Legal Counselling

Vietnam: Regulations on the order for issuance of real estate broker license

09:05, 02/01/2016

On December 30, 2015, the Ministry of Construction of Vietnam issued Circular No. 11/2015/TT-BXD providing for the issuance of real estate broker license; guidelines for training and improving knowledge of real estate brokerage practice and management of the real estate trading floor; establishment and organization of activities of the real estate trading floor. One of the featured contents of this Circular is the regulation on the order for issuance of real estate broker license (hereinafter referred to as the broker license).

According to Circular No. 11/2015/TT-BXD of the Ministry of Construction of Vietnam, the order for issuance of broker license is specified as follows:

- 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;

- Based 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;

- Based 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 from the receiving date of valid records, the construction department shall sign the issuance of broker licenses;

- The construction department shall retain records of the license holders as stipulated in this Circular.

View details of the order for issuance of real estate broker license at Circular No. 11/2015/TT-BXD of the Ministry of Construction of Vietnam, effective from February 16, 2016.

- Khanh Chi -

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