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There must be strong enough sanctions for real estate brokerage to go into order

On March 30, at the seminar “Role of a broker real estate in the new trend” held in Ho Chi Minh City, Mr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association, said that recently, real estate prices have been constantly changing, reversing, creating new trends. There is a lot of pressure on the market. Land in some places “dancing”, skyrocketed.

In it, there are professional investors and brokers participating in creating fevers, turning land into a speculative commodity, not a service purpose. economy for local.

There must be a strong enough sanction for real estate brokerage to go into order - 1


“In the past period, I think that there are many speculators and tycoons who also manipulate the real estate market. Can these acts be handled or not, this needs legal research, if If there is, it will be handled, if not, it will be put into the law to handle.” Mr. Dinh said.

With the brokerage profession, Mr. Dinh said that the law still needs to be amended to be more suitable, an information technology system is needed to manage by identifiers. Especially the brokerage practice certificate. This ensures a more transparent market, and also facilitates the control and sanction of violations.

Mr. Pham Lam, Vice Chairman of the Vietnam Real Estate Brokers Association said that there are about 300,000 people working as brokers. On average, both primary and secondary markets have over 100,000 transactions per year. In some localities even a few thousand transactions a month.

Most of the experts and businesses participating in the seminar appreciated the important role of the broker. However, experts also admit that besides legitimate brokers, the phenomenon of “worms that upset the soup pot” is still there.

“Not everyone in 300,000 brokers has enough qualifications, knows the profession or understands the law. Currently, the size and number of brokers have increased, but the actual quality is not really good. Vocational training is only It is anti-regulatory. It’s time to have clear regulations on individual or institutional brokers.” Mr. Lam assessed.

Experts say that real estate brokers serve the vast majority of people, successful transactions are not only a story of buying and selling but also of stabilizing a person’s life. Therefore, it is necessary to quickly build a legal, supervisory and sanctioned corridor, aiming for a transparent market and professionalism of brokers, whether individuals or organizations.

Previously, it took 3-5 years of experience in real estate to become a broker. And now, every few days off work, starting a company is becoming a director. Therefore, there should be specific regulations and sanctions for the brokerage industry.

“Last time, unfair real estate brokerage activities have negatively affected the real estate market. Therefore, we need to have strong enough sanctions to make this field more orderly.” Mr. Nguyen Minh Quang, representative of Nam Long Investment Joint Stock Company, commented.

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