Article 1(Purpose) #
The purpose of this Decree is to prescribe matters mandated by the Act on the Promotion of Real Estate Services Industry and matters necessary for the enforcement thereof.
Article 2(Formulation of master plans for promotion of real estate services industry) #
(1) "Before modifying the matters prescribed by Presidential Decree" in Article 5(4) of the Act on the Promotion of Real Estate Services Industry (hereinafter referred to as the "Act") means any of the following cases:
1. Where the basic direction for policies under Article 5(2)1 of the Act is changed;
2. Any of the following cases, where matters prescribed by a master plan for the promotion of the real estate services industry under Article 5(1) of the Act (hereinafter referred to as "master plan") and an annual action plan for promoting the real estate services industry under paragraph (3) of that Article (hereinafter referred to as "action plan") are modified in relation to the matters under Article 5(2)2 through 9 of the Act:
a. Where the project period is to be increased or decreased by at least 3 years;
b. Where the total project cost is increased or decreased by at least 20/100.
(2) Where the Minister of Land, Infrastructure and Transport formulates or modifies a master plan or an action plan in accordance with Article 5 of the Act, he or she shall notify the heads of relevant central administrative agencies and the heads of local governments thereof and publicly announce it on the website, etc. of the Ministry of Land, Infrastructure and Transport.
Article 3(Composition and operation of real estate services industry policy committee) #
(1) "Public officials having a rank equivalent to a Vice Minister of the relevant central administrative agencies prescribed by Presidential Decree" in Article 6(3)1 of the Act means the following persons: <Amended on Aug. 6, 2021; Dec. 30, 2025>
1. The First Vice Minister of Economy and Finance;
3. The Second Vice Minister of Science and ICT;
3. The Vice Minister of Education;
4. The Vice Minister of the Interior and Safety;
5. The Vice Minister of Trade, Industry and Resources;
6. The Vice Minister of Employment and Labor;
7. The First Vice Minister of SMEs and Startups;
8. The Vice Chairperson of the Financial Services Commission.
(2) "Persons ...<omitted>... who meet the qualifications prescribed by Presidential Decree" in Article 6(3)2 of the Act means any of the following:
1. A person who serves, or has served for at least 5 years as an associate professor or higher in the field related to the real estate services industry or in a position equivalent thereto at a school under Article 2 of the Higher Education Act or at an officially recognized research institute;
2. A person who engages or has engaged in affairs related to the real estate services industry for at least 10 years;
3. A person who has served as an executive officer or higher in an institution, organization, or a non-profit corporation (referring to a non-profit corporation under Article 32 of the Civil Act; hereinafter the same shall apply) related to the real estate services industry and has engaged in a business related to the real estate services industry for at least 5 years;
4. Other persons recognized by the Minister of Land, Infrastructure and Transport as having expertise and experience equivalent to those under subparagraphs 1 through 3.
(3) The term of office of members falling under Article 6(3)2 of the Act (hereinafter referred to as "commissioned member") shall be 2 years; and the term of office of a member newly commissioned due to the resignation, etc. of a commissioned member shall be the remaining term of office of his or her predecessor.
(4) The Minister of Land, Infrastructure and Transport may dismiss a commissioned member from his or her office where such member falls under any of the following cases:
Article 4(Establishment and operation of consultative body on real estate convergence and integration) #
(1) A consultative body on real estate convergence and integration under Article 9(2) of the Act (hereinafter referred to as "consultative body") shall be comprised of not more than 30 members, and members shall be appointed or commissioned by the Minister of Land, Infrastructure and Transport, from among the following persons in consideration of their areas of expertise and gender:
1. Public officials belonging to administrative agencies related to the real estate services industry, information technology industry, financial industry, logistics industry, spatial data industry, and other related industries (hereinafter referred to as "related industries");
2. Persons recommended by institutions or organizations related to the real estate services industry and related industries;
3. Other persons who have abundant professional knowledge and experiences in the real estate services industry and related industries.
(2) The consultative body shall perform the following functions:
1. Collection of opinions on formulation and implementation of policies on industries converged and integrated among the real estate services industry and related industries (hereinafter referred to as the "convergence and integration of the real estate services industry") and recommendation of improvement measures;
2. Deliberation and consultation on formulation and implementation of policies related to the convergence and integration of the real estate services industry;
3. Other matters that the Minister of Land, Infrastructure and Transport deems necessary for vitalizing the convergence and integration of the real estate services industry.
(3) Article 3(4) shall apply mutatis mutandis to the dismissal of a member of the consultative body.
