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Economy 06/08/2010 Draft law “On realtor activity” reviewed at roundtable
Draft law “On realtor activity” reviewed at roundtable
Tashkent, Uzbekistan (UzDaily.com) -- Committee of Legislative Chamber of Oliy Majlis on budget and economic reforms in cooperation with the Committee on management of the state property of Uzbekistan (State Property Committee) held a roundtable to discuss draft law “On realtor activity”, passed in the first reading.

Heads of ministries and departments, scientists and specialists of the sector participated at the roundtable. Participants reviewed the draft bill, which was prepared for second reading.

Participants gave recommendations and proposals on licensing and state regulation of the realtor activity, determining types of realtor activity, rights and obligations of realtor organizations and their customers, setting requirements to realtors, etc.

As earlier reported, the law will help to create necessary and effective legal base, which would regulate real estate activity and implementation of which would serve as barrier before unskilled people.

According to the State Statistics Committee of Uzbekistan, currently, number of registered realtor organizations makes up 2,516, which render mediatory services in real estate market. But according to estimates of the specialists, there are many people, who carry out this activity without state registration.

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