Secure Payment System for real estate sales comes into effect on October 1

According to the information compiled by the AA correspondent, within the scope of the amendment made by the Ministry to the Regulation on Real Estate Trade, the Secure Payment System, which is planned to be put into operation on October 1, aims to prevent buyers and sellers from being exposed to the risk of fraud, theft and forgery. In this regard, it is aimed to reduce informality and make money transfers in a safe environment in order to make real estate trade safer.

In real estate sales, with the system created to ensure that the sales price changes hands safely and simultaneously, the money paid by the buyer will not be transferred to the seller's account until the transfer of the real estate to the title deed is completed. Thus, the real estate ownership and the sales price will change hands simultaneously.

In the secure payment process to be carried out through banks and land registry offices, real estate agents will also assist buyers and sellers in using the system.

"There is no way for real estate agents to get out of the way in the system."

Ankara Chamber of All Realtors and Tradesmen (ATEM) President Burak Arpacı said in his statement on the subject that the system closely concerns everyone, from citizens to real estate businesses.

Pointing out that the system is a useful application to prevent citizens from suffering, Arpacı said, "In this system, real estate agents do not have a situation of getting out of the way, it is not a system that causes this. It is a system that is made to ensure that citizens do not carry money in the land registry offices, that they do not become victims, and that the transactions are carried out in an orderly manner and everything is made official." he said.

Arpacı stated that most of the real estate agents who are members of the chamber are knowledgeable about the system, and that they will also provide training to the members regarding the application.

"Consumers should work with a licensed real estate consultant"

Giving warnings to buyers and sellers who will use the system, Arpacı made the following evaluations:

"We recommend that consumers work with a real estate consultant who has a real estate trade authorization certificate. Most of the complaints that come to our chamber are due to people who do not have a registration or tax certificate, which we call 'under the radar'. Real estate consultants who have an authorization certificate and are self-improved do their job properly and without victimizing the consumer, and they know the job, so they will help citizens in this system as well."

Arpacı advised some points to be taken into consideration in order for the system to achieve its purpose, and emphasized that they attach great importance to reducing the difference between the real value and the current value, and to prevent practices such as paying only the current price and giving the remaining amount in person within the scope of safe payment as a sector.