Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Property Agents Set for Tighter Control
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Property Agents Set for Tighter Control

Certification and Licensing for Real Estate Agents and Property Brokers to be Introduced by August 2009.


Bali News:
Click Image to Enlarge

(2/14/2009)

The government and the Indonesian Association of Real Estate Brokers (AREBI) have promised to begin surveying the actual number of property agents operating in Indonesia as part of an eventual certification process commencing from April 2009.

The government is targeting that all property brokers involved in the purchase and sale of properties will be qualified to hold licenses/certification by August of 2009.

According to the Director General of Domestic trade from the Department of the Trade, Subagyo, the establishment of a professional certification program for real estate agents is the first step in a program to bring order to the nation's real estate sector.

Speaking at a real estate conference in Jakarta, Trade Minister Mari Eka Pangestu said current steps are intended to bring a certainty of law to both consumers and brokers, and eliminate unhealthy business practice.

Pangestu said that in principle all forms of business must have a clear identity and follow set rules of the game. Adding, "anyone who wants to do business in the country must have a clear identity."

New Rules

Under the new rules, real estate agents and property consultants will be required to hold a new property agency business license (surat izin usaha perusahaan perantara, perdagangan properti SIUP4). In the past a simple trading license (SIUP) was sufficient, with the new rules having the additional requirement of professional certification.

The Chairman of AREBI, Tirta Setiawan, told the press that the final requirements for certification are being discussed the National Professional Certification Board (BSNP). According to Setiawan, through the beginning of February some 350 real estate companies from an estimated total of 1,500 have indicated their readiness to follow the new rules.

The President Director of ERA Indonesia, Darmadi Darmawangsa estimates the annual value of secondary property transactions approaches Rp. 100 trillion (US$8.6 billion). From that total 30% is estimated to be handled by professional brokers with the remainder processed by traditional brokers and unlicensed foreign property agents.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Law Enforcement is the Key
Bali Governor Tells Conference on Investment that Clear Rule of Law and Simplified Procedures Crucial to Economic Growth
(2/26/2017)
Uninspired Environmental Destruction
Police Seize Four Turtles from Taman Inspirasi Mertasai in Sanur Bali
(2/26/2017)
Seeing Stars in Bali
Four Season Bali and The Ayana Villas Wins Coveted Stars from the Forbes Travel Guide
(2/26/2017)
A Bali Adventure in Compassion
Bali Adventure Tours Comes to the Rescue in Songan Helping Landslide Victims
(2/26/2017)
Power Sharing
PLN Bali Has Sufficient Power Surplus for the Coming Few Years
(2/26/2017)
Nothing Above a Whisper, Please
Hindu Leaders Remind Public to Stay Home and Stay Quiet on Nyepi Day, Tuesday, March 28, 2017
(2/26/2017)
A Death Unexpected
65-year-old American Expatriate, John Thrasher, Found Dead in his Candidasa, East Bali Villa
(2/26/2017)
Tax as a Target
Bali Governor Wants Price Controls on Bali Hotels
(2/25/2017)
Close Every Door to Me
Sriwijaya Flight from China to Bali Returns to Guangzhou to Close a Door
(2/25/2017)
Connecting Communities Through Film
BALINALE Bali International Film Festival September 24-30, 2017
(2/27/2017)
Royals to Annoy All in Bali?
Bali Police Promise Extraordinary Security During Visit of Saudi Arabian King March 4-9. 2017
(2/25/2017)
When Your Girdle is Killing You
South African Woman Caught at Bali Airport with 1.1 kilograms of Methamphetamines Stashed in her Corset
(2/26/2017)
All [News]!