Real estate brokers manipulate the market causing ‘land fever’, the Ministry of Construction will review

Real estate brokers manipulating the market

Speaking at the seminar “The role of a real estate broker in a new trend”, Mr. Pham Lam, General Director of DKRA said, it is estimated that our country currently has about 300,000 people involved in real estate brokerage, even children. The real number may be more because “anyone can be a real estate broker”.

However, besides professional real estate brokerage floors and organized organizations, there are many small and medium-sized organizations, several hundred people who also do not have professional expertise and brokerage capacity. Because these brokers only have a short-term strategy, invest in a “surf” style, to benefit from a “lucky” .

Meanwhile, Mr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association (VARS), said that recently, despite being affected by the COVID-19 pandemic, the real estate market is still constantly “hot”. , especially the price is constantly changing, reversing, creating great pressure on the market, even the price of land in some places danced and skyrocketed unexpectedly.

VARS President said that, for the above situation to happen, one of the reasons comes from the force of speculation and unprofessional real estate brokers. Even the brokers at professional companies still deliberately “abetted” to push prices, inflate house and land prices in order to benefit.

“In the past period, I think that many speculators also manipulate the real estate market. Whether these acts can be handled or not, this needs to be studied by the law.

Agreeing with Mr. Dinh, Ms. Nguyen Huong, Vice President of VARS also commented that, for stories of “stork” of dishonest land and market disturbances, part of the reason is due to the lack of assessment and construction. establish criteria to determine the conditions for brokerage practice. Because the legal framework in this field has been floating for a long time, while the number of brokers is increasing rapidly, leading to many unpredictable consequences.

“It’s time we need to set standards for the brokerage profession. It is necessary to clearly define necessary and sufficient conditions for individuals and organizations to participate in the practice. From there, there will be supervision and strong sanctions against behaviors. violate the regulations, against professional standards”, Ms. Huong emphasized.

A general review of the real estate market is required

At the seminar, Mr. Nguyen Manh Khoi, Deputy Director of the Department of Housing and Real Estate Market Management (Ministry of Construction) affirmed that there should be a general review to find out the causes of the negatives in the real estate market during this time. In the past, in order to identify the problem, it is possible to find a solution.

Mr. Khoi pointed out, are all brokers knowledgeable about legal knowledge? In the current 300,000 real estate brokers, how many have studied and been certified as a broker? How many people know what skills are? What is the broker’s responsibility to society? The previous generation, the broker was very hard to learn, the State was very interested, trained, and took the exam, it was very exciting, but in fact today, out of 300,000 real estate brokers, how many people have studied and been successful? broker certification?

Mr. Nguyen Manh Khoi, Deputy Director of the Department of Housing and Real Estate Market Management (Ministry of Construction) affirmed that there should be a general review to find out the causes leading to the negatives in the real estate market over the past time. Identifying new problems can find solutions.

In addition, Mr. Khoi said that it is necessary to determine why the current broker does not need to go to school, or is not afraid of the law, is not afraid of being condemned, is it necessary to practice ethics and will be given by someone? propose to legalize brokerage practice ethics yet. And the question of whether it comes from the fact that the law is not enough for them, has not come into practice, or the responsibilities and orientations of brokers, leaders of brokerage organizations, and individual brokers are not enough. , enough scope and enough responsibility.

According to the Deputy Director of the Housing and Real Estate Market Management Department, there are currently two new decrees, namely Decree 02 (detailing a number of articles and clauses of the Law on Real Estate Business issued in January) and Decree 16 (Regulations on Decree No. administrative sanctioning decision – issued in January) with very important content, related to real estate brokerage.

Therefore, in the future, we need to discuss more issues such as whether to sell real estate through the floor or not, whether to allow real estate brokers to operate independently without having to establish a business, or studying and issuing certificates. Just practice as a real estate broker. “Security activities, there are specific and strict regulations such as having to enter the stock exchange to operate, not operate outside. Therefore, it is necessary to study the law for real estate,” Mr. Khoi added.

Lap Dong