Thursday, September 14, 2023
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Myrentalia Home: The Importance of Being Registered in the RAICV for Consumer Protection

The creation of the RAICV has established a framework of trust and security in the real estate market of the Valencian Community. Myrentalia Home, registered under the number 1428, offers an additional guarantee to its clients, ensuring that each transaction meets the highest standards of quality and legality. In a world where the purchase or rental of a property is one of the most significant financial decisions in a person's life, knowing that you are working with certified professionals is invaluable.

Since the Valencian Community implemented a new regulatory framework for real estate agents in July 2022 through the Official Registry of Real Estate Agents of the Valencian Community (RAICV), the search for certified real estate agents has been a growing topic of interest for consumers. In this context, Myrentalia Home stands out for being registered in this database with the number 1428, offering multiple advantages to its clients in the real estate market.

A Seal of Trust

Registration in the RAICV is not a superficial formality; it is a guarantee for consumers who are looking to buy, sell, or rent a property. By choosing to work with Myrentalia Home, clients can be assured that the agency complies with legal requirements, including having the required professional training and having a publicly accessible establishment or a verified physical address.

Financial Security

The law also mandates that registered real estate agencies must have a bond insurance that guarantees the amounts received in advance. In the case of Myrentalia Home, this guarantee is a minimum of 60,000 euros per public establishment. Additionally, they have ongoing civil liability insurance, with a minimum amount of 600,000 euros per incident and a sub-limit of 150,000 euros per victim.

A More Transparent and Secure Market

To maintain a high standard in the real estate market, the Valencian Community prohibits any person or company from engaging in real estate intermediation without being registered in the RAICV. Myrentalia Home not only complies with this regulation but also encourages consumers to verify the authenticity of the agents they decide to work with. This verification can easily be done through the official RAICV website.

Thus, no person or company that engages in real estate intermediation in the Valencian Community can legally operate without being registered in the RAICV, regardless of where their legal business location is.

Penalties for Non-Compliance

In cases where agents are found to be unregistered as of October 2023, consumers can report them to the General Directorate competent in matters of social function of Housing, which has the authority to impose sanctions. This is an additional tool that reinforces the level of security and transparency in the market.

The creation of the RAICV has established a framework of trust and security in the real estate market of the Valencian Community. Myrentalia Home, registered under the number 1428, offers an additional guarantee to its clients, ensuring that each transaction meets the highest standards of quality and legality. In a world where the purchase or rental of a property is one of the most significant financial decisions in a person's life, knowing that you are working with certified professionals is invaluable.