Regulations
of Shenzhen Special Economic Zone on Administration of Real
estate Industry
|
Chapter
I General Provisions
|
Article
1 In order to strengthen the
administration on the real estate industry of Shenzhen Special
Economic
Zone (hereinafter referred to as the "Special
Zone" ), standardize the acts of development and agency
organization of real estate industry, and maintain the market
order of real estate, these regulations are
hereby formulated in
accordance with the basic principles of laws and administrative
rules and
in light of specific conditions of the Special Zone. |
Article
2 To engage in development and
agency of real estate in the Special Zone, any one shall abide
by
these regulations. |
Article
3 In these regulations,
development of real estate referred to those acts such as
establishing basic
facilities and houses on the lands whose
land-use right are legally acquired. |
In
these regulations, services of agency of real estate include
consultation, brokering, evaluation
and other agency services of
real estate. |
In
these regulations, consultation of real estate referred to
onerous acts that a consultant providing
information,
consultation, planning, researching feasibility for development
and transfer of real
estate. |
In
these regulations, brokering of real estate referred to onerous
acts that a broker offering services
for both parties of
transfer in real estate for the purpose of helping to bring
about the transaction. |
In
these regulations, evaluation of real estate referred to onerous
acts that a professional accepting
consignment to evaluate
institution evaluating the price of a real estate. |
Article
4 Any enterprise of real estate
development and agency of real estate service, whose lawful
rights
and interest shall be protected by law, shall operate
according to the law. |
Article
5 Any enterprise of real estate
development shall abide the principle of harmonization of
economic
benefit, social benefit and environmental benefit to
undertake the development business. |
An
agency of real estate service shall abide the principles of
voluntariness, equality, being honest
and trustworthy and mutual
and equitable benefit to undertake agency service. |
Article
6 The Real Estate Administrative Department of Shenzhen
Municipal People' s Government,
who is the authority in charge
of real estate industry (hereinafter referred to as the
"Administrative
Department" ), shall implement direction,
supervision and administration over the real estate industry
according to the law. |
The
Real Estate Association of Shenzhen Municipality (hereinafter
referred to as the "Real Estate
Association" ), who is the
self-disciplined organization of the real estate industry, shall
perform
its function according to these regulations. |
Chapter
II An Enterprise of Real Estate Development |
Article
7 In these regulations, an enterprise of real estate development
shall be referred to a
business entity who engages in the
development of real estate and operations as its mail business
or supplementary business. |
Article
8 To establish an enterprise of development of real estate shall
meet the following requirements: |
(1)
The registered capital of the enterprise shall be no less
than RMB 10,000,000; |
(2)
There are more than four full time technical personnel of
real estate and architecture project, and more than two
full
time accountants, who have the specialty licenses. |
(3)
Having the land-use right which acquired with market
price; |
(4)
Having its own name, institutional framework and fixed
place of business; and |
(5)
Other requirements as specified by the laws, regulations. |
In
the case of adding the business of development of real estate to
its original business scope,
the enterprise shall meet the
requirements specified by Item (1),(2),(3)and(5) of the
preceding
paragraph. |
The
Industrial and Commercial Administrative Department shall
approve those enterprises who meet
the requirements specified by
these regulations to handle registration procedure, while the
department
shall refuse to register those fails to meet these
requirements. |
Article
9 An enterprise of real estate development, shall go to the
Administrative Department for
record within 30 days upon
acquiring the business license, and concurrently apply for
License for
Enterprises of Real Estate Development, which shall
be authorized and issued by the Administrative Department
according to the provisions of the laws and regulations within
15 days |
Where
an enterprise of development of real estate carries out the
development and operation, it
shall present the License for
Enterprises of Real Estate Development. |
Article
10 The License for Enterprises of Real Estate Development shall
be subject to annual examination
and approval system by the
Administrative Department. |
Article
11 An enterprise of real estate development shall not sell or
sell in disguise form through
leasing, offering for
subordinating and lending the developing and operating right. |
Article
12 An enterprise of real estate development shall submit report
forms of developing and
operating real estate to the
Administrative Department on schedule. |
Article
13 Where an enterprise of real estate development sell real
estate, it shall apply for a
License for Preselling Real Estate
in the case of preselling, or apply for a License for Exporting
of Commercial Housing in the case of selling abroad. |
The
Administrative Department shall make a decision on approval or
disapproval of issuing a License
