A bill will be sent to Congress that eliminates mandatory licensing, minimum fees, territorial restrictions, and the requirement of a university degree to practice real estate brokerage
In the context of an unprecedented offensive against state bureaucracy, the national government, led by President Javier Milei, has decided to move forward this week with an ambitious package of deregulation projects. The initiative, meticulously designed by the Minister of Deregulation and State Transformation, Federico Sturzenegger, aims to remove historical obstacles in key sectors of the economy before the start of the winter recess.
This comprehensive plan not only covers the real estate sector but also extends to the local capital market and cabotage, marking a turning point in the recovery of economic freedom in Argentina.
The president, Javier Milei
The heart of this reform aims to radically transform real estate brokerage, requiring it to cease being considered a liberal profession and become what it always should have been: a commercial intermediation service. With this paradigm shift, Federico Sturzenegger's project includes drastic measures to promote competition and drastically reduce costs:
Elimination of mandatory licensing: The tyranny of registration in a professional association to operate ends.
Freedom of fees: The minimum fees set by decree are abolished, allowing the market to determine the price rather than a privileged group.
End of academic exclusivity: The requirement for a university degree imposed by Law 25.028 is repealed.
Territorial opening: Geographical restrictions are eliminated, allowing operators to act in different jurisdictions without bureaucratic hurdles.
Minister Sturzenegger has been unequivocal in defending this transformation, labeling it a “social aberration” that a professional association has the power to set minimum prices.
The president, Javier Milei
According to the official, “The problem is not the existence of associations per se, but when they use the power of the State to set conditions that do not respond to the market”. This reform aims to ultimately reduce construction costs and finally facilitate access to housing for all Argentines.
The research behind the project reveals a devastating fact about the origin of these obstacles: all provincial laws that framed brokerage as a liberal profession were born after 2003, just ten days after Néstor Kirchner took office as president. Official sources do not hesitate to describe many of these real estate associations as genuine “Peronist basic units” that consolidated a monopoly on registrations for political benefit.
In the face of the advance of freedom, sectors that fear losing their benefits have already begun to conspire. On June 4, authorities from the College and Social Security Fund of Real Estate Agents and Public Brokers of the Province of Buenos Aires took refuge in the figure of the former minister and defeated candidate, Sergio Massa, seeking political support to maintain a licensing scheme that the national government considers finished.
Complementing this economic revolution, the ruling party will send the project for Fiscal Innocence II next week. The Minister of Economy, Luis Caputo, has worked on an improved version of the law after consulting with professionals in the sector to correct the critical points that limited its initial impact.
“I see no reason why they shouldn't approve an improved version”, stated Caputo, confident in the legislative mandate already originally obtained.
The goal is monumental: to mobilize the USD 170 billion that, according to official data from the Central Bank, are outside the system, under the mattresses of Argentines due to decades of legal insecurity.
The government seeks to turn that savings into investment, financing infrastructure projects and empowering SMEs, instead of continuing to lose purchasing power against inflation.
This deployment of reforms, which will be formally announced at the press conference by presidential spokesperson Adrian Ravier, represents a decisive step towards the normalization of an Argentina that embraces capitalism and transparency, leaving behind the obscurantism of state intervention.
