On the morning of April 1, the Guangzhou Municipal Housing and Urban-Rural Development Bureau issued a notice on the online transaction rules for existing housing in Guangzhou. Buyers and sellers who have been authenticated by the facial recognition system can complete the transaction process online by themselves, without having to go to the contract service point to complete the procedures. The new regulations will be implemented from April 3, 2020.

The relevant person in charge of the bureau said that the new regulations aim to strengthen the supervision of the existing housing transaction market, rectify illegal activities in existing housing transactions, and maintain the security of existing housing transactions and funds.

According to the latest "Guangzhou Existing House Online Transaction Rules", for existing housing transactions in Guangzhou that have obtained real estate certificates (real estate certificates), they should go through the housing transaction information platform-Existing House Online Trading System (hereinafter referred to as the online transaction system) handles online transaction procedures.

When providing services, real estate intermediary service agencies should use the online transaction system to handle online transaction procedures for existing housing. If the buyer and seller conclude the transaction on their own without entrusting an intermediary agency, they can go through the online transaction procedures for existing housing through the contract service point or website determined by the Guangzhou Municipal Housing and Urban-Rural Development Bureau. The website refers to the Sunshine Family website and the intermediary association website. The parties involved in existing housing buyers and sellers can log in through the Internet.

Buyers and sellers of existing houses who hold nationally valid resident identity cards, ordinary overseas Chinese passports, and mainland travel passes for Hong Kong and Macao residents can complete online identity verification through facial recognition and then go through the online transaction procedures for existing houses by themselves.

If the two parties involved in a self-transaction complete the online signing procedures for the existing house purchase and sale contract through the Internet or self-service terminals, they must confirm their identity through face recognition and then print the contract and signature. The contract signature page must be uploaded online. trading system.

If the two parties involved in a self-transaction have not confirmed their identity through facial recognition, they can verify the ownership of the house at the contracting service point, negotiate and draft the contract terms, and after reaching an agreement, print out the existing house through the online transaction system. Sign and seal the sales contract, and upload the contract signature page to the online trading system.

If a transaction is reached through a real estate intermediary service agency, the relevant practitioners must sign the existing house sales contract, the real estate agency service agency stamps the official seal, and uploads the contract signature page to the online transaction system.

“Compared with the old regulations, the new regulations cancel the pre-signing contract procedure and provide guidance on how to confirm the sales contract through Internet face recognition and other processes.” The relevant person in charge of the Guangzhou Municipal Housing and Urban-Rural Development Bureau introduced, The new rules will come into effect on April 3, 2020 and will be valid for five years. The original "Notice of the Guangzhou Municipal Housing and Urban-Rural Development Commission on the Issuance of the "Guangzhou Existing Housing Online Transaction Rules" (Suijian Real Estate [2016] No. 1344) was abolished at the same time.

New Rules Tips

When using the online trading system to handle procedures, the following behaviors are not allowed:

(1) Trading outside the online trading system;

(2) Not verifying housing information through the online trading system;

(3) Providing false real estate agency services and signing false real estate agency service contracts;

(4) Signing false real estate agency services Existing house sales contract;

(5) After obtaining house information through deception, theft and other improper means, publish, disclose, leak, and resell relevant information materials about the parties and the house;

(6) Assisting the party to falsely report the transaction price;

(7) Performing system operations for the party without legal basis or refusing to perform system operations for the party;

(8) Repeated system operation errors, Directly or indirectly affect the transactions between the parties;

(9) Use false housing information and false contracts to commit fraud, evade taxes, etc.;

(10) Disclose the parties without their consent Relevant materials and information materials;

(11) Failure to properly keep relevant materials in accordance with Article 15 of these rules;

(12) Other violations of laws and regulations.