청 "No Review Conducted on Establishing a Real Estate Transaction System Without Intermediaries"

Response to National Petition on Real Estate Transaction System... "Gongin Junggaesa Plays a Crucial Role in Real Estate Transactions"

[Asia Economy Reporter Ryu Jeong-min] The Blue House stated that it has never considered establishing a real estate transaction system without licensed real estate agents.

On the 20th, the Blue House emphasized this in response to a public petition titled "Opposition to a Real Estate Transaction System Without Agents." A total of 203,274 citizens participated in this petition, reflecting the difficulties faced by the real estate brokerage industry.

Yoon Seong-won, First Vice Minister of the Ministry of Land, Infrastructure and Transport, explained in his response to the petition, "I will respond to the petition related to the ‘real estate transaction system without agents’ included in the explanatory materials for next year’s budget announced by the government last September." He added, "The petitioner expressed opposition to the ‘real estate transaction system without agents’ and appealed for the difficulties faced by the brokerage industry."

On the 20th, when the weather was fully autumnal, citizens who visited Namsan in Seoul were looking out over the open cityscape. Photo by Dongju Yoon doso7@

Vice Minister Yoon stated, "The Ministry of Strategy and Finance explained on September 23 through a press release that the blockchain pilot project, which the Ministry of Science and ICT plans to promote through a public contest next year, was just an example." He added, "They also stated that the specific project selection and implementation method will be finalized later through the contest."

In particular, Vice Minister Yoon emphasized, "The Ministry of Land, Infrastructure and Transport also responded during this year’s National Assembly audit that it has never considered establishing a ‘real estate transaction system without agents.’"

Vice Minister Yoon attributed significance to the expertise of licensed real estate agents. He said, "Real estate involves not only legally registered rights such as registration but also various variables in transactions, including the individual characteristics of the property." He continued, "Even for apartments, which account for the majority of transactions, prices vary depending on the floor, view, direction, and location. For multi-family houses, single-family houses, commercial buildings, and land, the individuality of real estate becomes even more complex."

Vice Minister Yoon stated, "Citizens may face difficulties due to a lack of specialized knowledge and information when conducting real estate transactions. Licensed real estate agents have played an important role in verifying and explaining brokerage objects, guaranteeing compensation for damages, and mediating various disputes during the transaction process."

He pledged, "The government will make further efforts to ensure that licensed real estate agents can fulfill these roles and responsibilities. Joint on-site inspections with related agencies are being conducted regularly to block illegal activities that disrupt real estate transaction order, such as brokerage by unregistered agents. We will continue to respond strictly with a zero-tolerance policy to any violations found."

Vice Minister Yoon added, "To effectively block acts that interfere with the normal brokerage duties of licensed real estate agents, we established and are operating the ‘Real Estate Transaction Order Disturbance Reporting Center’ in February this year." He concluded, "Since real estate brokerage services are industries closely related to citizens’ lives, we will listen more carefully to the public’s voices regarding service quality improvement and brokerage fee levels."

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