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
Cherish the Children
4th Asian Forum on the Rights of Child Hosted at Bali Safari and Marine Park
(11/28/2016)
A Holiday that Sparkles Like a Jewel
Celebrate The Holiday Season At The John Hardy Ubud Workshop & Showroom
(11/27/2016)
That’s the Lot
Tanah Lot On Target to Receive Record Number of Visitors for 2016
(11/27/2016)
Missing Punters
Water Sports Operator at Tanjung Benoa at a Loss to Explain Sudden Downturn in Business
(11/27/2016)
Keeping AIDS at Bay with ARV in Bali
Bali Supply of ARV to Manage HIV Cases in Bali is Sufficient
(11/27/2016)
License and Registration, Please
Gianyar, Bali Police Ticket 1,500 Motorists in First Nine Days of ‘Operasi Zebra Agung’
(11/27/2016)
One out of a Dozen
Only One Minister Out of 12 Invited Show Up for One Day Study Tour of Nusa Penida
(11/27/2016)
The Capital of Merriment at Year’s End
Denpasar Festival December 28-31, 2017
(11/27/2016)
Bless Our Beasts, Great and Small
‘Tumpek Kandang' – A Day Dedicated to Animals Celebrated at Bali Safari & Marine Park
(11/27/2016)
Eliminating Japanese Encephalitis in Bali
Bali Selected for Japanese Encephalitis Vaccine Pilot Project in 2017
(11/27/2016)
Narrow Squeak with the Law
Australian Teenager Flies Home to Australia After Spending Two Days with Bali Police After Suspicious Substance Found in His Possession
(11/27/2016)
Tourism Needs a Firm Foundation
North Bali Tourism Needs Infrastructure Support
(11/27/2016)
All [News]!