for Preselling Real Estate or a
License for Exporting of Commercial Housing within 30 days upon
receiving such an application. In the case of approval, the
license shall be issued concurrently. |
Article
14 Where an enterprise of real estate development or an unit
entrusted by it publish advertisement
on selling real estate, it
shall submit the duplications of the following materials and
concurrently
present the original documents to an unit which
undertakes business of advertising and publishing: |
(1)
the business license; |
(2)
the License for Enterprises of Real Estate Development;
and |
(3)
the License for Preselling Real Estate in the case of
preselling, or the Certification of Real Estate in the case
of
actual selling, or the License for Exporting of Commercial
Housing in the case of selling abroad. |
Where
an enterprise fails to provide the material specified in the
preceding paragraph, an unit
which undertakes business of
advertising and publishing shall not make or release the real
estate
advertisement for it. |
Article
15 The contents of the advertisement of selling of real estate
of an enterprise of real
estate development shall include: |
(1)
the location of the building, the time of completion and
the selling price; |
(2)
the numbers of the License for Enterprises of Real Estate
Development and the License for Preselling Real Estate
in the
case of preselling; also the number of the License for Exporting
of Commercial Housing in
the case of selling abroad; and |
(3)
the numbers of the License for Enterprises of Real Estate
Development and the Certification of Real Estate; also
the
number of the License for Exporting of Commercial Housing in the
case of selling abroad. |
A
unit which undertakes business of advertising and publishing
shall not publish an advertisement
which does not meet the
requirements specified in the preceding paragraph. |
Article
16 An enterprise of real estate development shall not trade in
the real estate which prohibited
by the laws, regulations and
rules to transfer. |
Article
17 Where an enterprise of real estate development offers a land
to cooperate with others
to build a house, it shall use the
land-use right acquired by market-oriented price as the basis of
cooperation; where such enterprise cooperates with others to
build a house as a subscriber, it shall provide
credit
certificate, while its own capital shall be no less than 25% of
gross budgetary investment
of the cooperative project. |
Where
the land-use right, which obtained through being abated of or
exempted of payable price of
the land, or through administrative
allocation, is used as the basis of cooperation to build a
house, the enterprise shall meet the requirements specified in
the preceding paragraph and report it to the Administrative
Department for approval. |
Article
18 Without authorization ,an enterprise of real estate
development shall be prohibited to
change the name of the
transferee of an effective contract of sale of real estate. |
Article
19 An enterprise of real estate development shall build civicism
and commonweal fitting
establishment and project according to an
contract of assignment of land-use
right and deliver them on schedule. |
Chapter
III Brokers and Assessors of Real Estate |
Article
20 In these regulations, a broker of real estate is referred to
a professional who, after
having obtained a certification for
broker of real estate and taken out a practicing license,
engages
in real estate management. Where assessors of real
estate referred to in these regulations shall include valuers
and assessors. A assessor as referred to in these regulations is
a professional who, after having
obtained a certification for
broker of real estate and taken out a practicing license,
engages
in assessing real estate. |
Article
21 Anyone who meets the following requirements may apply to the
municipal real estate association
for training and take a
uniform examination: |
(1)
having full civil capacity; |
(2)
having an educational degree of above junior college; |
(3)
having more than 3 years occupational experiences in real
estate industry; and |
(4)
having the permanent residence or blue-stamp residence of
Shenzhen Municipality. |
The
Administrative Department shall issue the certification for
broker of real estate of Shenzhen
Municipality or certification
for assessor of real estate of Shenzhen Municipality for those
who
having passed the exam. |
Article
22 Anyone who has acquired a certification for valuer of real
estate issued by relevant
state authority or having
certification for broker and assessor of real estate of the
municipality,
in case he desires to practice in the Special
Zone, he shall apply to the Administrative Department for
registration and take out the practicing license for broker of
real estate of Shenzhen Municipality or
practicing license for
assessor of real estate of Shenzhen Municipality. |
Article
23 An applicant of registration shall submit the following
materials to the Administrative
Department: |
(1)
an application; |
(2)
the duplications of the certification for valuer, broker
or assessor of real estate with the original documents
presenting concurrently; and |
(3)
document of appointment, employment contract or
employment remove certificate of the agency of real estate in
which the applicant practiced. |
Article
24 The Administrative Department shall make the decision on
approval or disapproval of the
application and inform the
applicant in writing within 30 days upon receiving the
application.
