of August 14, 2003 No. 198
About realtor activities in the Kyrgyz Republic
Accepted by General Court of Jogorku Kenesh of the Kyrgyz Republic on June 27, 2003
This Law governs the relations arising in connection with implementation by legal entities and individual entrepreneurs of realtor activities and is aimed at providing single state policy in the field of regulation of these activities.
This Law does not extend:
- on officials of the executive bodies participating in property sale according to the legislation on privatization and other regulations;
- on persons organizing property sale according to decisions of the courts or executive bodies including legal executives, administrators, conservatives, external managing directors, special administrators (liquidators) according to the legislation on bankruptcy;
- on persons who as owners, owners or lessors of the real estate make any actions concerning the real estate.
In this Law the following concepts are applied:
realtor activities - the professional activity performed on permanent basis on rendering for other persons for remuneration of the services provided by this Law when making transactions with real estate objects and the rights to them according to the legislation of the Kyrgyz Republic;
the realtor - physical (individual entrepreneur) or the legal entity (real estate firm), performing realtor activities;
professional participants of the real estate market - the legal entities, individual entrepreneurs performing activities according to this Law and appraisers;
the owner - physical person or legal entity, being the owner or the user of real estate according to the legislation of the Kyrgyz Republic;
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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The document ceased to be valid since March 28, 2023 according to article 36 of the Law of the Kyrgyz Republic of March 23, 2023 No. 64