Real estate market information chaos: Need to choose professional broker

“Make Waves”market manipulation

In the report on the implementation of tasks in the first 9 months of the year and the key directions and tasks for the last 3 months of 2022, the Ministry of Construction assessed that one of the shortcomings in the real estate market is the phenomenon of trading floors colluding with each other to "hold goods", "create waves", causing "virtual fever" to take advantage of price differences, disrupting the market.

Sharing the same view, Mr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association analyzed: Although the current real estate brokerage force is large (about 300,000 people), most of them lack professionalism and awareness of law compliance. Among them, many people practice the profession in an unprofessional manner, snatching, "hoarding land, inflating prices", creating "virtual fever". Many brokers also defraud customers with "ghost projects" and false information. From there, causing serious consequences for consumers, affecting the reputation of genuine investors...

The real estate market has never cooled down.Investors need to research and choose the right professional consultants to ensure their rights before investing in real estate.Photo: Internet

According to Mr. Dinh, there are many reasons leading to the above situation. For example, the 2014 Real Estate Business Law stipulates that when practicing real estate brokerage, a practice certificate is required, but no training is required. This is a major problem, the reason why up to 90% of real estate brokers do not have the basic knowledge of a broker.

Meanwhile, the organization of certification examinations in many localities is also very weak and lacking, leading to a situation where only about 10% of real estate brokers have a practice certificate. Even if they have a practice certificate according to the law, their qualifications and capacity are not high.

Furthermore, many trading floors, when operating, did not comply with the regulations on registration and reporting of operating results to the management agency. Many floors became the main subjects creating "land fever", monopolizing the real estate market in many localities, causing bad consequences for the sustainable development of the real estate market in particular and the local economy in general. Like real estate brokers, real estate trading floors that are truly professional and truly comply with the law only account for about 10%...

Mthe world is not justproduct introductionproduct

Many representatives of trading floors also admitted that many real estate brokers and specialists, because of their immediate profits, completely forgot their responsibilities to investors and customers, especially F2 brokers. The common situation is to join hands to create fake "waves" to gain benefits for individuals and units; causing losses in both time and money for customers.

Faced with this situation, to ensure the rights of customers and contribute to the health of the real estate market, the Founder of Ecopark has carefully screened to select 30 agents authorized to introduce and officially distribute products at the Eco Central Park mega-project (nearly 200 hectares) in Vinh city, Nghe An province.

Only official floors and sales specialists are authorized to introduce the Eco Central Park project.

“These are all agents that Ecopark has carefully considered and selected for their reputation and extensive experience in the real estate market. In particular, to become an official consultant of the project, the sales specialists of the agents must pass many rounds of rigorous selection in terms of knowledge and ethics as well as passion for the product… Only the staff of 1 of the 30 official agents, who are granted a sales specialist card according to the regulations of the Ecopark Founder, are allowed to publicly introduce and advise on Eco Central Park products to customers”, said the representative of the Ecopark Founder.

Sales staff card at the projectEco Central ParkPhoto: Ecopark Founder

This person also recommends that, due to the heat of the real estate market in Vinh city in general and the project in particular, customers and investors should note: Only contact official agents and sales specialists to be introduced and consulted with accurate information about the project, avoiding inaccurate sources that negatively affect the interests of customers as well as the reputation of the Ecopark Founder.

Talking about the importance of professional and dedicated brokers, the representative of the Real Estate Brokerage Association also stated: The brokerage profession is not simply about introducing and selling real estate, but is a business in the real estate ecosystem with many strict requirements on knowledge, experience, ethics, etc. If the role and mission of a broker is fulfilled, it will not only ensure the rights of the individual and the partners, but also bring many values ​​to the real estate market as well as the socio-economic development of the country.