Is it illegal for real estate agents to make advances?

Legal analysis: it is not illegal for an intermediary to buy a second-hand house, but there will be many disputes when the intermediary buys a house, mainly involving the obligations of the seller, who has to bear the adverse consequences caused by the advance payment.

Legal basis: People's Republic of China (PRC) City Real Estate Management Law.

Fifty-sixth real estate intermediary service agencies include real estate consulting agencies, real estate price assessment agencies, real estate brokerage agencies and so on.

Article 57 A real estate intermediary service institution shall meet the following conditions:

(1) Having its own name and organization;

(2) Having a fixed service place;

(3) Having the necessary property and funds;

(4) Having a sufficient number of professionals;

(5) Other conditions stipulated by laws and administrative regulations.

The establishment of a real estate intermediary service institution shall apply to the administrative department for industry and commerce for registration of establishment and obtain a business license before it can start business.