Hanoi Department of Construction requests organizations and individuals doing business in real estate exchange services to review operating conditions, complete legal documents and report on the operating situation before May 28.
According to the request of the Hanoi Department of Construction, real estate exchange service business units in the area must review and fully complete operating conditions according to the provisions of Article 55 of the Real Estate Business Law in 2023.
For cases that have not been licensed to operate in the city, units must fully comply with the procedures specified in Clause 3, Article 54 of the law.
Article 55 is considered a new "set of standards" for the operation of real estate exchanges, with 4 groups of key conditions that must be complied with.
Accordingly, the head or directly operating the real estate exchange must have the right to manage the enterprise according to legal regulations, and at the same time complete a training course on real estate exchange management and operation and be granted a corresponding certificate.
Representatives of the Hanoi Department of Construction said that this is a new regulation to improve management capacity and limit the situation of establishing spontaneous and unprofessional exchanges.
In addition, real estate exchanges that want to operate must be organized in the form of real estate service businesses and must submit dossiers to provincial-level state management agencies before operating to be licensed.
According to the Department of Construction, this regulation helps management agencies statistically, monitor and control the entire exchange system in the area.
Exchanges must also build and publicize real estate transaction procedures through exchanges. All steps from receiving dossiers, legal inspection, posting information, brokerage, signing transactions to storing data must have clear and transparent procedures.
This is considered a solution to limit the situation of transactions lacking information, false advertising or bringing products that do not meet the conditions to the market.
In addition, real estate trading floors must have a fixed operating location, be clearly registered, and ensure facilities and technical conditions to serve transaction activities.
This regulation aims to end the situation of "virtual exchanges", temporary offices operating or doing business mainly online but without specific legal addresses.
