Brokers face fines of up to 68,000 hryvnia and criminal liability: the council wants to severely punish work without a contract, a draft law on criminal liability assumes work without the official status of a real estate agent or a written contract with the client. For illegal mediation during the sale, purchase or rental of housing, it is proposed to be fined between 17-34 thousand hryvnias and banned from work for a year. A fine of up to 68 thousand hryvnias and a 3-year ban on the profession will be threatened for violations committed by a group of people in collusion or selfish motives. Brokers, brokers, brokers, independent consultants and real estate agencies will fall under the new rules. The goal is to bring the market out of the shadows and stop hiding income. Imprisonment is not expected. The draft law is still under consideration by the Verkhovna Rada. If approved, the new rules will enter into force 12 months after their official publication. Realtors should prepare Ukraine Online.

Brokers face fines of up to 68,000 hryvnia and criminal liability: the council wants to severely punish work without a contract, a draft law on criminal liability assumes work without the official status of a real estate agent or a written contract with the client. For illegal mediation during the sale, purchase or rental of housing, it is proposed to be fined between 17-34 thousand hryvnias and banned from work for a year. A fine of up to 68 thousand hryvnias and a 3-year ban on the profession will be threatened for violations committed by a group of people in collusion or selfish motives. Brokers, brokers, brokers, independent consultants and real estate agencies will fall under the new rules. The goal is to bring the market out of the shadows and stop hiding income. Imprisonment is not expected. The draft law is still under consideration by the Verkhovna Rada. If approved, the new rules will enter into force 12 months after their official publication. Realtors should prepare Ukraine Online.