The Administrative Department shall issue the
practicing license for broker of real estate of Shenzhen
Municipality or practicing license for assessor of real estate
of Shenzhen Municipality to the applicant
being approved; the
applicant, who being disapproved, may apply for administrative
review within
15 days upon receiving the decision in case he
objects to such decision. |
Article
25 Where an applicant falls into one of the following
circumstances, the Administrative
Department shall disapprove
such registration or revoke such registration registered: |
(1)
being without civil capacity or with qualified civil
capacity; |
(2)
being an in-service government employee of state
authority; |
(3)
providing false assessment report or committing the
illegal acts such as taking a bribe during his practicing; |
(4)
providing false application materials; and |
(5)
violating provisions of these regulations being punished
by revoking the practicing license for broker or assessor
of
real estate of Shenzhen Municipality. |
Where
the party being revoked of registration has some objections, he
may apply for administrative
review according to the law within
15 days upon receiving the notice on revoking of registration. |
Article
26 Anyone, who has acquired a practicing license for broker or
assessor of real estate,
can only practice in one real estate
agency in contemporaneity. |
Article
27 The Administrative Department shall carry out the annual
examination system in the examination
of practicing license of
broker or assessor of real estate of Shenzhen Municipality. Only
the one
who has passed the annual examination can continue his
practice. |
Chapter
IV The Real Estate Service Agency |
Article
28 The forms of organization of real estate agencies shall
include individual, partnership
and legal person. |
Where
an individual establishes a real estate agency, he shall bear
unlimited joint and several
liabilities for debts of the agency.
While the partners of a partnership real estate agency shall
bear unlimited joint and several liabilities for debts of the
agency.
|
A
real estate agency with juristic personality shall bear
liabilities for debts of the agency with
all of its assets.
|
Article
29 An individual shall meet the following requirements to
establish an individual real estate
agency: |
(1)
The registered capital shall be no less than RMB 300,000; |
(2)
There
are more than three full-time practicing personnel (including
the initiator) who have practicing
licenses for brokers of real
estate; |
(3)
There is a fixed place for providing services; and |
(4)
Other requirements as specified by the laws and
regulations. |
Article
30 Anyone shall
meet the following requirements to establish an institution of
real estate consultation
in partnership or with legal person
qualification or to add real estate consultation business into
its business scope: |
(1)
The registered capital shall be no less than RMB
1,000,000; |
(2)
There
are no less than two personnel (including the initiator) who
have the practicing licenses
for brokers of real estate, no less
than two personnel who have the practicing licenses for assessor
of real estate and no less than four personnel of other
specialty such as economics, engineering, law and
financing; |
(3)
Having
its own name and a fixed place for practicing; and |
(4)
Other
requirements as specified by laws and regulations. |
Article
31 Anyone shall meet the following requirements to establish a
agency or assessment institution
of real estate in partnership
or with the legal person qualification or to add the broker or
assessment
business into its business scope: |
(1)
The registered capital shall be no less than RMB
1,000,000; |
(2)
There are more than three personnel (including the
initiator) who have the practicing license for broker of real
estate in the case of establishing an agency of real estate; or
more than three personnel who have
the practicing license for
assessor of real estate in the case of establishing an
assessment institution
of real estate; |
(3)
Having
its own name and a fixed place for practicing; and |
(4)
Other requirements as specified by the laws and
regulations. |
Article
32 The Administrative Department may, according to the amount of
professionals, registered
capital and time of registration, rate
the assessments institution of real estate and award the Graded
Qualification Certificate for Assessments Institution of Real
Estate annually. |
Article
33 Anyone shall apply to the industrial and commercial authority
and submit relevant testifying
materials specified by these
regulations for the establishment of an agency of real estate or
adding
the broker business to its business scope. |
Article
34 Once application of for establishing intermediary service
institution of real estate
or enlarging business scope of
intermediary service of real estate to the Department of