(4) The chairperson of the consultative body shall be elected by and from among its members.
(5) Except as provided in paragraphs (1) through (4), detailed matters necessary for the composition and operation of the consultative body shall be determined by the Minister of Land, Infrastructure and Transport.
Article 5(Financial support) #
Where a real estate service provider implements a project related to the following matters, the Government may take necessary support measures, such as financial and administrative support under Article 10 of the Act. In such cases, the Government may give preferential treatment to an excellent real estate service provider certified in accordance with Article 15(1) of the Act (hereinafter referred to as "certified excellent service provider"):
1. Research and development of the real estate services industry;
2. Pilot projects for promoting the real estate services industry;
3. Training of specialized human resources related to the real estate services industry;
4. Provision of linkage among real estate services and real estate services or real estate-related services;
5. Promotion of the convergence and integration of the real estate services industry;
6. International cooperation and overseas expansion of the real estate services industry;
7. Real estate service business startup;
8. Disclosure of information related to real estate;
9. Protection of consumers related to real estate services;
10. Expansion of electronic real estate contracts by utilizing an information system, such as the real estate information system, under Article 25 of the Act on Report on Real Estate Transactions;
11. Public offering and listing of stocks by a real estate investment trust under subparagraph 1 of Article 2 of the Real Estate Investment Company Act;
12. Other matters determined by the Minister of Land, Infrastructure and Transport in consultation with the heads of the relevant central administrative agencies for the development of the real estate services industry.
Article 6(Fact-finding surveys) #
(1) Where the Minister of Land, Infrastructure and Transport conducts a fact-finding survey on the real estate services industry under Article 11(1) of the Act (hereinafter referred to as "fact-finding survey"), he or she shall conduct the fact-finding surveys by classifying them into regular surveys and occasional surveys, but regular surveys shall be conducted once a year, and occasional surveys shall be conducted whenever necessary for formulating a policy.
(2) Fact-finding surveys may be conducted by on-site inspections, literature surveys, etc.
(3) Subjects of fact-finding surveys shall be as follows:
1. Current status and prospects of the real estate services industry in the Republic of Korea and overseas;
2. Matters regarding business survey indexes on the real estate services industry;
3. Sales volume by sector of the real estate services industry;
4. Current status of workers and specialized human resources in the real estate services industry;
5. Other matters requiring surveys to formulate policies for promotion of the real estate services industry.
(4) "Civil organizations prescribed by Presidential Decree" in Article 11(2) of the Act means any of the following organizations:
1. Associations related to the real estate services industry established in accordance with the Act on Appraisal and Certified Appraisers, the Multi-Family Housing Management Act, the Licensed Real Estate Agents Act, the Special Act on Private Rental Housing, the Act on the Management and Promotion of Real Estate Development Business, the Real Estate Investment Company Act, and other statutes;
2. Non-profit corporations performing affairs related to the real estate services industry;
3. Other institutions and organizations recognized by the Minister of Land, Infrastructure and Transport as institutions and organizations related to the real estate services industry.
(5) Where the Minister of Land, Infrastructure and Transport conducts a fact-finding survey in accordance with Article 11(1) or (2) of the Act, he or she shall notify in advance the person subject to the fact-finding survey of a plan therefor, including the period, purpose, and details of the fact-finding survey.
Article 7(Training and management of specialized human resources) #
(1) "Matters prescribed by Presidential Decree" in Article 12(2)3 of the Act means the following:
1. Career management of specialized human resources;
2. Management and operation of national qualification systems related to real estate services and vitalization of private qualification systems;
3. Measures for cooperation with public institutions (referring to public institutions under Article 4 of the Act on the Management of Public Institutions; hereinafter the same shall apply), industrial circles, and academic circles for fostering specialized human resources related to real estate services.
(2) "Research institute, university, institution, or organization prescribed by Presidential Decree" in Article 12(3) of the Act means any of the following research institutes, universities, institutions, or organizations:
1. Institutions and organizations under the subparagraphs of Article 6(4);
2. Schools with a real estate services-related department or major among universities and colleges under Article 2 of the Higher Education Act;
3. Public institutions;
4. Government-funded science and technology research institutes established in accordance with Article 8 of the Act on the Establishment, Operation and Fostering of Government-Funded Science and Technology Research Institutes;
5. Government-funded research institutes established in accordance with Article 8 of the Act on the Establishment, Operation and Fostering of Government-Funded Research Institutes.
