Professional Documents
Culture Documents
You DO NOT have the right to give away or resell this manual.
Copyright 2008 All Rights Reserved Real Estate Practice por Daniel Foster da Silva Page 1
Introduction to the AMI exam
Why do we need to prepare ourselves for the InCI national exam of professional
capacity?
Although well-informed professionals are capable of embracing the issues that an exam of
this kind entails, many candidates do not have a clue why and how they are doing it. If
you look around, next time you sit the exam, it becomes quite clear that they do not
grasp what the Institute’s regulation imposes on them; plus they also lack an
understanding of exam techniques.
For the past five years we have been administering training, creating suitable manuals for
it based on InCI’s syllabus (Despacho Conjunto N.º 707/2004, 13.12) and helping people
pass the exam.
This introductory manual is part of the next generation of literature aimed at decoding
such a peculiar knowledge basis and enlightening the good reasons for taking such an
exam: “Formação inicial”.
Why an Exam?
Any and all professional activities require some sort of initiation and a plan for ongoing
acquisition of knowledge and skills that can enrich our experience and help us provide a
better service to our clients.
This has become InCI’s (Ex-IMOPPI) understanding, for better or for worse. And the
Institute has laid down the need for us to prove a minimum level of knowledge for one to
attain a license for “mediação imobiliária” or an enrolment for “angariação imobiliária”.
And the simplest, most direct e effective means is without a doubt a multiple choice test
format – The exam.
Thus the “exame nacional da capacidade profissional” for both activities was born.
InCI (Ex-IMOPPI) defines “formação inicial” as getting a pass in the exam which occurs in
principle four times a year.
Copyright 2008 All Rights Reserved Real Estate Practice por Daniel Foster da Silva Page 2
Introduction to the AMI exam
b) Taking an exam requires the use of certain exam techniques which one has to
learn or recall.
Professional capacity
Note: As the Portuguese educational system will be upgraded starting the next school
year (2008/09), the minimum academic level for “angariadores imobiliários” will possibly
go up to 12th Year.
The activity of a “empresa de mediação imobiliária” takes shape in the development of:
The expression “cliente” has since 2004 gained new meaning, based on the ”contrato de
mediação imobiliária”.
Copyright 2008 All Rights Reserved Real Estate Practice por Daniel Foster da Silva Page 3
Introduction to the AMI exam
This is due to European directives and a change in Europe itself in this respect.
Recently, the code CAE (Código das Actividades Económicas) that stipulates each activity,
include the real estate indutsry’s activities was readjusted through “Diário da República,
1.ª série — N.º 219 — 14 de Novembro de 2007”:
68 Actividades imobiliárias
Copyright 2008 All Rights Reserved Real Estate Practice por Daniel Foster da Silva Page 4
Introduction to the AMI exam
Remuneração da empresa
The company is “remunerated” when it achieves the goasl aimed at by the real estate
contract.
This is formally only due at the conclusion and perfection of the deal aimed at in the
contract.
• Conclusion means the contract, often the deed signed at the Notary;
• Perfection means when the property is registered in the new owner’s name at
the Land Registry (“Conservatória do Registo Predial”) where it belongs.
Retribuição is what the “angariadores imobiliários” receive from the real estate company
when they have helped that company prepare and completely fulfil specific real estate
contracts their as a company have signed with their clients.
Copyright 2008 All Rights Reserved Real Estate Practice por Daniel Foster da Silva Page 5
Introduction to the AMI exam
Multiple choice tests should be a relatively simple thing to do. But the subjects at hand
and the technical jargon used make it much harder to resolve.
Copyright 2008 All Rights Reserved Real Estate Practice por Daniel Foster da Silva Page 6
Introduction to the AMI exam
But now we have to be careful with the nuances of the text itself and seek to interpret the
language used. Who ever made this question had in mind the following that was written
on purpose in the question itself:
This has to do with the fact that, in the contexto f the activity of “mediação imobiliária”,
professional capacity is more important than the legal representation of a company. Both
are important and necessary. But in the context of the issue at hand, capacity is more.
António deve comunicar ao IMOPPI que celebrou contrato individual de trabalho com a
empresa ZZZ – Mediação Imobiliária, Lda
Copyright 2008 All Rights Reserved Real Estate Practice por Daniel Foster da Silva Page 7
Introduction to the AMI exam
Recommendation
Whether one accepts or not, training in real estate has come to stay as a mandatory
requirement.
In my opinion, based on having been a active participant in the real estate industry in
Portugal for over 20 years, plus viewing training as tool for success in the profession – I
cannot but stress how important time spent learning the craft, art and science must be
well spent. It must yield useful tools for the professional and companies.
That is why I started training professionals many, many years ago and since have set up
a company that provides just that.
“Train Well!”
Copyright 2008 All Rights Reserved Real Estate Practice por Daniel Foster da Silva Page 8