Daejeon Special Judicial Police Uncover 11 Real Estate Agencies Violating Certified Realtor Act
One Real Estate Agency Violating Installation Standards and Others Referred to Prosecution
The Daejeon City Special Judicial Police announced that, starting from September, they conducted joint crackdowns with local districts on illegal real estate brokerage activities and uncovered 11 real estate agencies violating the Certified Real Estate Agents Act.
As a result of the crackdown, one agency was found in violation of office establishment standards and another for overcharging brokerage fees; both will be referred to the prosecution. Nine agencies that violated real estate contract drafting regulations will be subject to administrative action by the relevant local districts.
Lim Muk, Director of Daejeon City’s Citizen Safety Office, stated, “We will establish a fair and transparent real estate transaction order through the establishment of an organic cooperation system with local districts and joint crackdowns and investigations on illegal brokerage activities.”
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