Association of Real Estate Agencies of Montenegro Strengthens the Market and Increases Investor Confidence

Our company has been a member of the Association of Real Estate Agencies of Montenegro (Udruženje agencija za nekretnine Crne Gore) for more than five years — since the very moment of its foundation. The Association was established to protect the interests of officially operating agencies and to combat unfair competition in the real estate sector.

Reforms in the Montenegrin Real Estate Market

One of the key achievements of the Association was the successful advocacy and adoption of the Law on Intermediary Activities in Real Estate Purchase, Sale and Leasing in August 2025. This law represents a crucial reform aimed at systematizing and increasing transparency in the market.

Law on Intermediary Activities in Montenegro

The main changes introduced by the Law include:

• Licensing of agencies will reduce the “grey market” and eliminate participants undermining trust in the sector.
• A standardized exam through the Chamber of Commerce will ensure higher quality of services.
• Mandatory licensing of employees after successfully passing the exam will strengthen professional standards at the individual level.
• Mandatory office premises will be a requirement for every agency, ensuring transparency and accountability to clients.
• Mandatory professional liability insurance will protect the interests of clients in case of disputes.
• Mandatory signing of official brokerage agreements between agencies and property sellers will guarantee legality and transparency of cooperation.
• A public electronic registry will become a tool of full transparency: every client will be able to verify whether an agency is licensed and review essential information about it and its licensed agents.

The law has just been adopted, and now the implementation phase begins. In the coming months, all measures provided by the law will be put in place: the adoption of bylaws within nine months, the establishment of a professional exam system through the Chamber of Commerce, and the creation of a public agency registry. Existing agencies will have 12 months to bring their operations in line with the new regulations, giving them sufficient time to prepare and adapt to the new standards.

We are confident that these reforms will strengthen Montenegro’s position as a reliable and regulated real estate market in the region and will also create conditions for an inflow of new investments.

Important for Clients

The Association of Real Estate Agencies of Montenegro emphasizes that for both buyers and sellers of real estate it is crucial to work only with agencies that:

• are officially registered and operate in accordance with the law,
• have an office and transparent business infrastructure,
• are members of the Association,
• sign official brokerage agreements that protect the interests of all parties,
• hold the necessary licenses and are included in the public registry,
• have insured professional liability towards their clients.

Choosing a licensed agency guarantees transaction security, transparent conditions, and professional support at every stage.