Procedures for registering real estate trading floors operations

Article overview

Real estate trading floors are the place to carry out transactions on buying, selling, transferring, leasing and other activities related to real estate. To operate legally, organizations or individuals need to carry out procedures to register to operate a real estate trading floor in accordance with the law. This article will provide detailed information about the conditions and registration procedures, helping you better understand this process.

Register to operate real estate trading floors
Register to operate real estate trading floors

How are real estate trading floors regulated?

According to Clause 10, Article 3 of the Law on Real Estate Business 2023, real estate trading floor is a place where transactions of buying, selling, transferring, leasing, subleasing, and leasing-purchasing real estate take place, established and operating in accordance with the provisions of law.

Trading floors play an important role in connecting parties involved in transactions, providing accurate information about real estate, and supporting related services such as notary, banking and other legal services.

Specifically, the real estate trading floor has functions such as checking the legality of real estate, supporting negotiations, negotiating contracts, storing transaction information and providing transaction data to the state management agency of real estate business at the provincial level.

The establishment and operation of a real estate trading floor must meet strict requirements to ensure transparency and legality in transactions.

Conditions for real estate trading floors to operate

According to Article 15 of Decree 96/2024/ND-CP, there are basic conditions for a real estate trading floor to operate legally. These conditions include requirements for managers, locations, facilities and anti-money laundering requirements.

  • Regarding the manager and operator of the trading floor: The manager of the real estate trading floor must have a certificate of completion of a training course on management and operation of the real estate trading floor. The floor’s legal representative can also be the floor’s executive manager.
  • Regarding location and facilities: The real estate trading floor must have a fixed and stable operating location for over 12 months, with full facilities and equipment to meet the requirements for transaction activities.
  • Regarding anti-money laundering measures: Real estate trading floors must have anti-money laundering measures and report according to the law on anti-money laundering.
Procedures for registering real estate trading floor operations
Procedures for registering real estate trading floor operations

Real estate trading floor registration process

Registration documents

According to Clause 2, Article 14 of Decree 96/2024/ND-CP, the registration file for real estate trading floor operation includes the following documents:

  • Application for registration of operation of a real estate trading floor (according to the form at Appendix XVII).
  • Business registration certificate.
  • Documents proving the right to use the headquarters of the real estate trading floor.
  • Copy of certificate of completion of real estate trading floor management and operation course.
  • List of real estate brokers who have been granted real estate brokerage practice certificates.

This application will be submitted directly or sent via the postal system or submitted online to the state management agency on real estate business at the provincial level where the trading floor’s headquarters is located.

Execution order

The procedure for granting a license to operate a real estate trading floor is specifically stipulated in Clause 3, Article 14 of Decree 96/2024/ND-CP, as follows:

Step 1: Submit application

The subject registering to submit the application must submit the application to the state management agency on real estate business at the provincial level where the headquarters of the trading floor is located, through the following forms:

  • Submit directly;
  • Send via postal system;
  • Submit an online application.

Step 2: Process documents

  • After submitting a complete registration application, within 15 working days, the provincial state management agency for real estate business will examine the application and issue a License to operate the real estate trading floor.
  • If the dossier is invalid, the competent authority will notify the reason and request additional information.

Step 3: Announce the license

  • From the date of issuance of the operating license, the state management agency will announce information about the real estate trading floor on the website of the Ministry of Construction.
  • In case there is a change in information such as name, address, or legal representative, the real estate trading floor must report to the management agency to update and reissue the license.
Support service for registering real estate trading floors operations
Support service for registering real estate trading floors operations

Consulting on procedures for registering real estate trading floors operations

At Long Phan, we provide consulting services and support in implementing procedures related to the establishment and registration of real estate trading floors, including the following contents:

  • Consulting on regulations related to the establishment and operation of real estate trading floors.
  • Guide and prepare documents to register for real estate trading floor operations.
  • Consulting and support on necessary conditions for managers and operators of real estate trading floors.
  • Instructions on anti-money laundering measures and reporting according to the provisions of law.
  • Support registration and issuance of training course completion certificates for real estate trading floor managers.
  • Consulting on the listing process and providing real estate information through the trading floor.
  • Customer representatives work with state agencies to complete procedures for granting operating licenses to real estate trading floors.

The registration process for real estate trading floors is not too complicated, but requires organizations and individuals to strictly comply with regulations. Correct implementation of procedures will help the trading floor operate legally and effectively. If you have any questions about the registration process or need assistance in registering real estate trading floors, please contact us via the hotline 0906735386 for quick advice and support.