SANTO DOMINGO.- Four deputies deposited on February 18 the “bill that would regulate real estate services and the brokerage contract” in the Dominican Republic.
In a communication addressed to the president of the Chamber of Deputies, Alfredo Pacheco, the legislators request the reintroduction of the legislative piece, after having offered a favorable report on it in December of last year.
The 25-page document sets as its first objective "to protect the legal relationship between the proposer and the real estate broker or their agents and to maintain the confidence of the real estate market, derived from the legal transaction that arises as a result of the intermediation of real estate brokers or their agents.".
The project is expected to be reintroduced once the first legislative session begins, which will last 150 days, from February 27 to July 26.
Braulio Espinal, president of the Special Commission that studied the proposal, declared last January that they took more time in their study in order to deliver a document that all those involved could understand.
“We have embarked on a project not to just throw something together, but we want to do something right that turns out well, that everyone can understand, and that the commission chooses what they understand from among the considerations and articles that should be in that law,” Espinal declared in November of last year.
In addition to Espinal, the letter is signed by Edward Enrique Cruz Asunción, deputy abroad; Indhira Shary De Jesús Morla, deputy for the province of Santo Domingo; and Charles Noel Mariotti Paz, deputy for the National District.
The following deputies also participated in the study of the bill: Abelardo Antonio Rutinel, Aldoneris Rafael Adón Duarte, Aquiles Leonel Ledesma Alcántara, and Dellys Dumidia Féliz Rodríguez. José Alberto Jiménez Santos, Liz Mieses Díaz, Llaniris del Carmen Espinal Cabrera, Miguel Alberto Bogaert Marra, Pedro Antonio Martínez Moreta, and Rafael Augusto Castillo Casado also participated.
The project
The bill includes the regulatory, organizational and management regime of the real estate brokerage activity, applicable to real estate intermediaries operating in the national territory, the requirements for its exercise, the rights and obligations of brokers and agents, as well as the brokerage contract, in addition to the quality control of such services.
If approved, it will apply throughout the national territory to natural or legal persons who act as brokers or real estate agents, "regardless of the name they use, as defined by this law and with the guarantees provided for in it and its regulations.".
