Decree No.50 of the Ministry of Construction clearly stipulates this:
Eleventh engaged in real estate intermediary business, should set up the corresponding real estate intermediary service institutions.
Twelfth the establishment of real estate intermediary service institutions shall meet the following conditions:
(1) Having its own name and organization;
(2) Having a fixed service place;
(3) Having a certain amount of property and funds;
(four) engaged in real estate consulting business, with real estate and related professional secondary school education or above, primary school education or above, primary professional and technical titles must account for more than 50% of the total number; Engaged in real estate appraisal business, there must be a specified number of real estate appraisers; Engaged in real estate brokerage business, there must be a specified number of real estate brokers.
The capital and personnel conditions for the establishment of 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.