Yeongam-gun Intensifies Crackdown on Illegal Activities in Real Estate Brokerage Offices

Yeongam-gun Office Building Exterior (Photo by Yeongam-gun)

[Asia Economy Honam Reporting Headquarters Reporter Seo Young-seo] Yeongam-gun, Jeollanam-do (Governor Jeon Dong-pyeong) announced on the 16th that it will conduct guidance and inspections from the 22nd to the 26th to prevent illegal brokerage activities by real estate agencies in advance.

The main targets of this crackdown are unregistered brokerage activities, transfer or lending of certified real estate agent licenses and registration certificates, excessive brokerage fees, and compliance with real estate transaction reporting (actual transaction price) requirements.

To this end, the county has created a separate inspection checklist to check compliance with mandatory requirements and prohibited acts. Minor issues will be corrected on-site, while illegal brokerage activities will be subject to administrative sanctions such as fines and, if necessary, reported to judicial authorities.

In addition, due to recent COVID-19 cases linked to real estate agencies through employees or visitors mainly in the metropolitan area, Yeongam-gun plans to provide preventive guidelines to ensure similar cases do not occur locally.

A Yeongam-gun official stated, “Since real estate brokerage activities are directly related to the property rights of residents, we will do our best to establish a transparent and sound real estate transaction order through guidance and inspections.”

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