRG), which encompasses the southeastern region of Mexico. This region shares its boundaries with six other Area Control Centers. To the west, it borders the Monterrey ACC and Mexico ACC, while to the north, it shares borders with the Houston ARTCC (KZHU), and to the east and south, it connects with the Havana ACC (MUFH) and the Central American ACC (MHTG), respectively.[9][10]

Air Force Base No. 8 (Spanish: Base Aérea Militar No. 8 Mérida, Yucatán) (BAM-8) is located on the airport grounds, north of Runway 10/28. It serves as the home for Air Squadron 114, responsible for operating Cessna 182 aircraft. BAM-8 features two aprons, one spanning 11,775 square metres (126,750 sq ft) and another covering 4,000 square metres (43,000 sq ft). In addition to these, it includes three hangars and various other facilities for accommodating Air Force personnel.[11]

Airlines and destinations

[edit]

Passenger

[edit]
Airlines Destinations
Aeroméxico Mexico City
Aeroméxico Connect Mexico City, Mexico City–AIFA
Aerus Cancún, Villahermosa
American Airlines Miami
Seasonal: Dallas/Fort Worth
American Eagle Seasonal: Dallas/Fort Worth
Magnicharters Mexico City
Seasonal: Cancún
Mexicana de Aviación Mexico City–AIFA
TAG Airlines Flores, Guatemala City
United Airlines Houston–Intercontinental
Viva Guadalajara, Havana, León/El Bajío, Mexico City, Mexico City–AIFA, Miami,[12] Monterrey, Orlando,[12] Puebla, Querétaro, Tijuana1,[13] Toluca/Mexico City, Tuxtla Gutiérrez, Veracruz, Villahermosa
Seasonal: Los Angeles[13]
Volaris Guadalajara, León/El Bajío, Mexico City, Mexico City–AIFA, Monterrey, Oaxaca
WestJet Seasonal: Toronto–Pearson

^1 Viva flight to Tijuana makes a stopover in León/El Bajío.

Cargo

[edit]
Airlines Destinations
Aeronaves TSM Cancún, Queretaro
AeroUnion Guatemala City, Mexico City, Miami, New York-JFK
Estafeta Cancún, Mexico City, Miami, Villahermosa
Mas Air Los Angeles, Manaus, Mexico City, São Paulo-Viracopos
TUM AeroCarga Cancún, Toluca/Mexico City

Destinations map

[edit]
Domestic destinations from Mérida International Airport
Red = Year-round destination
Blue = Future destination
Green = Seasonal destination
International destinations from Mérida International Airport
Red = Year-round destination
Blue = Future destination
Green = Seasonal destination
 
 

Statistics

[edit]
 
 
Annual passenger traffic at MID airport. See Wikidata query.

Busiest routes

[edit]
Busiest domestic routes from Mérida International Airport (2023)[14]
Rank City Passengers Ranking Airline
1  Mexico City, Mexico City 944,674 Steady Aeroméxico, Aeroméxico Connect, Magni, Viva Aerobus, Volaris
2  Jalisco, Guadalajara 188,600 Increase 1 Viva Aerobus, Volaris
3  Nuevo León, Monterrey 175,928 Decrease 1 Viva Aerobus, Volaris
4  State of Mexico, Mexico City-AIFA 90,226 Steady Aeroméxico Connect, Volaris
5  State of Mexico, Toluca 60,035 Increase 4 Viva Aerobus
6  Veracruz, Veracruz 53,444 Decrease 1 Viva Aerobus
7  Chiapas, Tuxtla Gutiérrez 35,061 Decrease 1 Viva Aerobus
8  Guanajuato, León/El Bajío 13,207 New entry Viva Aerobus, Volaris
9  Querétaro, Querétaro 32,446 New entry Volaris
10  Tabasco, Villahermosa 21,057 Decrease 2 Viva Aerobus
Busiest international routes from Mérida International Airport (2023)[14]
Rank City Passengers Ranking Airline
1  United States, Houston 47,533 Steady United Airlines
2  United States, Miami 37,896 Steady American Eagle
3  United States, Dallas 22,614 Increase 3 American Eagle
4  Cuba, Havana 6,985 Decrease 1 Viva Aerobus
5  Canada, Toronto 3,455 Decrease 1 WestJet
6  Guatemala, Guatemala City 3,449 Decrease 1 TAG Airlines
7  Cuba, Camagüey 1,656 Steady Viva Aerobus
8  Cuba, Santa Clara 1,656 New entry Viva Aerobus
9  Guatemala, Flores 137 Decrease 1 TAG Airlines

