Realtors in Uzbekistan will have to pass an exam and receive a certificate.
New requirements for real estate agents are being introduced in Uzbekistan. Now, to practice their profession, professionals will be required to complete a training course, pass an exam, and obtain a certificate. The new rules are stipulated by a law passed on August 7. The law will take effect in three months. Real estate agencies will be able to operate only after being included in the Unified Register. Thus, real estate market activity will be carried out […]
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Uzbekistan Introduces Mandatory Certification for Realtors
New regulations governing real estate activities are coming into force in Uzbekistan, requiring specialists to undergo training, pass an exam, and obtain a certificate.
These changes are enshrined in a law adopted on August 7 and coming into force in three months.
According to the new regulations, real estate companies will be able to operate only after being included in the Unified Register. This will ensure that they conduct their activities in the real estate market in accordance with established procedures and professional training standards.
The law also clearly defines the list of real estate services, including:
* Mediation in real estate transactions and related rights;
* Organizing auctions of real estate properties and rights thereto;
* Trust management of real estate;
* Provision of information, consulting, and advertising services in the real estate market.
The introduction of these requirements is intended to systematize the work of the real estate sector and raise the level of professionalism of its participants.