Real estate brokerage fee liberalization

The market plays a decisive role in the allocation of resources, improve the formation mechanism of the real estate intermediary service price, and promote the healthy development of the industry, recently, the provincial development and Reform Commission, the Provincial Department of housing and urban rural construction jointly issued a notice, decided to let go of our province real estate advisory services, real estate brokerage service fees, charges on both sides in the future negotiate.

according to the notice, the real estate agency entrusted to provide real estate policies and regulations, technical and related information consulting services, and housing rental agency, brokerage house trading agency service charges, the implementation of market regulated prices, fees are determined by the party and the entrusted party negotiation according to the service content, service cost, service the quality of client and market supply and demand.

notice requirements of real estate intermediary service institutions legitimate business, honest and trustworthy, to provide our clients with reasonable price, high quality and efficient service; strictly enforce the system of price tag, business premises prominently publicized price list, a service that contains multiple projects and standards, should be labeled, shall not be mixed or bundled price collection and payment the taxes and fees should also be marked. Real estate intermediary service agencies shall not charge any fees not marked. Price departments at all levels of the real estate agency after the charges do not perform their duties according to the agreed obligations, as well as the use of false or misleading price fraud conduct thorough investigation. These Provisions shall be implemented as of July 1, 2014.

 

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