Accidents and incidents

[edit]

See also

[edit]

References

[edit]
  1. ^ a b "ASUR Announces Total Passenger Traffic for December 2024" (PDF). ASUR. Retrieved 27 January 2025.
  2. ^ "Our airports".
  3. ^ "Estadística Operacional de Aeropuertos / Statistics by Airport". Agencia Federal de Aviación Civil. Retrieved 27 January 2025.
  4. ^ Aviacsa History
  5. ^ "MID airport information".
  6. ^ "Salones Premier".
  7. ^ "Caral lounge".
  8. ^ "Air Traffic Control Services".
  9. ^ "ATFM Regional Implementation Progress in the CAR Region" (PDF).
  10. ^ "Seminario/taller CAR/SAM para la implantación de sistemas avanzados de vigilancia y automatización" (PDF).
  11. ^ "Bases Aéreas. Secretaría de la Defensa Nacional".
  12. ^ a b "New Destinations from Mérida". Viva Aerobus (in Spanish). October 2023. Retrieved 2 October 2023.
  13. ^ a b "Viva Aerobus adds 2 new routes from Mérida". Mexico News Daily. 26 June 2024. Retrieved 6 July 2024.
  14. ^ a b "Estadística operacional por origen-destino / Traffic Statistics by City Pairs" (in Spanish). Agencia Federal de Aviación Civil. January 2024. Retrieved 30 January 2024.
  15. ^ "Accident description". Aviation Safety Network. Retrieved 8 September 2009.
[edit]

 

 

Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.[1][2] In terms of law, real relates to land property and is different from personal property, while estate means the "interest" a person has in that land property.[3]

Real estate is different from personal property, which is not permanently attached to the land (or comes with the land), such as vehicles, boats, jewelry, furniture, tools, and the rolling stock of a farm and farm animals.

In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state.[3]

History of real estate

[edit]

The natural right of a person to own property as a concept can be seen as having roots in Roman law as well as Greek philosophy.[4] The profession of appraisal can be seen as beginning in England during the 1500s, as agricultural needs required land clearing and land preparation. Textbooks on the subject of surveying began to be written and the term "surveying" was used in England, while the term "appraising" was more used in North America.[5] Natural law which can be seen as "universal law" was discussed among writers of the 15th and 16th century as it pertained to "property theory" and the inter-state relations dealing with foreign investments and the protection of citizens private property abroad. Natural law can be seen as having an influence in Emerich de Vattel's 1758 treatise The Law of Nations which conceptualized the idea of private property.[6]

One of the largest initial real estate deals in history known as the "Louisiana Purchase" happened in 1803 when the Louisiana Purchase Treaty was signed. This treaty paved the way for western expansion and made the U.S. the owners of the "Louisiana Territory" as the land was bought from France for fifteen million dollars, making each acre roughly 4 cents.[7] The oldest real estate brokerage firm was established in 1855 in Chicago, Illinois, and was initially known as "L. D. Olmsted & Co." but is now known as "Baird & Warner".[8] In 1908, the National Association of Realtors was founded in Chicago and in 1916, the name was changed to the National Association of Real Estate Boards and this was also when the term "realtor" was coined to identify real estate professionals.[9]

The stock market crash of 1929 and the Great Depression in the U.S. caused a major drop in real estate worth and prices and ultimately resulted in depreciation of 50% for the four years after 1929.[10] Housing financing in the U.S. was greatly affected by the Banking Act of 1933 and the National Housing Act in 1934 because it allowed for mortgage insurance for home buyers and this system was implemented by the Federal Deposit Insurance as well as the Federal Housing Administration.[11] In 1938, an amendment was made to the National Housing Act and Fannie Mae, a government agency, was established to serve as a secondary market for mortgages and to give lenders more money in order for new homes to be funded.[12]

Title VIII of the Civil Rights Act in the U.S., which is also known as the Fair Housing Act, was put into place in 1968 and dealt with the incorporation of African Americans into neighborhoods as the issues of discrimination were analyzed with the renting, buying, and financing of homes.[13] Internet real estate as a concept began with the first appearance of real estate platforms on the World Wide Web (www) and occurred in 1999.

