Why is this important
Legalization of trust management — owners can officially transfer real estate to realtors for lease without the risk of fraud. The requirement for certification is to improve the qualifications of realtors, protect clients from non-professionals. Transparency — control over income and expenses will protect against rent theft.
What happened
- Realtors can officially manage real estate: lease, repair, accounting;
- Only firms with certified specialists are allowed;
- The standard regulates rights, obligations, contracts, and transparency;
- Goal: market stabilization, rights protection, quality growth.
Powers of Realtors
- Leasing: finding tenants, concluding contracts, collecting payments.
- Repair control: organization, quality control, timing.
- Income and Expense Accounting: Transparent Reporting to the Owner.
Requirements for realtors
- Certification: only firms with certified specialists are allowed — examination, training.
- Legislation: compliance with laws, the Code of Professional Conduct.
- Contracts: the standard regulates the conclusion of agreements — the protection of the rights of owners, realtors.
Transparency
- Reporting: Realtors are obliged to keep a transparent record of income (rent), expenses (repair, utilities).
- Control: the owner can verify the reporting, demand clarification.
Why
- Market stabilization: legalization of trust management will streamline the rental market and reduce the shadow sector.
- Protection of rights: the standard will protect owners from fraud (failure to pay rent, theft), realtors from unjustified claims.
- Quality growth: certification will improve the qualifications of realtors, improve the service.
Context
- The rental market is growing: due to urbanization (60% of the urban population), labor migration (1.8 million abroad), and students (500+ thousand).
- Trust management is a trend: owners transfer property to realtors for lease (don’t want to do it themselves, live in other cities).
- Problems: fraud (failure to pay rent to the owner, theft by realtors), unprofessionalism (poor repairs, conflicts with tenants).
- The standard solves problems: legalization, certification, transparency will protect owners, tenants, realtors.
