(YicaiGlobal) Dec. 5 — Beijing has also started to crack down on rumormongering and other illegal activities among real estate agencies following Shanghai and Shenzhen.
Beijing Municipal Commission of Development and Reform and Beijing Municipal Commission of Housing and Urban-Rural Development recently launched special ‘double random’ inspections targeting real estate agencies. Investigations were made of 30 realtors randomly selected from over 2,000, with a focus on price transparency and the authenticity of property listings.
Raids will be made in the next 20 days, and all offenses found will be punished in accordance with the laws and regulations, with zero tolerance. Beijing has been conducting special inspections at the municipal and district levels since October.
The municipal enforcement team has carried out inspections at least once a week. They have been focused on market disruptions caused by rumormongering, illegal financial businesses and non-transparent pricing practices.
No comments:
Post a Comment