The Ministry of Trade (“Minister”) has issued Regulation No. 51/M-DAG/PER/7/2017 on Property Brokerage Companies (“Regulation 51/2017”), with the objective of creating a fair business climate, improving the professionalism of property brokerage companies (“Property Brokerage Companies”) and supporting business activities in the area of property. [1] In essence, Regulation 51/2017 sets out a number of provisions which pertain to Property Brokerage Companies, including:
New Provisions for Property Brokerage Companies
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