Conditions for Establishing a Real Estate Brokerage Company
According to Article 62 of the 2014 Law on Real Estate Business:
Organizations and individuals conducting real estate brokerage services must establish an enterprise and must have at least two persons holding real estate brokerage practice certificates, except as stipulated in Clause 2 of this Article.
Individuals have the right to conduct independent real estate brokerage services but must hold a real estate brokerage practice certificate and register to pay taxes in accordance with the law on taxation.
Organizations and individuals conducting real estate brokerage services may not simultaneously be both the broker and a party to the contract in a real estate business transaction.
Therefore, if you wish to establish a real estate brokerage company, in addition to the general conditions for establishing an enterprise, the company must have at least two persons holding real estate brokerage practice certificates.
According to Clause 1, Article 68 of the 2014 Law on Real Estate Business, an individual is granted a real estate brokerage practice certificate when they meet the following conditions:
- Possess full civil conduct capacity;
- Have graduated from high school or higher;
- Have passed the examination on real estate brokerage knowledge.
The procedure for granting real estate brokerage practice certificates is carried out according to Article 15 of Circular 11/2015/TT-BXD.
Sincerely!