Industrial
and Commercial Management is examined to be in line
with this rule, it will be registered and issued business
license. Otherwise, it will not be registered. |
Article
35 Following materials should be submitted to the administrative
department in charge within
30 days by the real estate
intermediary service institution from the date when they take
out the
license. |
1.
Registration of Record for Real Estate Intermediary
Service Institution |
2.
Copy of Business License |
3.
Real estate broker' s Certificate to practice, copy of
assessors' certificate to practice and certificated materials
of other professional staff. |
Article
36 The business of real estate intermediary service institution
will be stopped by the Department
of Industrial and commercial
Management and be required to reach the required establishing
conditions
within 90 days for the changes of the employed or
other changes not reaching the required conditions after its
establishment. |
Article
37 When the real estate advisory institution carries out its
business and both parties think
it necessary to sign an written
contract, the written contract should be signed.
Following contents should be contained in the advisory contract: |
1.
Full names or designation of both parties and full names of
legal representatives |
2.
Advisory matters, time limit and requirements, |
3.
Amount for advice, method of payment and date, |
4.
Responsibility for breach of contract |
5.
Other matters that parties think necessary to be recorded |
Article
38 The standard for real estate consultation reward shall be
decided by the two parties. |
Article
39 Real estate brokering institution can offer procuratorial
services except offering brokering
service to conveyance of real
estate, leasing parties. |
The
brokering and procuratorial services of conveyance and lease of
real estate, and so on that
offered to the consignors for the
purpose of profits could only be done by the real estate
brokering
institutions. |
Article
40 Written contracts should be signed by the real estate
brokering institutions which offer
the brokering and
procuratorial services. |
Following
contents should be contained in the brokering or procuratorial
contracts: |
1.
Full names or designations of both parties and full names
of the legal representatives |
2.
Brokering and procuratorial matters, time limit and
requirements |
3.
Amount of brokerage commission or procuracy, method of
payment and date |
4.
Responsibility for breach of contract |
5.
Other matters that parties think necessary to be recorded |
Article
41 Any real estate brokerage institution will not collect or
will reduce the recompense
if the real estate brokering and
procuratorial contract can not be performed or can not be
performed
fully except it is caused by the consignor. |
Real
estate brokerage institution should pay for the consignor' s
economic losses which are caused
by the institution. |
Article
42 Any real estate brokerage institution which offers the
brokering and procuratorial services
has right to acquire
relative materials for consignor and the consignor should
provide overall
true relative materials to the institution. The
institution has right to reject to serve the consignor if he
provides fault inconsistent materials or hold the truth back. |
Article
43 Any real estate which offers brokerage service has right to
go halves with dealers in
commission except it is stipulated. |
Article
44 Any real estate brokerage institution which offers services
should provide overall true
materials and messages concerning
the establishment of the contract to dealers and shall not
provide
the fault inconsistent materials or hold back the truth
of deals. |
Article
45 Any real estate brokerage institution shall not go into
trading or leasing relationship
with either negotiators on real
estate concerning the same brokering business. |
Article
46 Any real estate brokerage institution shall not be broker and
procurator synchronously
on the same business. |
Article
47 Any real estate brokerage institution shall not carry out the
prohibited real estate
business that is stipulated in laws,
regulations and rules. |
Article
48 Any real estate business contract managed through brokerage
shall have stamps of the
brokerage institution and signatures of
holders of Certificate to Practice of Shenzhen Real Estate
Broker. |
Article
49 Any real estate sale advertisement released by the real
estate brokerage institution
shall be in line with Article14 and
Article 15 and have the name and address of the institution. The
institution which release leasing advertisements shall have the
Leasing License of real estate and have the
license number shown
in the advertisements. |
Any
advertisement with no indication of the name and address of the
real estate brokerage institution
shall be released by the
advertising operator or the releasing unit.
