According to Article 60 of the Law on Real Estate Business, the state management agency for real estate business at the provincial level has the authority and responsibility to manage, supervise, and inspect the operation of real estate trading floors in the area periodically or unexpectedly; grant, re-grant, and revoke certificates of operation of real estate trading floors, and decide to temporarily suspend or terminate the operation of real estate trading floors.
Clause 10, Article 83 of the Law on Real Estate Business stipulates that real estate trading floors operating before the effective date of this Law that do not meet the conditions must be supplemented within six months from the effective date of this Law.
Regarding the operating conditions of the real estate trading floor, according to Article 55, the manager or operator of the real estate trading floor must have the right to manage the enterprise in Vietnam as prescribed in the Law on Enterprises; complete the training course on management and operation of the real estate trading floor and be granted a certificate by the training institution.
According to Article 54, the real estate trading floor must be established and registered for operation. The floor must issue and publicly announce the trading procedure; register a fixed place of operation, have the material basis and technical conditions to ensure the operation of the floor.
Based on the above legal basis, the Hanoi Department of Construction proposes that the People’s Committees of districts, suburban districts, and towns direct the functional departments to inspect and review the real estate trading floors in the area; synthesize the list and report to the City People’s Committee (through the Department of Construction); At the same time, classify the floors that meet the conditions and do not meet the conditions for operation.
Real estate businesses, real estate trading floors, complete their dossiers, synthesize and send information and reports to the Department of Construction before the deadline of December 31, 2024.
For units that do not meet the prescribed conditions, the Department of Construction will remove them from the Department’s electronic information page and report to the Ministry of Construction to remove them from the information system on housing and the real estate market.
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