Huainan City’s Provisions on Online Transactions and Fund Supervision of Existing Houses (2019 Revision)

Article 1 In order to strengthen the management of the real estate market, standardize existing housing brokerage and trading activities, ensure the safety of existing housing transactions, and safeguard the legitimate rights and interests of existing housing buyers and sellers and real estate brokerage agencies, according to the "People's Republic of China The Contract Law of the People's Republic of China, the Urban Real Estate Management Law of the People's Republic of China and other laws and regulations are formulated in light of the actual situation of this city. Article 2 These regulations shall apply to the online transactions and fund supervision of housing units within the administrative area of ??this city.

Existing houses refer to houses that have obtained real estate ownership certificates. Article 3 The municipal and county housing security and real estate management departments are responsible for the online transactions and fund supervision of existing housing, and their affiliated existing housing transaction fund supervision agencies (hereinafter referred to as the regulatory agencies) are responsible for the daily management of online transactions and fund supervision of existing housing. Other relevant administrative departments shall, in accordance with their respective responsibilities, do a good job in online transactions and fund supervision of existing housing. Article 4: Municipal and county housing security and real estate management departments are responsible for establishing an online trading platform for existing housing and publishing housing transaction information. Article 5: Real estate brokerage institutions engaged in existing housing brokerage business shall apply to the regulatory agency for user certification of the existing housing online trading platform system operation.

For brokerage institutions that meet the conditions for accessing the Internet, the regulatory agency will allocate system keys and assign registered user names. The key cannot be lent to others for use. Article 6 A real estate brokerage agency accepts the brokerage business of existing housing, and applies to the regulatory agency to release the following information about the existing housing to be sold through the operating system of the existing housing online trading platform:

(1) Contents recorded in the real estate ownership certificate ;

(2) Existing housing transaction conditions;

(3) Brokerage agency name, contact information and sponsoring broker;

(4) Others that should be released information. Article 7: For houses applied for listing, the regulatory agency shall complete the comparison with the registered information within 2 days from the date of receipt of the application, and publish it through the existing house online trading platform system if there is no objection. Article 8 If the online trading platform system releases existing housing information under any of the following circumstances, the real estate brokerage agency shall apply for cancellation: (1) The entrusted real estate brokerage service contract expires within the agreed period;

(2) A house sales contract has been signed;

(3) The contract is revoked or the entrustment is terminated. Article 9: For existing houses that have been registered for objections or have been sealed up in accordance with the law, the regulatory agency shall cancel the house sale information. Article 10 If a real estate brokerage agency facilitates a transaction, it shall issue an online transaction registration form through the trading platform system.

If the parties to the transaction reach an agreement on the purchase and sale of existing housing on their own, they should go to the regulatory agency to handle the online transaction of existing housing. Article 11 The parties to a transaction may sign a fund custody agreement with the regulatory agency by presenting relevant materials. After the custody funds are fully accounted for, the regulatory agency will issue a custody certificate for the existing housing transaction funds.

Real estate brokerage institutions and their employees are not allowed to collect or pay transaction funds through accounts other than supervised accounts.

The custody of funds for existing housing transactions does not accrue interest or charge. Article 12 After paying taxes and fees in accordance with the law, both parties to the transaction apply to the real estate registration agency for house transfer registration. Article 13 After the house transfer registration is completed, the regulatory agency shall handle the fund transfer procedures in accordance with the fund custody agreement. Article 14 After the real estate transfer registration is completed, the regulatory agency shall handle the fund transfer procedures in accordance with the fund custody agreement. Article 15 If a real estate agency violates the relevant provisions of these Regulations, the real estate administrative department shall order it to make rectifications within a time limit, and suspend its online operation qualifications during the rectification period; if the circumstances are serious, its registered users shall be cancelled, and the relevant administrative departments shall be advised to revoke their registration in accordance with the law. Qualification certificate. Article 16 If the municipal housing security and real estate management department and its supervisory agencies neglect their duties, abuse their powers, or engage in malpractice for personal gain during the online transactions and fund supervision of existing housing, they shall be punished in accordance with the law; if losses are caused, corresponding liabilities shall be borne in accordance with the law. Legal liability. Article 17: Municipal and county real estate management departments may formulate implementation details for online transactions and fund supervision of existing housing in accordance with these regulations. Article 18 These regulations will come into effect on January 1, 2015.