(3) Requirements for designation of an institution for training specialized human resources under Article 12(3) of the Act (hereinafter referred to as "institution for training specialized human resources") shall be as follows:
1. Its courses and details of education and training shall be appropriate;
2. It shall have properly secured professional teaching staff;
3. It shall be equipped with appropriate educational and training facilities and equipment;
4. It shall have an exclusive organization related to education and training;
5. Its plan for raising operating expenses related to education and training and a plan for utilizing subsidies shall be appropriate.
Article 8(Compilation of statistics on real estate services industry and establishment of statistical system) #
(1) The subjects of compilation of statistics under Article 13(1) of the Act shall be as follows:
1. Matters falling under the subparagraphs of Article 6(3);
2. Other matters that the Minister of Land, Infrastructure and Transport deems necessary for promoting the real estate services industry and strengthening its competitiveness.
(2) The Minister of Land, Infrastructure and Transport may perform the following affairs in connection with the establishment and operation of a system for statistical survey and analysis under Article 13(2) of the Act (hereinafter referred to as "statistical system"):
1. Research and development for the establishment and operation of the statistical system and technical support therefor;
2. Standardization and advancement of the statistical system;
3. Facilitation of the joint utilization of information using the statistical system;
4. Connection and cooperation with institutions or organizations holding information and materials related to the real estate services industry and implementation of joint projects therewith;
5. Other matters necessary for establishing and operating the statistical system.
Article 9(Research and development of real estate services industry) #
(1) Where the Minister of Land, Infrastructure and Transport conducts a research and development project to promote the real estate services industry in accordance with Article 14(1) of the Act, he or she shall conclude an agreement under that paragraph (hereinafter referred to as "agreement") with an institute that supervises and conducts the relevant research and development project (hereinafter referred to as "managing research institute"), among public institutions, universities, private organizations, and companies (hereinafter referred to as "public institutions, etc.").
(2) An agreement shall include the following:
1. A plan for implementing research and development;
2. Matters regarding joint performance of research and development;
3. Matters regarding methods of paying research and development expenses and use and management thereof;
4. Matters regarding reporting and evaluation of the outcomes of research and development;
5. Matters regarding attribution and utilization the outcomes of research and development;
6. Matters regarding collection and use of royalties;
7. Matters regarding modification and cancellation of the agreement;
8. Measures to be taken when the agreement is violated;
9. Other matters regarding research and development that the Minister of Land, Infrastructure and Transport deems necessary.
(3) Where deemed necessary, the head of a managing research institute may entrust part of the relevant research and development project to another public institution, etc. that has not participated in joint research under Article 14(2) of the Act.
Article 10(Pilot projects for promoting real estate services industry) #
(1) To implement a pilot project for promoting the real estate services industry under Article 14(3) of the Act (hereinafter referred to as "pilot project"), the Minister of Land, Infrastructure and Transport shall formulate a pilot project plan including the following matters:
1. Objectives, strategies, and promotion system of the pilot project;
2. Matters regarding the application of outcomes of research and development in the real estate services industry;
3. Matters regarding financing necessary to implement the pilot project;
4. Other matters necessary for the smooth implementation of the pilot project.
(2) The Minister of Land, Infrastructure and Transport may designate a project to be implemented as a pilot project (hereinafter referred to as "eligible pilot project"), directly or at the request of a public institution, etc., in consideration of the following standards:
1. The eligible pilot project shall be appropriate for achieving the objectives under paragraph (1)1;
2. The financing plan of the eligible pilot project shall be appropriate;
3. The smooth implementation of the pilot project shall be possible.
(3) The head of a public institution, etc. who intends to request the designation of an eligible pilot project under paragraph (2) shall submit the following documents to the Minister of Land, Infrastructure and Transport:
1. A plan for eligible pilot projects including the details under the subparagraphs of paragraph (2);
2. Documents regarding budget, human resources, etc. that public institutions, etc. can support for eligible pilot projects.
(4) Except as provided in paragraphs (1) through (3), matters necessary for implementing pilot projects shall be determined and publicly notified by the Minister of Land, Infrastructure and Transport.
Article 11(Certifying authority of exemplary real estate service providers and subjects eligible for certification) #
The Minister of Land, Infrastructure and Transport may certify a person who meets all of the following requirements as an exemplary real estate service provider in accordance with Article 15(1) of the Act:
1. It shall be a service provider registered as a business entity (hereinafter referred to as "registered business entity") in accordance with Article 111 of the Corporate Tax Act, Article 8 of the Value-Added Tax Act, or Article 168 of the Income Tax Act;
2. It shall provide real estate services under subparagraph 1 of Article 2 of the Act as core services and provide real estate services or real estate-related services in connection with other registered business entities;
3. It shall meet other requirements determined and publicly notified by the Minister of Land, Infrastructure and Transport.