Article 50 Assessment of following real estates can be perform
according to this regulation: |
1.
Trades and exchanges of property right; |
2.
inheritance, division, coalition, donation and other
forms of transferring property; |
3.
performing lease, affiliated operation, operation by
buying a share or performing alternations of stock system; |
4.
mortgage, entering insurance; |
5.
Performing annexation and liquidation; |
6.
Making up compensation or amends to parties suffering
from relocation due to pull-down of original homes |
7.
Other real estates needing assessment. |
Article
51 Any real estate assessing institution offering assessing
service should execute a contract
of proxy assessment. |
Following
contents should be contained in the contract of proxy
assessment: |
1.
Full names or designations, addresses of parties and
names of the legal representatives |
2.
Names of the assessing subject matter, address,
proportion, location, structure, quality, function, fitment,
environment, use condition; |
3.
Matters of assessment, time limit and requirement; |
4.
Amount of assessment earnings, method of payment and
date; |
5.
Responsibility for breach of contract; |
6.
Other matters that parties think necessary to be
recorded. |
Article
52 Any real estate assessing institution which offers assessing
service has right to acquire
relative materials from consignor
and consignor should provide overall true relative materials to
the institution. |
Article
53 Any real estate assessing institution has right to acquire
assessing earnings. |
The
standard of assessing earnings shall be made by joint
cooperation of department in charge and
organization for prices. |
The
assessing earnings shall not be over or under the prescriptive
standard. |
Article
54 Any real estate assessing organization must provide real
estate assessing report to the
consignor after the assessment
has been done according to the stipulations in the contract. |
Following
contents should be contained in the real estate assessing
report: |
1.
Name of the real estate, address, proportion, location,
structure, quality, function, fitment, environment, use
condition; |
2.
Warranty and method of assessment; |
3.
Result of assessment; |
4.
Other matters needing explanation. |
Relative
drawings, photos, background materials, primordial materials and
data of field reconnaissance
used as Warranty in the process of
assessment should also be contained in the real estate assessing
report. |
Article
55 Stamp of assessing organization and signatures of certified
assessing stuff and the legal
representative or person in charge
shall be presented in the real estate assessing report. |
Article
56 Any real estate assessing organization is responsible to the
reality, correctness and
validity of its real estate assessing
report. |
Article
57 The assessing report used as warranties of collecting
relative real estate tax and confirming
amount of compensation
for losses or amends made up to the real estate by the
government, shall
be examined by the municipal real property
institution and permitted by the department in charge or
department of taxes. |
Article
58 Any real estate intermediary service organization and its
stuff shall well kept the materials
and articles provided by the
consignor and present a copy of the list. |
Any real estate intermediary service organization and its
stuff shall guard secrets for consignor according to the
law. |
Chapter
V The Association of Real Estate |
Article
59 Association of municipal real estates is self-disciplined
corporation of the real estate industry registered according
to
the law. Its main responsibilities are as follow: |
1.
Establishing standards of actions and ethics for the
industry; |
2.
Organizing training and tests for the real estate
industry stuff; |
3.
