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LAW OF THE REPUBLIC OF UZBEKISTAN

of December 22, 2010 No. ZRU-269

About realtor activities

(as amended on 12-10-2021)

Accepted by Legislative house on November 23, 2010

Approved by the Senate on December 3, 2010

Chapter 1. General provisions

Article 1. Purpose of this Law

The purpose of this Law is regulation of the relations in the field of realtor activities.

Article 2. Legislation on realtor activities

The legislation on realtor activities consists of this Law and other acts of the legislation.

If the international treaty of the Republic of Uzbekistan establishes other rules, than those which are stipulated by the legislation the Republic of Uzbekistan about realtor activities then are applied rules of the international treaty.

Article 3. Realtor activities

Realtor activities is business activity of legal entities and physical persons on rendering on contractual basis of the services connected with the conclusion of transactions with real estate objects and rights to them.

Article 4. Realtor organization

The realtor organization is the commercial organization performing realtor activities according to the procedure, established by this Law.

The realtor organization can be created and perform the activities in any form of business, stipulated by the legislation.

The realtor organization shall have in the state at least two workers having the qualification certificate of the realtor (further - the qualification certificate), including the head of the realtor organization.

The realtor organization except realtor activities has no right to perform other types of activity.

The realtor organization cannot be created by state governing bodies.

The realtor organization performs the activities in the presence of the policy of assurance of the civil responsibility.

Article 5. Realtor

The realtor - the person having the status of the individual entrepreneur, the qualification certificate and performing realtor activities according to the procedure, established by this Law.

The realtor can render intermediary services in case of the conclusion of transactions on real estate objects and the rights to them.

The realtor shall have the policy of assurance of the civil responsibility.

Article 5-1. Professional public associations in the field of realtor activities

Professional public associations in the field of realtor activities are the non-state non-profit organizations based on membership at least fifty realtor organizations and realtors, operating for the purpose of assistance to increase and maintenance of professional level of realtors, protection of their professional interests including in courts.

Professional public associations in the field of realtor activities:

participate in development of test questions to qualification examination of the realtor and in holding qualification examination;

approve the Code of professional behavior of realtors and provide systematic monitoring of its observance;

prepare suggestions for improvement of the legislation on realtor activities;

accept in accordance with the established procedure in membership the realtor organizations and realtors;

keep the register of the members and post it on the official website;

exercise control of observance by the members of requirements of this Law, national standards of realtor services, the Code of professional behavior of realtors, other regulatory legal acts in the field of realtor activities;

exclude the realtor organizations and realtors from membership for the violations revealed as a result of control bring submission to authorized body about cancellation of the qualification certificate of the realtor who allowed violations;

will organize information and methodical providing the members;

participate in work of the international organizations and commissions of authorized state body in the field of realtor activities;

provide monitoring of system of advanced training of realtors and following the results of year till January 20 provide in authorized body information on passing of professional development course in training centers on training of realtors.

The decisions made by professional public associations in the field of realtor activities within the powers are obligatory for execution by all their members.

Professional public associations in the field of realtor activities are financed by the admission and membership fees and other means which are not forbidden by the legislation. At the same time the sizes of fees and rates of payment it is established by general meeting of their members.

Heads and employees of professional public association in the field of realtor activities have no right to be founders of the realtor organization, to work in the realtor organization or to act as the realtor, to sign contracts of civil nature with the realtor organization, and also to be affiliates concerning heads, realtors or other employees of the realtor organizations.

Article 5-2. Governing bodies of professional public associations in the field of realtor activities

The supreme body of professional public association in the field of realtor activities is general meeting of his members which is convened at least once in five years.

The executive body is elected by the supreme body of professional public association in the field of realtor activities from among his members and performs the current management of activities of public association.

Article 6. Authorized state body in the field of realtor activities

The authorized state body in the field of realtor activities is determined by the Cabinet of Ministers of the Republic of Uzbekistan.

Authorized state body in the field of realtor activities:

coordinates activities of professional public associations in the field of realtor activities;

holds qualification examination together with professional public associations in the field of realtor activities;

performs issue, cancellation and cancellation of the qualification certificate;

considers representations of professional public associations in the field of realtor activities about cancellation of the qualification certificate;

approves the single program of advanced training of realtors together with professional public associations in the field of realtor activities and controls its accomplishment;

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