Wednesday, September 10, 2008

Foreign real estate brokers practise in VN

Ha Noi — Foreign real estate brokers with valid licences granted by foreign agencies will be permitted to practise in Viet Nam, the Construction Ministry has said.

These licences must be translated into Vietnamese, notarised or certified in accordance with Vietnamese laws, and sent to local agencies in charge of managing real estate business activities, the ministry added.

The Ministry of Construction will issue specific regulations on granting real estate brokerage and appraisal certificates to foreign individuals in the near future.

The present Law on Real Estate Business does not require educational and professional qualifications from individuals applying for real estate brokerage certificates. — VNS

Vietnam Real Estate News

Chao Vietnam Properties