The lack of professionalism among many local real estate brokers is partly to blame for property market fluctuations that are hurting the industry, experts said at a conference last Saturday.
Speaking at the conference on International Networking and Cooperation in Real Estate Investment and Brokerage in Ho Chi Minh City, Deputy Minister of Construction Nguyen Tran Nam said the presence of untrained brokers focused on earning quick and easy profits was increasing the element of risk in the local real estate market.
Vu Thi Hoa, deputy head of the Ministry of Construction’s housing and real estate market management department, said brokers were not able to perform their proper role as intermediaries because they were not aware of all the functions that this entailed.
