Legal Counselling

Vietnam: Some notes regarding expired real estate broker licenses

12:03, 08/01/2016

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 (hereinafter referred to as the 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, which specifies regulations on expired broker license.

According to Circular No. 11/2015/TT-BXD of the Ministry of Construction of Vietnam, the holder of an expired broker license is not allowed to practice in real estate brokerage.

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

- 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);

- 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 examinations on fundamental knowledge.

- etc.

View more details of expired real estate broker licenses 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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