Accepting and hearing the complaints of the members,
organizing investments and providing management advices to the
relative departments; |
4.
Reporting the opinions and requests of the industry to
the department in charge, vindicate the legal rights and
interests of the industry; |
5.
Interceding the inner disputes of the industry; |
6.
Organizing communications of business; |
7.
Transacting other matters consigned by the department in
charge. |
Article
60 Enterprise of real estate development and the real estate
intermediary service organization
established according to the
law shall apply to join the association of municipal real estate
and
become a member of it. |
Article
61 Member of the association and the individual member shall
abide by the constitutions
of the association and pay for the
tax according to the stipulations. |
Article
62 General assembly of the association of the municipal real
estate is the organization
of supreme power, and the council is
the enforcement body of the general assembly. The authorities of
the general assembly and council are stipulated in the
constitutions. |
Article
63 The council is made up of directors consigned by the
department in charge and the directors
elected by the
association. The directors consigned by the department shall not
surpass one third
of the total directors. The total number of
directors is stipulated in the constitutions. |
Chapter
VI Legal Liabilities |
Article
64 The department in charge will order to rectify and
sequestrate the illegal earnings if
the organization presumes
five to develop and manage real estates without the License for
Enterprises
of Real Estate Development. |
The
institution whose Certificate of Real Estate Development is
revoked by the department in charge
continues to develop and
manage real estate will suffer not only a punishment made
according to
the previous stipulation but also a penalty of over
fifty thousand RMB and a hundred thousand RMB. |
Article
65 The License for Enterprises of Real Estate Development will
be revoked by the department
in charge if the enterprise of real
estate development has not been engaging in business for two
consecutive years. |
Article
66 The enterprise will be suffer a order to rectify and a
penalty of over ten thousand RMB
and below twenty thousand RMB
if it disobeys Article 10 of this ordinance and does not attend
the
yearly examination. The enterprise will suffer a punishment
of degrading one level from the department in charge
if it does
not attend the yearly examination in the period of order to
rectify. The License for
Enterprises of Real Estate Development
will be revoked by the department in charge if the enterprise
has not attended the yearly examination for two consecutive
years. |
Article
67 The enterprise of real estate development will suffer a
penalty of twenty thousand RMB
below a hundred thousand RMB and
its illegal earnings of will be sequestrated by the department
if it disobeys Article 11, Article 16, Article 17 and Article 18
of this ordinance. Its License for Enterprises
of Real Estate of
Development will be revoked by the department in charge if its
scenario is serious.
|
Article
68 The enterprise will suffer a order to stop releasing
advertisements, a punishment of
sequestrating its illegal
earnings and a penalty of over one time and twice below of its
illegal
earnings if it disobeys the stipulations of Item 2 of
Article 14 and Item 2 of Article 15. |
Article
69 The enterprise will suffer a order to stop pre-sell,
present-sell and to amend with a
time limit, and a penalty of
over twenty thousand and below fifty thousand RMB if it disobeys
the
stipulation of Item 1 of Article 15. The License for
Enterprises of Real Estate of Development will be revoked if
its
scenario is serious. |
Article
70 The enterprise will suffer a order to make available for use
with a time limit and a
penalty of over five percents and below
ten percents of the total amount of the city planning
accessorial
facilities and the total amount of the investment of
the commonweal accessorial programs. The License for Enterprises
of Real Estate of Development will be revoked by the department
in charge if it does not make available
use in the charged
period. |
Article
71 The enterprise will suffer a order to stop its business, a
sequestration of its illegal
earnings and a penalty of over ten
thousand RMB and below fifty thousand RMB, if it has not attain
the relative real estate intermediary service operating right
but has presumed to engage in the business of
real estate in
consultation, brokering, assessment and substitution and holds
no relative certificate
to practice and engage in the
intermediary service activities under the title of real estate
broker
and assessing stuff. |
Article
72 The certificate to practice will be revoked by the department
in charge if the enterprise
which has disobeyed the stipulations
of Article 26 and Article 27 and has been ordered to amended
rejects to amend. |
Article
73 The Business Certificate will detained for a short duration
by the industrial and commercial
department if the real estate
intermediary service organization has disobeyed the stipulation
of
Article 36 of this ordinance can not reach the required
establishing conditions in the prescriptive time limit.
