Gangnam-gu, Joint Voluntary Guidance and Inspection of Real Estate Brokerage Offices

Establishing a Sound Transaction Order through the Operation of the 'Joint Autonomous Guidance and Inspection Team' and the 'Brokerage Fee Dispute Mediation Council'

[Asia Economy Reporter Jong-il Park] Gangnam-gu (District Mayor Jeong Soon-gyun) will promote the project "Creating a Real Estate Brokerage Culture Together in Mutual Prosperity (相生)" starting in March to establish a sound and transparent real estate transaction order.

The district, upon recommendation from the Licensed Real Estate Agents Association, has formed a "Joint Voluntary Guidance and Inspection Team" composed of pairs to inspect brokerage offices for ▲ unregistered or unqualified brokerage and excessive brokerage fees ▲ appropriateness of transaction contracts and brokerage object confirmation/explanation documents ▲ market disruption activities including price collusion in the real estate transaction market.

Additionally, a "Brokerage Fee Dispute Mediation Council" consisting of six members including district office staff and Licensed Real Estate Agents Association members will be operated to encourage resolution of disputes before legal litigation.

With about 2,570 real estate brokerage offices, the largest number among local governments nationwide, Gangnam-gu is leading efforts to improve the friendly image of brokerage offices through private autonomous shared living services.

In particular, since October 2018, the district has operated the "Our Neighborhood Happiness Sharing Center" designation project, allowing residents to receive life services such as copying, faxing, borrowing household tools, and free access to real estate study materials at brokerage offices.

To prevent brokerage accidents, the district also provides legal information text services to licensed real estate agents operating in the area and operates the "Real Estate Illegal Transaction Reporting Center" (☎3423-6305~6) on a regular basis.

This content was produced with the assistance of AI translation services.