How much is free for issuance of real estate broker license in Vietnam?

1. How much is free for issuance of real estate broker license in Vietnam?

In Article 15 of Circular 11/2015/TT-BXD, there are regulations on issuance of real estate broker license as follows:

1. A broker license shall be granted to the candidate who has been given with passed marks as prescribed in Article 12 and sufficiently submitted the application as prescribed in Article 10 of this Circular.

2. Order for issuance of broker license:

a) The Chairperson of the board of examiners shall submit reports to the Director of construction department on the examination organizing process and approve the exam results at the request of the examination organization unit;

b) Basing on the reports and the approved exam results submitted by the Chairperson of the board of examiners, the Director of construction department shall approve the list of individuals who are eligible for the broker licenses (using the form stated in Annex 3a of this Circular).

c) Basing on the approved list of individuals who are eligible for the broker licenses, the examination organization unit shall send the photocopies of exam papers and records of those individuals to the construction department for granting broker licenses.

Within 10 working days as of receiving date of valid records, the construction department shall sign the issuance of broker licenses.

d) The construction department shall retain records of the license holders as stipulated in Clause 2 Article 14 of this Circular.

3. The license holder shall pay VND 200,000 of the fees for issuing the broker license at the construction department when he/she receives his/her broker license. The construction department shall spend this collection in accordance with the law on costs and fees.

4. The broker license is valid nationwide within 05 years as of the date of issuance.

5. Form of broker license shall apply Annex 4a of this Circular.

6. The individual may receive his/her broker license at the construction department or the examination organization unit. Failing in direct receipt of broker license, such broker license shall be sent to the holder by post.

7. The license holder must comply with the following provisions:

a) Not to change or erase the license contents;

b) Not to lease, lend or authorise any organization or individual to use the name and the broker license to conduct any real estate brokerage activities;

c) Not to use the broker license for any illegal purpose.

8. Upon an end of each examination for testing and granting broker license, the construction department shall submit reports to the Ministry of Construction on the examination organizing situation and the list of license holders; and publish the list of license holders on its website (using the form stated in Annex 3b of this Circular).

9. Annually, the provincial construction department shall submit reports to the Ministry of Construction on issuing results of broker license ahead of the 15^th of December.

Thus, free for issuance of real estate broker license in Vietnam is 200,000 VND (two hundred thousand VND) for a certificate, you will have to pay the fee at the Department of Construction.

2. Is there a examination for re-issuance of a real estate broker license in Vietnam when it expires?

Pursuant to Article 17 of Circular 11/2015/TT-BXD, there are regulations on expired license as follows:

1. The holder of an expired broker license is not allowed to practice in real estate brokerage.

2. The holder of an expired or expiring license must attend a testing examination for re-issuance of license in accordance with the following provisions:

a) If the applicant submits the application for examination to the authorities issuing former broker license, he/she shall only take the examination on fundamental knowledge as prescribed in this Circular for reissuance of broker license, the number of the r-issued license shall be the same with the old one and the phrases “second issuance" or "third issuance" must be specified at page 01 of the re-issued license (using the form stated in Annex 4c of this Circular);

b) If the applicant submits the application for examination to other authorities, he/she must carry out procedures for the examination as those for a new license but only take examination on fundamental knowledge.

3. The application includes:

a) The application stated in Article 10 of this Circular;

b) The former broker license (original), applicable to the expired license, or certified copy of the expiring license.

4. The registration for examination is performed as prescribed in Article 11 of this Circular.

5. Basing on actual situation, the construction department shall hold a separate examination for the holders of expired licenses or arrange them to take the examination together with the candidates for new licenses.

According to this Article, when you have a real estate broker practice certificate in Vietnam, if you want to re-issue your practice certificate, you must take the test again.

Best Regards!