Do real estate trading floor services have to establish enterprises in Vietnam?
Do real estate trading floor services have to establish enterprises in Vietnam? Can real estate trading floor provide information about real estate to the parties in Vietnam?
I'm currently a real estate broker, please ask do real estate trading floor services have to establish enterprises? Thank you!
1. Do real estate trading floor services have to establish enterprises in Vietnam?
Article 69 of the Law on Real Estate Business 2014 has the following provisions:
1. Any organizations or individuals who wish to provide real estate trading floor service must establish the enterprise.
2. The real estate trading floor enterprise must have at least 02 employees obtaining broker license; the manager of real estate trading floors must obtain a broker license.
3. A real estate trading floor must have regulations, name, address, facilities and technical satisfying requirements in terms of operation.
Thus, according to current regulations, organizations and individuals providing real estate trading floor services must establish an enterprise in Vietnam.
2. Can real estate trading floor provide information about real estate to the parties in Vietnam?
Article 70 of the Law on Real Estate Business 2014 has the following provisions:
1. Conduct real estate sale, transfer, lease, sublease or lease purchase transactions.
2. Organize the real estate sale, transfer, lease, sublease or lease purchase; publicly provide or post information about real estate to potential clients check documents on the real estate eligible for transactions; act as a broker between contracting parties in negotiation and conclusion of agreement on real estate sale, transfer, lease, sublease, or lease purchase.
According to this Article, the real estate trading floor is allowed to provide information about real estate to the participating parties in Vietnam.
Best Regards!
