Is it illegal for real estate agents to eat the difference?

Illegal, but absolutely illegal. The reason for this is the following:

1. The Measures for the Administration of Real Estate Agents have been reviewed and adopted at the 65th executive meeting of the Ministry of Housing and Urban-Rural Development on October 27th, 20 10, and approved by the National Development and Reform Commission and Ministry of Human Resources and Social Security. It is hereby promulgated and shall come into force as of April 27, 20 1 1.

Twenty-fifth real estate brokerage institutions and real estate brokers shall not have the following acts:

(a) fabricating and spreading information about price increases, or colluding with real estate development and business units to speculate on the number of houses and manipulate market prices;

(two) to conceal the real information of the house transaction from the parties to the transaction, and sell (rent) the house at a low price to earn the difference;

(3) soliciting business by concealment, fraud, coercion, bribery and other improper means, tricking consumers into trading or forcing them to trade;

(4) divulging or improperly using the personal information or business secrets of customers to seek illegitimate interests;

(five) in order to facilitate the parties to the transaction to avoid illegal purposes such as housing transaction taxes and fees, sign contracts with different transaction prices for the same house;

(six) to change the internal structure of the house and rent it out separately;

(seven) embezzlement and misappropriation of real estate transaction funds;

(eight) to buy and lease their own brokerage services;

(nine) to provide brokerage services for affordable housing and houses that do not meet the trading conditions;

(ten) other acts prohibited by laws and regulations.

The intermediary violates the second paragraph of Article 25 of the Measures for the Administration of Real Estate Brokers. You can go to the local housing construction Committee or the real estate intermediary industry association to complain and report.