On July 30, 2024, the Minister of Construction of Vietnam issued Circular 04/2024/TT-BXD on the framework of training program and refresher course on knowledge regarding real estate brokerage practice and the operation of real estate trading floors in Vietnam.
Article 4 of Circular 04/2024/TT-BXD stipulates the scope of professional knowledge in the framework program for training and fostering real estate brokerage knowledge in Vietnam from August 1, 2024. Professional knowledge about real estate brokerage has a total duration of 24 lessons, including the following 02 subjects and content:
Subject 1: Overview of real estate brokerage services, including some main content as follows:
- Introduction to real estate brokerage services;
- The role of real estate brokerage in the real estate market;
- Principles of real estate brokerage activities;
- Conditions for conducting real estate brokerage services and professional requirements of a real estate broker;
- Factors influencing the development of the real estate brokerage profession;
- Experiences of other countries regarding real estate brokerage services;
- Professional ethics of a real estate broker.
Subject 2: real estate brokerage processes and skills, including some main content as follows:
- Collecting information about real estate supply and demand;
- Identifying the target and parties involved in real estate brokerage transactions;
- Preparing real estate brokerage transaction dossiers;
- Handling mortgage documentation for real estate;
- Timelines and steps to execute a real estate brokerage transaction;
- Real estate marketing;
- Communication and negotiation skills in real estate transactions;
- Skills in offering, listing, and advertising real estate;
- Organizing and managing a real estate brokerage organization;
- Contract drafting skills;
- Managing legal risks in real estate transactions;
- Application of information technology and social media in real estate business.
According to Article 5 of Circular 04/2024/TT-BXD, the practice content has a total duration of 16 lessons, including the following topics: Practical research on real estate brokerage activities at a real estate brokerage organization and writing a report.
The final examination content has a total duration of 02 lessons, including foundational knowledge and professional knowledge sections:
- Examination duration: 120 minutes
- Examination format: Essay, multiple-choice, or a combination of both.
Circular 04/2024/TT-BXD takes effect in Vietnam from August 1, 2024.
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