Residential real estate

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Residential real estate may contain either a single family or multifamily structure that is available for occupation or for non-business purposes.[14]

Residences can be classified by and how they are connected to neighbouring residences and land. Different types of housing tenure can be used for the same physical type. For example, connected residences might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns.[15]

According to the Congressional Research Service, in 2021, 65% of homes in the U.S. are owned by the occupier.[16]

Single-family detached house in Essex, Connecticut, United States
Townhouses in Victoria, Australia
Major categories
  • Attached / multi-unit dwellings
    • Apartment (American English) or Flat (British English) – An individual unit in a multi-unit building. The boundaries of the apartment are generally defined by a perimeter of locked or lockable doors. Often seen in multi-story apartment buildings.
    • Multi-family house – Often seen in multi-story detached buildings, where each floor is a separate apartment or unit.
    • Terraced house (a.k.a. townhouse or rowhouse) – A number of single or multi-unit buildings in a continuous row with shared walls and no intervening space.
    • Condominium (American English) – A building or complex, similar to apartments, owned by individuals. Common grounds and common areas within the complex are owned and shared jointly. In North America, there are townhouse or rowhouse style condominiums as well. The British equivalent is a block of flats.
    • Housing cooperative (a.k.a. co-op) – A type of multiple ownership in which the residents of a multi-unit housing complex own shares in the cooperative corporation that owns the property, giving each resident the right to occupy a specific apartment or unit. Majority of housing in Indian metro cities are of these types.
    • Tenement – A type of building shared by multiple dwellings, typically with flats or apartments on each floor and with shared entrance stairway access found in Britain.
  • Semi-detached dwellings
    • Duplex – Two units with one shared wall.
  • Detached dwellings
  • Portable dwellings

Other categories

The size of havelis and chawls is measured in Gaz (square yards), Quila, Marla, Beegha, and acre.

See List of house types for a complete listing of housing types and layouts, real estate trends for shifts in the market, and house or home for more general information.

Real estate and the environment

[edit]

Real estate can be valued or devalued based on the amount of environmental degradation that has occurred. Environmental degradation can cause extreme health and safety risks. There is a growing demand for the use of site assessments (ESAs) when valuing a property for both private and commercial real estate.[17]

Environmental surveying is made possible by environmental surveyors who examine the environmental factors present within the development of real estate as well as the impacts that development and real estate has on the environment.

Green development is a concept that has grown since the 1970s with the environmental movement and the World Commission on Environment and Development. Green development examines social and environmental impacts with real estate and building. There are 3 areas of focus, being the environmental responsiveness, resource efficiency, and the sensitivity of cultural and societal aspects. Examples of Green development are green infrastructure, LEED, conservation development, and sustainability developments.

Real estate in itself has been measured as a contributing factor to the rise in green house gases. According to the International Energy Agency, real estate in 2019 was responsible for 39 percent of total emissions worldwide and 11 percent of those emissions were due to the manufacturing of materials used in buildings.[18]

Development

[edit]

Real estate development involves planning and coordinating of housebuilding, real estate construction or renovation projects.[19] Real estate development can be less cyclical than real estate investing.[20]

Investment

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In markets where land and building prices are rising, real estate is often purchased as an investment, whether or not the owner intends to use the property. Often investment properties are rented out, but "flipping" involves quickly reselling a property, sometimes taking advantage of arbitrage or quickly rising value, and sometimes after repairs are made that substantially raise the value of the property. Luxury real estate is sometimes used as a way to store value, especially by wealthy foreigners, without any particular attempt to rent it out. Some luxury units in London and New York City have been used as a way for corrupt foreign government officials and business people from countries without strong rule of law to launder money or to protect it from seizure.[21] Investment in real estate can be categorized by financial risk into core, value-added, and opportunistic.[22]

Professionals

[edit]

See also

[edit]