When it
is examined to have reached the required conditions, the
certificate will be given back. |
Article
74 The enterprise' s illegal earnings will be sequestrated by
the department in charge if
it disobeys the stipulations of Item
3 of Article 43 and Item 3 of Article 53. It will receive a
penalty of over one time and below twice of its illegal earnings
from the department in charge if its scenario
is serious. |
Article
75 The brokerage organization shall pay for the economic losses
of the parties caused by
its disobeying of the stipulation of
Article 44. The certificate to practice of the stuff who are
responsible to the serious scenario will be revoked by the
department in charge. |
Article
76 The enterprise will receive a sequestration of its illegal
earnings by the department
in charge and a penalty of over
twenty thousand RMB and below fifty thousand RMB. The
certificates
to practice of the direct responsible stuff to the
serious scenario will be revoked by the department in charge. |
Article
77 The illegal earnings of the brokerage organization will be
sequestrated by the department
in charge and the organization
shall compensate consignor' s economic loss caused by its
disobeying
stipulation of Article 46 of this ordinance. The
certificates to practice of the direct responsible stuff to the
serious scenario will be revoked by the department in charge. |
Article
78 The organization will receive a sequestration of its illegal
earnings and a penalty of
over one time and below twice of its
illegal earnings if it disobeys the stipulation of Article 47 of
this ordinance. The business license will be temporarily
detained by the industrial and commercial department
and a order
to rectify will be released if its scenario is serious. When it
is examined to have
reached the amended requirements, the
license will be given back. The certificates to practice of the
direct responsible stuff will be revoked by the department in
charge. |
Article
79 The organization will receive a order to stop advertising
from the industrial and commercial
department, a sequestration
of its illegal earnings and a penalty of over one time and below
twice
of its illegal earnings if it disobeys the stipulation of
Article 49 of this ordinance. |
Article
80 The assessing organization shall be responsible to the
relative consignor' s economic
loss caused by its disobeying
stipulation of Article 56 of this ordinance. The organization
will
receive a penalty of over fifty thousand RMB and below a
hundred thousand RMB from the department in charge. The
certificates to practice of the direct responsible stuff to the
serious scenario will be revoked
by the department in charge. |
Article
81 The intermediary service organization shall be responsible to
the consignor' s economic
loss caused by its disobeying
stipulation of Article 58 of this ordinance. The certificates to
practice of the direct responsible stuff to the serious scenario
will be revoked by the department in charge. |
Article
82 The parties who are disaffected to the administrative
punishment can apply to the agency
of administrative review of
Shenzhen government for reconsideration or bring litigation to
the
people' s court within fifteen days dating from the date of
receiving the decision of punishment. |
Article
83 In case the department in charge and its employees are remiss
their duties, abuse their
duties, or make irregularities for
favoritism, they shall be given administrative sanction by the
department in charge or its superior department. If it
constitutes a crime, they shall be prosecuted for criminal
liabilities. |
Chapter
VII Supplementary Provisions |
Article
84 Specific implementing rules are to be formulated by Shenzhen
Municipal People' s Government
in accordance with these
regulations. |
Article
85 Any enterprise of real estate development which established
before the implementation
of these regulations, shall apply to
the Industrial and Commercial Authority for re-registration
within 1 year from the date of the implementation of these
regulations. |
Any
agency of real estate service which established before the
implementation of these regulations,
shall apply to the
Industrial and Commercial Authority for re-registration within 6
months from
the date of the implementation of these regulations. |
Article
86 These regulations shall take effect as of March 1, 1996. |