About Us

About Us

The Panamanian Association of Real Estate Brokers and Promoters is a non-profit organization founded in 1973, which has developed a representative activity in the real estate industry. Since established, its mission has been to bring together professionals from the real estate industry, who offer services under the parameters of their statute and the code of ethics, in order to strengthen professionalism in an integral way through good practices.

The Association was the propeller in 1999 of the Law Decree No. 6 of July 1999 "By which the prefession of Real Estate Broker is regulated in the Ministry of Commerce and Industries" and its regulation by executive decree of November 7, 2001 and resolution No 002-2001 adopting the code of ethics.

ACOBIR has maintained its leadership through the permanent actions in favor of the industry, promoters of changes, facilitators of investments and builders of decent homes. We maintain our objectives of contributing to the development and sustainability of an important sector of the national economy, with representativeness, defense of the sector, promotion of national and foreign investment, education and international alliances.

Structure

The statutes of ACOBIR establish certaing categories of members depending on the main activity carried out by the natural or legal person.

These classifications are the following:

Natural People
  • Independent Real Estate Brokers
Legal Companies
  • Real estate brokerage companies and associates
  • Companies whose activity is the real estate promotion
Real Estate Developer Companies
  • Housing Development Companies
Corporate Companies

Corporate companies whose activity relates to Real Estate as:

  • Banking
  • Mortgage Brokers
  • Real Estate Services
  • Appraisal Companies

Organizational Structure

The Association is constituted as follows:

General Assembly
Is the supreme body of the Panamenian Association of Real Estate Brokers and Promoters, wich acts in accordance with the provisions contained in the Statutes of the Association.
President
Is the main person, legal representative and his functions are established by the Statutes of the Association.
Board of Directors
The Board of Directors is made up by 9 members: President, Vice-President, Secretary, Assistant of Secretary, Treasurer, Assistant of Treasurer, Prosecutor and two members as established in the Statutes of the Association.
Executive Director
The administration and daily management of matters dictated by the Board of Directors or the President.

National Affiliations National

  • Council of Private Enterprise - (CoNEP)
  • United States Business Council - Panama - (USPA)
  • Panamanian Chamber of Tourism - (CAMTUR).
  • Inter-union Alliance of the Construction Industry - (AIIC)
  • Logistics Business Council (COEL)
  • Panama Green Building Council. Main member of FIABCI Panama Chapter

 

International Affiliations

  • International Federation of Real Estate Professions - (FIABCI), based in France, which brings together more than a thousand members, mainly from the European continent.
  • National Association of Realtors - (NAR), based in the United States, with many thousands of associates throughout the United States and in the rest of the world.
  • Member of the Real Estate Confederation of Latin America - (CILA), they are representing the interests of the Real Estate Services Department of the member countries in Latin America, this year chaired by ACOBIR, through Frank Morrice.

 

Memorandum of International Understanding

  • Appraisal Institute: Established when the American Institute of Real Estate Appraisers (AIREA) and the Society of Real Estate Appraisers (Society) merged in January 1991. AIREA and the Society, founded in 1932 and 1935, respectively, were created to help standardize the evaluation process by promoting professional education and maintaining high ethical standards. With more than 85 years of history National Association of Realtors - NAR: The
  • National Association of REALTORS® is the largest trade association in the United States, representing 1.3 million members, including NAR institutes, societies and councils, involved in all aspects of industries of residential and commercial real estate. Comprised of residential and commercial brokers, sellers, property managers, appraisers, consultants, and others involved in the real estate industry. Members belong to one or more of approximately 1,200 local associations / boards and 54 state and territorial associations of realtors.
  • Asian Real Estate Association - AREAA
  • Florida Realtors Association
  • Miami Realtors Association
  • Association of Sarasota & Manatee
  • Southeast Valley Regional Association of Realtors® - SEVRAR
  • Real Estate Entrepreneurs Club - CDEI
  • The Staten Island Board of Realtors
  • Brooklyn Board of Realtors

 

Through the alliance with the National Association of Realtors - NAR, we have:

  • 77 - International Member-IRM
  • 28 - Certified International Property Specialist-CIPS
  • 21 - Certified Residential Specialist-CRS
  • FIABCI
  • REALTOR
  • CONEP2
  • COEL
  • USPA
  • CILA
  • AIIC
  • Cámara de Turismo de Panamá