Summary:
Monaco’s National Council has passed a bill to regulate the profession of property dealers in the Principality.
Full Story:
Monaco’s National Council has unanimously passed a bill that regulates the profession of property dealers. The bill was initially introduced on May 10, 2021, and submitted by the Monegasque government on October 10, 2022. Its purpose is to supervise and regulate property dealing in the Principality. The law defines property dealers as individuals who engage in the buying, selling, or renting of real estate for third parties. This new regulation aims to bring transparency and accountability to the property dealer profession in Monaco. It establishes requirements and standards that property dealers must adhere to, ensuring the protection of both buyers and sellers.
Source:
news.mc
