Do Vietnamese residing abroad have the right to consult real estate business in Vietnam?

Do Vietnamese residing abroad have the right to consult real estate business in Vietnam?

Pursuant to Article 60 of the Law on Real Estate Business 2014, regulations on the scope of real estate service business of domestic organizations and individuals, overseas Vietnamese, foreign organizations and individuals are as follows:

Any Vietnamese organizations or individuals, overseas Vietnamese, or foreign organizations or individuals are entitled to provide real estate brokerage services, real estate trading floors, real estate counseling, or real estate management as prescribed in this Law.

Thus, your sister who is Vietnamese residing abroad is entitled to the business of real estate consulting services. To be able to provide real estate consulting services, you need to meet the conditions prescribed by law.

What are the conditions for Vietnamese to settle abroad doing real estate consulting in Vietnam?

Pursuant to Clause 1, Article 62 of the above Law, the conditions of organizations and individuals providing real estate brokerage services are as follows:

1. Any real estate brokerage service providers must set up the enterprise and there are at least 2 employees obtaining real estate broker license (hereinafter referred to as broker license), excluding cases prescribed in Clause 2 of this Article.

Pursuant to Article 74 of this Law, the provision of real estate advisory services is as follows:

1. Any organizations or individuals who wish to provide real estate counseling services must establish the enterprise.

2. Real estate counseling services contain:

a) Legal counseling on real estate;

b) Counseling on real estate creation and trading;

c) Counseling on real estate finance;

d) Counseling on real estate price;

dd) Counseling on real estate sale, transfer, lease, sublease or lease purchase agreement.

3. Counseling content and scope, rights and obligations of contracting parties, real estate counseling fees shall be agreed by contracting parties.

4. The real estate counseling service providers shall take responsibility for commitment in the agreement and compensation for damage caused by the enterprise.

Best regards!