But in recent years, Vietnam’s real estate market has developed rapidly in both quantity and quality, so the need to connect home sellers and buyers is very necessary, so environmental service companies The real estate industry also develops and increases rapidly. So what are the conditions to set up a real estate brokerage company? and what are the procedures to set up a real estate brokerage company with a competent authority? If you have problems, please contact us for advice. LSX Lawfirm will give you an article about: “Conditions for establishing a real estate brokerage company in Vietnam”, as follows:
Legal grounds
Law on land 2013
Conditions to pay attention to when setting up a real estate brokerage company in Vietnam
Firstly, organizations and individuals providing real estate brokerage services must establish an enterprise and must have at least 02 persons possessing real estate brokerage practice certificates, except for cases where individuals fully meet business conditions. according to the law. This is a regulation to ensure the interests of customers, because the brokerage practice is not done by everyone, the broker must be a person who has been trained and has a real estate brokerage certificate.
Secondly, Individuals have the right to provide independent real estate brokerage services but must have a real estate brokerage practice certificate and register to pay tax in accordance with tax laws.
Thirdly, Organizations and individuals providing real estate brokerage services may not be both a broker and a contract performer in a real estate transaction. Because brokerage is an intermediary between a person who has a need to sell and a person who has a need to buy, in principle it is not possible to be both a broker and the other party in a purchase and sale relationship.
Conditions for granting a certificate of real estate brokerage profession in Vietnam
- Firstly Having full civil act capacity;
- Secondly Having graduated from high school or higher;
- Passed the test on knowledge of real estate brokerage.
A real estate brokerage practice certificate has a validity of 5 years, upon its expiration, a person wishing to use it must continue to apply for a license to conduct real estate brokerage business.
Procedures for setting up a real estate brokerage company in Vietnam
Prepare a set of documents to establish a real estate brokerage company, including:
- An application for business registration;
- Operational charter;
- Members list; List of founding shareholders;
- ID card; CCCD; Or passports of members, shareholders and legal representatives, certified true copies. If it is a legal entity, the business registration certificate or investment certificate is authenticated.
Composition of dossier: 01 set.
Agencies competent to accept: Departments of Planning and Investment of provinces and cities.
Time to accept dossiers: 04 working days from the date of submission of valid registration dossiers.
Service of setting up a real estate brokerage company.
- Firstly Prepare documents to establish a real estate brokerage company.
- Secondly Customer representative contact the competent authority to submit the application.
- Thirdly representing the client to receive the results of the establishment of a real estate brokerage company.
- Finally customer representative engrave seal and Notice of use of seal sample.
If you do not have time or find administrative procedures difficult, do not hesitate to contact us for advice.
You can refer to the article related to Procedures to establish a real estate brokerage company in Vietnam; or Prohibited acts in real estate business in Vietnam or General regulations on real estate business activities in Vietnam.
Related questions
Real estate brokerage organizations and individuals are entitled to a brokerage remuneration from their customers regardless of the results of real estate purchase, sale, transfer, lease, or lease purchase transactions between customers and real estate agents. Tuesday.
The real estate brokerage remuneration level agreed by the parties in the contract does not depend on the price of the brokered transaction.
To properly perform the signed real estate brokerage contract.
Provide information about real estate put into business and take responsibility for the information they provide.
Assist the parties in the negotiation and signing of real estate purchase, sale, transfer, lease and purchase contracts.
Comply with the reporting regime as prescribed by law and submit to inspection and inspection by competent state agencies.
Compensate for damage caused by their fault.
To fulfill tax obligations and other financial obligations as prescribed by law.
Other obligations as prescribed by law.
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