Problems and Improvement Measures of the Real Estate Transactions Reporting System from the Perspective of Rokerage Practitioners

The real estate transaction reporting system is designed to prevent real estate speculation and tax evasion due to double contracts, false or untruth reports, etc., and to ensure transparency in real estate transactions The Act on Reporting Real Estate Transactions was fully revised and went into effect on January 1, 2006. Due to the regulations of the real estate transaction reporting system, real estate speculation and tax evasion due to double contract writing and false/false reporting can be seen to have decreased to some extent, but cases of false reporting that differs from the actual transaction price have not disappeared. According to the Act on Real Estate Transaction Reporting, etc., if a real estate transaction is not reported or a false report is made, a fine is imposed. However, I know from experience in brokerage practice that the problem of real estate transaction reporting cannot be solved with the punishment standards alone. This study sought to find ways to improve the effectiveness of the real estate transaction reporting system by examining the problems of the real estate transaction reporting system from the perspective of brokerage practitioners and suggesting any shortcomings or areas for improvement in the system. Specifically, in this study, in relation to the problems and improvement measures of the actual real estate transaction reporting system, report manipulation due to false or false reports, proposals for unification of the reporting system and the establishment of a real estate exchange, controversy over those required to report, and cases of reporting of lease and monthly rent transactions. Major issues included clarification of reporting obligations and contract conclusion date standards. In addition, we hope that the real estate transaction reporting system will not be perceived as a regulation on real estate transactions, but will be reborn as a system that protects people’s property rights, ensures order and transparency in transactions in the real estate market, and provides various benefits related to real estate to the people.