Kiinteistönvälityslaista

Kiinteistönvälityslaista is the Finnish Act on Real Estate Agents. This law governs the operations of real estate agents in Finland and aims to ensure fair and professional practices in the real estate market. It sets out the requirements for obtaining a license to operate as a real estate agent and outlines the obligations and responsibilities of licensed agents.

The law defines what constitutes real estate agency business and specifies the conditions under which it can be practiced. It mandates that real estate agents must be impartial and act in the best interests of both the seller and the buyer. Key provisions include requirements for written agreements, transparent pricing, and proper handling of client funds. Agents are also required to have professional liability insurance.

Furthermore, the kiinteistönvälityslaki establishes rules regarding advertising and marketing of properties, prohibiting misleading information. It also details the grounds for disciplinary actions and penalties for agents who violate the law. The purpose of the legislation is to protect consumers and promote trust and efficiency in real estate transactions within Finland. Supervision of real estate agents is typically carried out by regional administrative agencies.