According to Decree 16/2022/ND-CP , from January 28, 2022, doing business in real estate brokerage services without a practicing certificate can be fined up to 60 million VND.
Article table of contents
Real estate broker without practicing certificate: Fine up to 60 million VND (Artwork)
Specifically, at Point a, Clause 1, Article 59 of Decree 16/2022/ND-CP stipulates as follows:
A fine of between VND 40-60 million shall be imposed for providing independent real estate brokerage services without a practicing certificate or an expired practice certificate as prescribed.
(Previously, the fine for this act was 10-15 million VND)
In addition, a fine of between VND 40-60 million also applies to the following violations:
- Erasing or correcting the real estate brokerage practice certificate, falsifying the certificate's content;
- Lending, leasing or renting or borrowing real estate brokerage practice certificates to carry out activities related to real estate brokerage;
- Organizations and individuals providing real estate brokerage services are concurrently both a broker and a contract performer in a real estate business transaction. (This is new content added to the previous regulation)
Note : The above sanction applies to individuals. Except for the case where an organization or individual providing real estate brokerage services is both a broker and a contract performer in a real estate transaction, the above fine will apply to such organizations and individuals. office.
For the same act of administrative violation, the fine level for individuals is 1/2 of the fine level for organizations.
In addition, Decree 16/2022/ND-CP also stipulates additional sanctions and remedial measures for the above violations as follows:
- For acts of lending, leasing or renting or borrowing a real estate brokerage practice certificate to carry out activities related to real estate brokerage: an additional sanction of deprivation of the right to use real estate brokerage shall be applied. practice certificates from 3 to 6 months.
- For acts of doing business in independent real estate brokerage services without a practicing certificate or an expired practice certificate as prescribed: applying the remedial measure is forcing the certificate to be issued. practice according to regulations.
- For acts of erasing or correcting the real estate brokerage practice certificate, falsifying the certificate content: forcible return of the erased or corrected practice certificate to the competent authority that issued the certificate. work.
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