The Ministry of Justice has presented a new draft law aimed at organizing real estate activities. This document is designed to protect citizens from unscrupulous intermediaries, hidden commissions, as well as fraudulent schemes and fake advertisements, which are phenomena known as "wild real estate practices." These practices, characterized by unprofessionalism, lack of transparency, and aggressiveness, pose serious risks to consumers in the real estate market.
The draft law has become part of a broader strategy for debureaucratization and aims to systematize intermediary activities in the real estate sector.
The main provisions of the initiative include:
- mandatory state registration (certification) of realtors in accordance with professional standards;
- introduction of a realtor identification card that allows verification of their status and legality;
- establishment of uniform standards for real estate services and standard contracts;
- provision of transparent information about the status and powers of the realtor during transactions;
- prohibition of double commissions and restriction of misleading advertising of real estate;
- establishment of liability for illegal real estate activities and violations of established norms.
Additionally, the draft law includes tax measures aimed at reducing speculative operations with real estate.
It is expected that the implementation of this document will help organize the real estate market, increase citizens' trust, and create more civilized conditions for honest participants in the industry.
