License for a Real Estate Trading Floor

Obtaining a license for a real estate trading floor is a critical first step to ensure transparency, professionalism, and legal compliance in the real estate business sector. Adherence to these regulations enhances the operational efficiency of the trading floor and protects the interests of all market participants.

Operating Conditions for a Real Estate Trading Floor

According to Article 55 of the Law on Real Estate Business 2023 and Article 15 of Decree 96/2024/ND-CP dated July 24, 2024, a real estate trading floor must meet the following conditions:

• The manager or operator of the trading floor must have the right to manage an enterprise in Vietnam and have completed a training course on the management and operation of a real estate trading floor, evidenced by a certificate of completion.
• The trading floor must be legally established and registered.
• The trading floor must issue and make public its real estate transaction procedures.
• The trading floor must register a fixed operating location and have the necessary physical and technical facilities to support its activities.
• The legal representative of the enterprise and the operator of the trading floor are responsible for the floor’s activities. The legal representative may also be the operator.
• The trading floor must have a name, a stable transaction address for over 12 months, and technical equipment that meets operational requirements.
• The trading floor is responsible for implementing anti-money laundering measures and reporting in accordance with the law.

>>> See more at: What are the conditions for establishing a real estate trading floor?

Competent Licensing Authority

According to Article 6 of Decree 144/2025/ND-CP dated June 12, 2025, the provincial-level state management agency for real estate business, which is the Department of Construction where the trading floor is headquartered, is responsible for issuing the license for a real estate trading floor.

Licensing Procedure for a Real Estate Trading Floor

Before commencing operations, a real estate trading floor must submit a dossier to the Department of Construction where its head office is located to obtain a license. The procedure is specified in Article 14 of Decree 96/2024/ND-CP.

Application Dossier Components

The registration dossier includes:

• An application for the operation of the real estate trading floor.
• The Enterprise Registration Certificate.
• Documents proving the right to use the premises of the trading floor.
• A copy of the certificate of completion of the course on management and operation of a real estate trading floor for the floor’s operator.
• A list of real estate brokers who have been issued real estate brokerage practice certificates.

>>> CLICK TO DOWNLOAD: Application form for operation of a real estate trading floor

>>> See more at: Re-issuing the operating license of a real estate trading floor: Procedures

Procedural Steps

1. The organization or individual establishing the trading floor submits the dossier to the Department of Construction where the head office is located (via direct submission, postal service, or online).
2. Within 15 working days of receiving a complete dossier, the provincial-level state management agency for real estate business will review the dossier and issue the license for a real estate trading floor. A written notification stating the reasons will be provided in case of refusal.
3. After issuing the license, the agency reports to the Department of Construction to publish the trading floor’s information on the Department’s official website.
4. The published information includes: the trading floor’s name, the founding enterprise’s name, the operator’s full name, and the trading floor’s address and contact number. This information is also updated in the housing and real estate market database.
5. In case of changes to the name, address, legal representative, or other registered information, the trading floor must, within 10 working days, submit a written notification to the licensing authority to be re-issued a new license.

Processing Time

The processing time for the procedure to obtain a license for a real estate trading floor is 15 days from the date of receipt of a valid dossier.

Consulting and Authorization Services for Licensing

Long Phan Consulting Company provides comprehensive services for the procedure to obtain a license for a real estate trading floor. Our service content includes:

• Comprehensive Legal Consultation
  • Providing detailed advice on the legal conditions for operating a real estate trading floor.
  • Outlining the specific dossier components and the procedural steps for licensing.
  • Offering detailed guidance on the entire application process from start to finish.
• Dossier Preparation and Review
  • Conducting a thorough legal review of all client-provided documents and evidence.
  • Drafting and preparing the complete set of necessary application documents.
  • Ensuring the final dossier is accurate and compliant before submission to the competent authority.
• Authorized Representation and Follow-Up
  • Acting as the client’s authorized representative to submit the dossier and monitor its progress.
  • Interacting with the competent authority on the client’s behalf throughout the processing period.
  • Receiving the final license, delivering it to the client, and providing clarification on its contents.

With a professional and dedicated team, Long Phan Consulting Company is committed to helping clients complete the licensing procedure correctly and efficiently.

Frequently Asked Questions

Below are common questions related to obtaining a license for a real estate trading floor.

What is a real estate trading floor?

A real estate trading floor is a place where transactions involving the sale, transfer, lease, sublease, or hire-purchase of real estate occur. It is established and operates under the provisions of the Law on Real Estate Business. Legal Basis: Clause 10, Article 3, Law on Real Estate Business 2023.

How is the name of a real estate trading floor business regulated?

The name is chosen by the founding organization or individual and must include the phrase “sàn giao dịch bất động sản” (real estate trading floor). It must not be identical or confusingly similar to the name of another registered real estate trading floor. Legal Basis: Clause 2, Article 54, Law on Real Estate Business 2023.

Can the operating license be re-issued?

Yes. In cases where the license is lost, torn, burnt, or destroyed, the entity can apply for re-issuance as regulated in Clause 3, Article 17 of Decree 96/2024/ND-CP dated July 24, 2024.

Can another person be authorized to carry out the procedure?

Yes. An applicant can authorize another person. However, a power of attorney or authorization letter must be established and duly notarized or certified as required by law.

What documents does the applicant receive after a successful procedure?

The applicant receives the Operating License of the Real Estate Trading Floor.

Conclusion

The license for a real estate trading floor is pivotal for managing and developing a transparent and effective real estate market. A solid understanding of the licensing procedure helps organizations and individuals execute the process quickly and efficiently.

For detailed consultation and support, please contact Long Phan Consulting Company via our hotline: 1900636389 for dedicated and professional service.