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Haofang News Reporter Dai Yuchun / Full Report
On the afternoon of the 30th, the Legislative Yuan passed three draft amendments, including the “Equal Land Rights Ordinance”, the “Land Officials Law” and the “Real Estate Brokerage Management Regulations”. The Ministry of the Interior stated that, in addition to the full disclosure of house and land numbers, full control of pre-sale houses and immediate declarations, the addition of the authority’s inspection powers and the increase of the sanctions, this amendment also includes the management of the transactions of the red list of presale houses and the formalized contracts. Provisions for reference. After implementation, it will promote more transparent, real-time and accurate real estate transaction information, stop pre-sale home transaction speculation, and improve market development.
The Interior Ministry further stated that the main points of the amendment to the bill passed during the third reading include:
1. Full Disclosure of Transaction Information House Number and Land Number:
Eliminate current regulations to disclose transaction information in a segmented and anonymous manner, so that information about house number and land number are fully disclosed and the cases that have been disclosed are tracked to make the information of the transaction is more transparent.
Nett login 2.0 passed the third reading! Red warrant trading and full disclosure of house numbers are prohibited Photo / Photo by Huang Weidi, Haofang.com news reporter
2. Comprehensive management and immediate declaration:
Those applying for additional homes for sale and pre-sale must report construction information in writing to the local government for reference prior to sale, and include self-sellers in the scope of the actual price recording system, and the declaration time must be advanced 30 days after the signing of the purchase contract for the presale house. Make pre-sale housing transaction information more real-time.
3. Renew the inspection power of the competent authority and increase the penalties for repeated failure to correct:
It is added that the competent local authority can consult the relevant documents of the parties to the transaction, etc., and clearly stipulate that for suspicions of false statements of registered prices, the competent central authority can consult the relevant authorities or financial institutions to consult relevant documents on pricing information. In addition, for not declaring according to the limit, the declared price or the false transaction area, if a fine of 30,000 to 150,000 has been imposed twice per household (building), the penalty will be increased by 300,000 to 1 million. Yuan is fined to make sure the transaction information is correct.
4. Management of red order transactions
When it is clear that the seller of a presale home receives the deposit, it will establish the object and the price in a written agreement, and will not accept that the seller reserves the right to sell, reserves the right to contract or other matters that are conducive to the buyer, and the buyer will not sell early. The red house notes are resold to a third party; violators will be fined between 150,000 and 1 million yuan per household (building) to avoid speculation.
5. Finalized contract for the purchase and sale of houses prior to the sale as a reference
Those who clearly intend to pre-sell the home should submit the completed contract for the pre-sale of the home to the local government for reference prior to the sale. After the review, if the used contract does not conform to the formalized pre-sale house purchase and sale contract, the items that need to be registered and not registered will be directly fined 60,000 to 300,000 yuan per household (building) to protect the rights and consumer interests.
The Interior Ministry emphasized that after the approval of this bill, it is necessary to coordinate the amendment of the relevant laws, declaration forms and operating systems, and handle the publicity work, so the implementation date will be announced by separated by the Executive Yuan. All sectors of society have high expectations regarding this revision of the real estate registration law. In addition to thanking the ruling and opposition parties and members of the Legislative Yuan for their support and advocacy, the Interior Ministry will also complete related support tasks as soon as possible to provide more transparent, real-time and accurate information on transactions of real estate. Reduce price bids and disputes with consumers, and make the housing market healthier.
