Do real estate brokers need a practicing certificate in Vietnam?
In Vietnam, do real estate brokers need a practicing certificate? What are the conditions to be granted a real estate practice certificate? Currently my land is increasing in value, so I intend to practice as a real estate broker. Can I ask if you need a degree or certificate to work in this industry? If yes, what are the conditions for granting? Thank you!
<subquestion>In Vietnam, do real estate brokers need a practicing certificate?</subquestion>
Pursuant to Article 62 of the Law on Real Estate Business 2014, the conditions for organizations and individuals providing real estate brokerage services are as follows:
1. Any real estate brokerage service providers must set up the enterprise and there are at least 2 employees obtaining real estate broker license (hereinafter referred to as broker license), excluding cases prescribed in Clause 2 of this Article.
2. Any individual is entitled to provide real estate brokerage services independently provided that he obtains a broker license and pay taxes as prescribed in law on taxation.
3. Any real estate service provider is not entitled to be both a broker and a contracting party in a real estate transaction.
Accordingly, real estate brokerage activities are conditional professions, individuals who want to practice are required to have a real estate brokerage practice certificate.
<subquestion>What are the conditions to be granted a real estate practice certificate?</subquestion>
Pursuant to Article 68 of the Law on real estate brokerage practice certificates as follows:
1. An individual shall be granted broker license if they:
a) Have full capacity for civil acts;
b) Obtain at least upper-secondary graduation degree;
c) Have passed examination in real estate brokerage knowledge.
2. Broker license’s duration is 05 years.
3. The Minister of Construction shall providing guidance on grant of broker license.
