Real Estate Brokerage Agencies Act

Serbia's Parliament has adopted a new Real Estate Brokerage Agencies Act (Zakon o posredovanju u prometu i zakupu nepokretnosti), which was published in the Official Gazette of the Republic of Serbia No. 095/2013 on 31 October 2013 and entered into force as of 8 November 2013 ("Act").

The Act regulates the conditions and manners of providing real estate brokerage agency services, as well as oversight of its implementation.

The Act prescribes that a broker may provide his or her real estate brokerage services only after he or she has received a decision of registration with the Register of Real Estate Brokers ("Register") from the Ministry of Foreign and Internal Trade and Telecommunications. It is important to mention that it is punishable by law to offer these kinds of services without first being registered.