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영어

Article 1 of Act on Realtor’s Service and Transaction Reports on the Real Estate prescribe legislative purposes of the law such like guiding and bringing up real estate brokerage soundly, and contributing to national economy by settling up transacting principles of transparent real estates. And Article 30 of the same act stipulates subscriptions on mutual aid system or insurances for obligatorily guaranteeing liability on damages or service warranty setting like depositing to the courthouse before registering and opening real estate brokerage so as to prepare for cases of property damage occurrences to transacting parties owing to brokering activities of real estate agents as a mandatory law. As aforesaid, service guarantee setting of real estate brokers is to make preparations for unexpected transacting accidents and thus the brokers joined in the mutual aid system operated by Korea Association of Real Estate, and thus soundness of the mutual aid and stability of the aid funds could be said as having its importance. As the result of analyzing necessity of mutual aid system, positive answers were majority, but most respondents expressed negative answers on the operating type of mutual aid system. Also, considerable numbers answered that establishing any separate corporation besides Korea Association of Real Estate or management by financial companies is necessary as the system’s operating subject. This means that most subscribers of mutual aid system sympathize with institutional necessity of the system in one hand, but they recognize problems from operational, business aspects in the other hand. Therefore, government shall endeavor for arranging improvement plans that can satisfy consumers and mutual aid subscribers in respect of fitting to soundness and stability of real estate mutual aid system afterwards in addition to Korea Association of Real Estate as a mutual aid operator.