How many employees that obtaining real estate broker license must a real estate brokerage service company have in Vietnam?

How many employees that obtaining real estate broker license must a real estate brokerage service company have in Vietnam?

Pursuant to Article 62 of the Law on Real Estate Business 2014 has the following provisions:

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.

2. Any individual is entitled to provide real estate brokerage services independently provided that he obtains a broker license and pay taxes as prescribed in law on taxation.

3. Any real estate service provider is not entitled to be both a broker and a contracting party in a real estate transaction.

According to this Article, if you want to establish a real estate brokerage service business, you must have at least 02 employees obtaining real estate broker license in Vietnam.

What are rights of real estate brokerage service providers in Vietnam? 

Pursuant to Article 66 of the Law on Real Estate Business 2014, rights of real estate brokerage service providers are as follows:

1. Provide real estate brokerage services as prescribed in this Law.

2. Request their clients to provide documents and information about the real estate.

3. Receive remunerations or commission as specified in the signed agreement.

4. Hire other real estate brokerage service providers to provide real estate brokerage services within the scope of the signed agreement provided that take responsibility for brokerage result to the clients.

5. Exercise other rights specified in the agreement.

Best Regards!