The Limited Times

Now you can see non-English news...

Tighten the full moon search|Real estate industry: professional investor Yizao City agent worried about being robbed of business


The Companies Registry and the Land Registry have implemented the "Real-Name Search" on November 1 this year, that is, the name and ID number must be declared during the search. The measure has been implemented for one month. Investors who buy and sell shops from time to time agree

The Companies Registry and the Land Registry have implemented a "real-name search" on November 1 this year, that is, the name and ID number must be declared when searching. The measure has been implemented for one month. Investors who buy and sell shops from time to time think Tightening the search will help "professional" investors to "fish in troubled waters" and provide room for "market making", but at the same time, market transparency is reduced, which prevents the general public from grasping the realities of the market.

Another front-line property agent said that after the "real name search", he was worried that part of the transaction process would be discovered by his peers and the business would be intercepted.

Transparency declines, big owners are easy to "dance higher and lower lower"

The "real name search" measure has been implemented for one month. Li Genxing, the founder and CEO of Shenghui Store Fund, said that in the past, many property transactions have also been reported by the media to play a monitoring role to prevent all kinds of "left-hand and right-hand" and "Wu Gao Nong Market manipulation such as "low".

However, after the search is tightened, he believes it will be beneficial to "professional" investors to "fish in troubled waters" and provide "market making space."

For example, he pointed out that if a shop investor spends 50 million yuan to buy 4 shops, and then the sub-contract becomes 8 shops, as long as one of the shops is resold to a relevant person for a high price of 10 million yuan, the value of the entire batch of shops will also vary. It has risen sharply, but the outside world does not know.

Li Genxing said that the tightening of searches has reduced market transparency, which is detrimental to non-professional investors.

(Photo by Luo Guohui)

Li Genxing also believes that the new measures will reduce the transparency of the market, which is absolutely detrimental to non-professional investors. "We can't see through the market and the high prices and loss of transactions." He added that if there have been new markets in the past, second-hand properties in the area have been on the eve of the sale. There are high-priced transactions, but the actual transaction price of the final registration is "lower". Another example is that a consortium buys an old building, which is used to buy a newly opened shell company, and some of them enter the market at a super high price, but they are tightening the search Later, it is difficult to monitor and disclose, these transaction transactions may affect the views of the general public, and even affect their decision to enter the market.

Leaked transaction process is easy to be intercepted by peers

In addition, some real estate agents worry that the transaction process will be tracked.

Zheng Deming, senior sales director of Real Estate, Commercial and Investment Department of Ricacorp (Industrial and Commercial), said that the agency work has not been affected too much. However, as the real-name system is currently required to conduct searches, the names and identities of the relevant agents will be printed on the registration documents. Above, some front-line agents worry that the property transaction process will be known by the company or other peers, be "offered" or be intercepted by peers.

In this regard, the company intends to use the name of the supervisor to conduct searches in order to reduce transaction risks.

Chen Yongjie, vice chairman and president of the residential department of Centaline Real Estate Asia Pacific, believes that the group's front-line employees are operating normally when dealing with second-hand housing transactions, because when real estate agents deal with property transactions, they need to conduct searches in accordance with the "seven things" of the Bureau of Land Supervision to confirm the owners. Identity, "However, if there is no necessary search, we will not be able to do a search involving the form of a bottom search," Chen Yongjie pointed out.

Asked if a professional investor who holds multiple properties entrusts the bank to sell one of the properties, will the agent conduct a search on the investor’s other properties? Chen Yongjie pointed out that only the entrusted property would be searched. No search will be conducted on other related properties held by the marketer.

Tighten search records︱Real estate agents: failure to "two-factor authentication" makes it difficult to protect the interests of both buyers and sellers.

Source: hk1

All news articles on 2021-11-30

You may like

News/Politics 2021-09-18T14:46:49.127Z

Trends 24h

News/Politics 2022-01-26T13:46:17.203Z


© Communities 2019 - Privacy