1: Intermediary service agencies engaged in real estate intermediary business shall establish corresponding real estate intermediary service agencies. Real estate intermediary service institutions should be economic organizations with the sole legal personality.
2. The establishment of a real estate intermediary service institution shall meet the following conditions: it shall have its own name, organization, fixed service place, a specified amount of property and funds, engage in real estate consulting business, have a secondary school education or above in real estate and related majors, a junior education or above, and a junior professional title or above, and must account for more than 50% of the total number.
3. To engage in real estate appraisal business, there must be a specified number of real estate appraisers, and to engage in real estate brokerage business, there must be a specified number of real estate brokers. The capital and personnel conditions for setting up real estate intermediary service institutions shall be reviewed by the real estate management department at or above the county level, and industrial and commercial registration shall be handled after passing the examination. Institutions that need to engage in real estate appraisal business across provinces, autonomous regions and municipalities directly under the Central Government shall report to the competent construction administrative department of the State Council for examination. After passing the examination, re-apply for industrial and commercial registration.
4. The establishment of a real estate intermediary service institution shall apply to the local administrative department for industry and commerce for registration. Within one month after obtaining the business license, the real estate intermediary service institution shall go to the real estate management department of the people's government at or above the county level where the registration authority is located for the record and set up a limited liability company.
5. A joint stock limited company engaged in real estate intermediary business shall also implement the relevant provisions of the Company Law of People's Republic of China (PRC), and the real estate management department shall conduct an annual inspection of the professional qualifications of real estate intermediary service institutions, and publish a list of qualified real estate intermediary service institutions at the beginning of each year. Those who fail to pass the inspection shall not engage in real estate intermediary business.