Article 12(Inspection of certified exemplary service providers) #
(1) The inspections under Article 15(3) of the Act shall be conducted by classifying them into regular inspections and occasional inspections.
(2) Regular inspections under paragraph (1) shall be conducted every 2 years.
(3) Where the Minister of Land, Infrastructure and Transport deems that a certified exemplary service provider fails to meet the standards for certification under Article 15(5) of the Act, he or she may conduct occasional inspections under paragraph (1).
Article 13(Designation of certification inspection agency) #
(1) Where the Minister of Land, Infrastructure and Transport designates a certification inspection agency (hereinafter referred to as "inspection agency") in accordance with Article 17(2) of the Act, he or she shall publicly notify such fact in the Official Gazette.
(2) "Case prescribed by Presidential Decree" in subparagraph 5 of Article 18 of the Act means any of the following:
1. Where it refuses guidance and supervision under Article 17(5) of the Act without good cause;
2. Where it refuses a request to submit data under the former part of Article 17(6) of the Act without good cause;
3. Where a fine or heavier punishment becomes final and conclusive against an executive officer or employee of an inspection agency in connection with the affairs regarding the certification of exemplary service providers.
Article 14(Support for certified exemplary service providers) #
(1) The State, a local government, or a public institution may provide certified exemplary service providers with the following support in accordance with Article 20 of the Act:
1. International cooperation and overseas expansion under Article 21 of the Act;
2. Public relations in the Republic of Korea and overseas;
3. Provision of information and materials related to real estate.
(2) Where the State, a local government, or a public institution concludes a contract related to real estate services or conducts evaluations, certifications, etc. thereon, the Minister of Land, Infrastructure and Transport may request the State, a local government, or a public institution to give preferential treatment to a certified exemplary service provider.
Article 15(Support for business startup) #
"Matters prescribed by Presidential Decree" in subparagraph 4 of Article 22 of the Act means as follows:
1. Education on law, tax, accounting, etc. necessary for starting a real estate service business;
2. Provision of information related to business startup;
3. Support with space for business startup;
4. Arrangement of business startup support services provided by public institutions, etc.;
5. Other matters that the Minister of Land, Infrastructure and Transport deems necessary for the promotion of business startup in real estate services and the growth and development of business starters.
Article 16(Entrustment of affairs) #
(1) The Minister of Land, Infrastructure and Transport may entrust all or some of the following affairs to a public institution or an organization related to the real estate services industry designated and publicly notified by the Minister of Land, Infrastructure and Transport in accordance with Article 26(2) of the Act:
1. The following affairs regarding the fostering, management, education, training, etc. of specialized human resources under Article 12 of the Act:
a. Promotion of policies regarding the fostering, management, education, training, etc. of specialized human resources under Article 12(1) of the Act:
b. Designation of an institution for training specialized human resources under Article 12(3) and (5) of the Act and revocation of designation thereof;
2. Compilation of statistics on real estate services industry and establishment of statistical system under Article 13 of the Act;
3. Support for international cooperation and overseas expansion under Article 21 of the Act;
4. Business startup support under Article 22 of the Act.
(2) The Minister of Land, Infrastructure and Transport may entrust affairs of conducting fact-finding surveys under Article 11(1) of the Act to any of the following institutions in accordance with Article 26(2) of the Act: <Amended on Dec. 8, 2020>
1. The Korea Research Institute for Human Settlements established in accordance with Article 8 of the Act on the Establishment, Operation and Fostering of Government-Funded Research Institutes;
2. The Korea Real Estate Board under the Korea Real Estate Board Act;
3. The Korea Land and Housing Corporation under the Korea Land and Housing Corporation Act.
(3) The Minister of Land, Infrastructure and Transport may entrust the affairs of inspecting certified exemplary service providers under Article 15(3) of the Act to an inspection agency in accordance with Article 26(2) of the Act.
(4) Where the Minister of Land, Infrastructure and Transport entrusts affairs in accordance with paragraphs (1) through (3), he or she shall publicly notify the institutions entrusted with the affairs and the details of the affairs entrusted in the Official Gazette without delay.
Article 17(Criteria for imposing administrative fines) #
The criteria for imposing administrative fines under Article 30(1) of the Act shall be as specified in the Appendix.