Daejeon City Cracks Down on False and Exaggerated Real Estate Listings
[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City is cracking down on false and exaggerated real estate listings in the region.
The city announced on the 21st that it will conduct a joint intensive crackdown on false online real estate listings with the Daejeon branch of the Korea Association of Realtors until early next month.
The crackdown is being carried out in response to the increase in false and exaggerated advertisements posted on real estate brokerage platforms (Dabang, Zigbang, etc.) and SNS (YouTube, Instagram), as the use of online real estate brokerage has increased more than in-person transactions due to the spread of COVID-19.
The main targets of the crackdown include ▲ violations of mandatory disclosure due to omission of accurate listing information ▲ false or exaggerated advertisements where the advertised information differs from reality ▲ violations of advertising entity rules such as advertisements by non-licensed realtors ▲ failure to delete listings after transactions are completed.
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- Man in His 30s Dies After Assaulting Father and Falling from Yongin Apartment
- Samsung Union Member Sparks Controversy With Telegram Post: "Let's Push KOSPI Down to 5,000"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
Jang Il-soon, Director of the Urban Housing Bureau of the city, said, “We will conduct a focused inspection of online real estate listings to prevent citizen harm caused by false and exaggerated advertisements.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
