Ministry of Construction, Administration of Urban Real Property Intermediary Services Provisions (Revised)

Promulgated: August 15 2001
Effective: as of date of promulgation
Applicability: For the purposes of the Provisions, "real property intermediary services" collectively refers to real property consulting, real property appraisal and real property brokerage services (Article 2).

Main contents: According to the Provisions, persons providing real property intermediary services shall have certain qualifications. A real property consultant shall have received intermediate level education in real property and related subjects (Article 4). A real property appraiser shall have passed a special examination and obtained a real property appraisal qualification certificate (Article 5). A real property broker shall have registered with the relevant authority and obtained a real property broker qualification certificate (Article 8). Real property intermediary services shall be provided through a legal person entity (Article 10). After registration with a local administration for industry and commerce, a real property intermediary service provider shall file with the county or higher level real property administrative department for the record (Article 12). This real property administrative department shall carry out an annual examination of the qualifications of the personnel of each real property intermediary service provider within its jurisdiction (Article 13). The Provisions also set out a general code of conduct for persons providing real property intermediary services (Articles 21 and 22).
Related legislation: PRC, Administration of Urban Real Property Law, Jul 5 1994, CLP 1994 No.8 p23