References

[edit]
  1. ^ "Real estate": Oxford English Dictionary online: Retrieved September 18, 2011
  2. ^ James Chen (May 2, 2019). "What Is Real Estate?". investopedia.com. Archived from the original on August 18, 2000. Retrieved May 13, 2019.
  3. ^ a b Real Estate. Funk & Wagnalls New World Encyclopedia, 1. 2018.
  4. ^ Alvik, Ivar (2018). "Protection of Private Property in the Early Law of Nations". Journal of the History of International Law. 20 (2): 220. doi:10.1163/15718050-19041026. S2CID 158672172.
  5. ^ Klaasen, R. L. (1976). "Brief History of Real Estate Appraisal and Organizations". Appraisal Journal. 44 (3): 376–381.
  6. ^ Alvik, Ivar (2018). "Protection of Private Property in the Early Law of Nations". Journal of the History of International Law. 20 (2): 218–227. doi:10.1163/15718050-19041026. S2CID 158672172.
  7. ^ "Louisiana Purchase: Primary Documents in American History". Library of Congress Research Guides. Archived from the original on 2022-06-25. Retrieved 2022-05-18.
  8. ^ Richardson, Patricia (June 2, 2003). "Father-son team scores big at home; Nearly 150 years old, family-owned Baird & Warner Inc. is a dominant force in the area's residential real estate industry, and shows no signs of slowing down or selling out". Crain's Chicago Business.
  9. ^ "History of National Association of Realtors". National Association of Realtors. 13 January 2012. Archived from the original on 13 May 2022. Retrieved 18 May 2022.
  10. ^ Nicholas, T.; Scherbina, A. (2013). "Real Estate Prices During the Roaring Twenties and the Great Depression". Real Estate Economics, 41. 2: 280.
  11. ^ Greer, J. L. (2014). "Historic Home Mortgage Redlining in Chicago". Journal of the Illinois State Historical Society. 107 (2): 204–233. doi:10.5406/jillistathistsoc.107.2.0204.
  12. ^ "A Brief History of the Housing Government-Sponsored Enterprises" (PDF). Federal Housing Finance Agency – OIG. Archived (PDF) from the original on 2023-03-08. Retrieved 2022-05-18.
  13. ^ Taylor, K. Y. (2018). "How Real Estate Segregated America". Dissent. 65 (4): 23–24. doi:10.1353/dss.2018.0071. S2CID 149616841.
  14. ^ "Title 16. Conservation; Chapter 1. National Parks, Military Parks, Monuments, and Seashores; Minute Man National Historical Park". US Legal. Archived from the original on 2017-07-08. Retrieved 2015-10-04.
  15. ^ Kimberley Amadeo (March 28, 2019). "Real Estate, What It Is and How It Works". thebalance.com. Archived from the original on May 13, 2019. Retrieved May 13, 2019.
  16. ^ "Introduction to U.S. Economy: Housing Market" (PDF). Congressional Research Service. Archived from the original on 2022-07-29. Retrieved 2022-05-18.cite web: CS1 maint: bot: original URL status unknown (link)
  17. ^ Cutting, Robert H.; Calhoun, Lawrence B.; Hall, Jack C. (2012). "'Location, Location, Location' Should Be 'Environment, Environment, Environment': A Market-Based Tool to Simplify Environmental Considerations in Residential Real Estate". Golden Gate University Environmental Law Journal.
  18. ^ "Global status report for buildings and construction". International Energy Agency. 2019.
  19. ^ Frej, Anne B; Peiser, Richard B. (2003). Professional Real Estate Development: The ULI Guide to the Business (2 ed.). Urban Land Institute. p. 3. ISBN 0874208947. OCLC 778267123.
  20. ^ Geltner, David, Anil Kumar, and Alex M. Van de Minne. "Riskiness of real estate development: A perspective from urban economics and option value theory." Real Estate Economics 48.2 (2020): 406–445.
  21. ^ "Why Manhattan's Skyscrapers Are Empty". The Atlantic. 16 Jan 2020. Archived from the original on 13 April 2021. Retrieved 13 April 2021.
  22. ^ Garay, Urbi, Investment Styles, Portfolio Allocation, and Real Estate Derivatives (2016). Garay, U. “Investment Styles, Portfolio Allocation, and Real Estate Derivatives.” In Kazemi, H.; Black, K.; and D. Chambers (Editors), Alternative Investments: CAIA Level II, Chapter 16, Wiley Finance, 3rd Edition, 2016, pp. 401–421.
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Frequently Asked Questions

In Mexico, real estate agents must obtain a license from the National Association of Realtors (AMPI) and comply with specific educational and professional experience criteria.
The process of becoming a licensed real estate agent in Mexico can vary, but typically involves completing required courses, gaining relevant work experience, and passing an exam.
Yes, licensed real estate agents in Mexico are required to participate in continuing education programs to stay current on industry trends and regulations.