The role of the AIPP B
uying property abroad could be one of the most emotive and challenging decisions you ever make, which is why you want to be sure that your purchase is pain free and those you are dealing with are professional, committed and trustworthy. Since 2006 the Association of International Property Professionals (AIPP) has been working to improve business standards in the overseas property market and to provide reassurance that the companies you are dealing with share our aims. We are a not-for-profi t organisation, working with the aim of improving the market for industry and consumer alike.
Our members
The 300 companies under the AIPP umbrella include not only agents and property developers, but also lawyers, currency exchange brokers, and other service providers who have all signed up to a code of conduct and disciplinary process to encourage industry best practice. As a trade association fl ying the fl ag for industry standards, our role is to help stamp out bad practice so we encourage you to look for the AIPP badge when buying overseas. We’ve made numerous improvements to the industry over our fi rst fi ve years including the implementation of
Protect yourself A trade association
representing its members but here to help you, the buyer
AIPP as a trade association can work with its members to provide and enforce a professional framework, however there are actions you can (and must) take to protect yourself. It is important that even if the companies you are dealing with are AIPP members, you do not forget your responsibilities as a buyer. You would never attempt to purchase real estate at home without a lawyer, yet many people think that they can buy overseas property without legal help. For an uninitiated buyer already struggling with language barriers and unfamiliar legal systems, getting the appropriate help is vital. If you only follow one piece of advice, and this guide will provide you with many more, ALWAYS ensure that you appoint a qualifi ed independent lawyer from the outset to guide you through the purchase from contract to completion. We have already helped many buyers with their
overseas purchases and we hope that this guide will give advice that can benefi t you as well. In our experience
best practice guidance and training, and demonstrating our ability to take signifi cant disciplinary action against companies found to be in breach of our rules. As the industry emerges from the global recession we will play a leading role in guiding the standards of the future. We’ve all sadly heard horror stories in the news about rogue traders, and we are working with companies to ensure that we move forward as an industry with greater responsibility.
But there is still a lot more we can do. We are working
to recruit more professional companies to the AIPP in order to widen our reach and provide a safer marketplace for consumers and companies alike. And you can help play a role in this - asking your agent or developer if they are a member of AIPP will help spread the message that you, the buyer, value professional standards.
6 AIPP CONSUMER GUIDE
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