A new Real Estate Agency Act is in force in the Czech Republic since march this year. The Act No. 39/2020 Coll. is the first comprehensive regulation of the realtors' profession on the territory of the Czech Republic; compulsory qualification of real estate agents is provided for. Currently, an amendment to the Act is under legislative consideration. The amendment should, in connection with the ongoing state of emergency (coronavirus), prolong the transitional period, in which the agents should meet the qualification requirements, from six to ten months (i.e. until 3 January 2021).
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