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
Jln. By Pass Ida Bagus Mantra,
Jln. Pucuk 1 No. 70X
Denpasar, Bali
Indonesia

24h:
+62 (0)812 3819724
Tel:
+62 (0)361 464 032, +62 (0)361 471 0242

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
Advanced Dance Lessons for Healing Fingers
12-Day Comprehensive Massage Course from Jari Menari September 17-24, 2018
(1/21/2018)
Welcome the Earth Dog!
The Laguna at Nusa Dua Celebrates Chinese Lunar New Year with Banquets and High Teas February 9 – 17, 2018
(1/21/2018)
Incorrect Rectal Retention
Russian Tourist Caught with Commercial Quantities of Hashish at Bali’s Airport
(1/21/2018)
An Evening of Music Not to be Missed
An Evening of World Class Piano, Viola, and Voice at Padma Resort Legian on Sunday, February 4, 2018
(1/21/2018)
When Indonesia’s Dragons Become Too Popular
Beyond Bali: Government to Set Maximum Visitor Limits in 2018 at Komodo National Park
(1/21/2018)
COMO Uma Canggu to Open in February 2018
Bali Property will be the 14th COMO Property Worldwide and First Seaside Resort Among 3 Island Properties
(1/21/2018)
‘Oh!’ said Pooh.
Bali Zoo Home to a Newborn Honey Bear
(1/21/2018)
Construction Zone Ahead
Underpass Update: Expect Delays on Northbound Travel Between Jimbaran and Bali Airport During January-February 2018
(1/21/2018)
ARTOTEL for Hope
ARTOTEL Sanur Raises Funds for Bali’s Schizophrenia Community.
(1/21/2018)
25 Years of Helping the Community
Join the 25th Anniversary of Rotary Club Nusa Dua on Saturday, February 3, 2018
(1/21/2018)
No Parking in the Name of the Law!
Additional Steps Underway to Ensure Compliance with New Traffic and Parking Rules in Ubud, Bali
(1/21/2018)
Return to the Elements
Ubud Prepares for Royal Cremation on Friday, March 2, 2018 of Anak Agung Niang Agung
(1/21/2018)
All [News]!