Real estate broker without practicing certificate: Fine up to 60 million

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.

Real estate broker without practicing certificate: Fine up to 60 million

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.

Jewel

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

55 lượt xem
Focus
Tax officials of Vietnam to stop requiring paper household registration books during administrative tax procedures

On March 24, 2023, the General Department of Taxation promulgated Official Dispatch No.

3 cases of motor vehicles eligible for exemption from inspection on the inspection line; answers to questions about update of chip-based citizen ID cards ...

Notable documents of Vietnam in the previous week (from February 20 to February 26, 2023)

Requirements for participating in the input quality accreditation of officials; Criteria for assessment of the result of professional training in firefighting ...

  • Address: 19 Nguyen Gia Thieu, Vo Thi Sau Ward, District 3, Ho Chi Minh City
    Phone: (028) 7302 2286
    E-mail: info@lawnet.vn
Parent company: THU VIEN PHAP LUAT Ltd.
Editorial Director: Mr. Bui Tuong Vu - Tel. 028 3935 2079
P.702A , Centre Point, 106 Nguyen Van Troi, Ward 8, Phu Nhuan District, HCM City;