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A Study on Civil Liability of Real Estate Brokers

  • Public Land Law Review
  • Abbr : KPLLR
  • 2004, 21(), pp.129-158
  • Publisher : Korean Public Land Law Association
  • Research Area : Social Science > Law

Kim, Sang Myeong 1

1제주산업정보대학

Accredited

ABSTRACT

Recently we can see the burst of economic bubble especially in the real estate market came out from the severe economic crisis and chaos. There are lots of argument about cause and countermeasure for the value of real estate that has caused economic crisis.Therefore it is expected that there will be more and more damages from now on. However, the legally responsible managements of real estate brokers have not been systematized yet in korea, and neither have those of general experts.As a result, to clarify the Liability, the real estate brokers should use specified official contracts at the stage of agreement. And yet when the faults of experts cause damages, it is necessary to compensate the clients or the damages by means of the improvement of the present perfunctory insurance.Furthermore, the government should revise the related legislations for the autonomous control of the expert group and the proper performance of their duties. Consequently, these measures can clarify the sphere of liabilities and coincide with the principle of modern law which is called the balanced social distribution of Liabilities. Beside, by the measures mention above, we can expect more expanded social competence of real estate brokers.

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Citation status

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