Steve and Sherry

Colorado Springs Real Estate

Russian Real Estate Market

Due to lower sales volumes, many real estate agencies refused to make contributions to the trade unions, moreover, increasingly began to sound the need for participation in regional associations. Top managers of some companies do not see tangible benefits from such membership. Representatives of the Russian Guild of Realtors seem to understand that in order to maintain the association of old members and attract new ones, the traditional package of services is no longer enough. Companies want not only to improve status but also economic benefits. Another important feature of the Russian real estate market – a strong distortion of intelligence and numerous legal conflicts that arise due to frequent changes in legislation.

On the testimony of many members of Congress, some of the deals done today at prices that do not meet those specified in the contracts. In addition, from 15 to 25% of transactions accounted for the so-called black brokers and unscrupulous agents, often working two or even three companies simultaneously. All this paves the way for kriminala.Chtoby "whitewash" the market, offering professionals exempt from income taxes those owners, they sold the property, which is owned by more than a year, or replace it with a tax on capital gains (the difference between buying and selling). Today, these pilot projects are processed in four Russian regions. Previous reduction of the barrier (from 5 to 3 years) has brought out a significant part of the shadow of transactions. Based on the report of the congress, published in "Rossiyskaya Gazeta", Realtors do not share the joy at the renewal of free privatization. According to them, it prevents the creation of market rent public housing: getting an apartment, the man immediately draws her into the property. In addition, the housing is provided without regard to the status of the employer, whereas in the West, they can use only those officially recognized as poor, the rest rented at market rates.

According to forum participants, the Russian real estate market requires "legal interpretation". For example, the profession, "Realtor" appeared in the qualifying reference only six months ago and somehow in the "dangerous production, nuclear power." The main disadvantage of certification, which came to replace the licensing – voluntary (out of 1,300 members Russian Guild of Realtors is certified only 611). The law of self-regulatory organizations also do not fully meet the requirements of the industry: if each SRO will begin to create their own standards and criteria for admission into the profession, risks for clients to rise sharply. That is why federal law requires of brokering real estate, which will supply a unified bar. According to market players, all that is necessary in the first place consumer. For the vast majority of Russians apartment becomes the single most expensive acquisition ever made. To minimize the risks associated with the transaction will create a single registry of brokers, where, in addition to White will be blacklisted. In addition, the law would regulate the list of services, would establish qualifications and professional level of responsibility to clients and the firm.

 

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