Amendments to the Brokerage Act: higher professionalism, fewer conflicts of interest
The proposed amendments to the Real Estate Brokerage Act are aimed at further regulating the market, strengthening legal certainty, and raising the level of professionalism among agents and agencies. The legislator’s objective is to more clearly define the relationships between brokers and clients and to reduce the scope for unclear and potentially harmful practices.
Ban on simultaneous representation by multiple brokers
One of the key novelties is the ban on the simultaneous representation by multiple brokers for the same property. This measure directly contributes to reducing conflicts of interest and encourages more responsible and ethical business conduct.
In practice, this means clearer contractual relationships, greater accountability of brokers, and a more transparent market in which clients know exactly who represents them and under what conditions. In the long term, such provisions further strengthen trust in the profession and raise overall business standards.
Growth in the number of agencies and the need for clearer rules
These amendments come at a time when the market is recording a growing number of agencies and brokers, a topic we previously addressed in the article Croatia’s Real Estate Market Enters a New Phase , following an industry forum that highlighted the need for higher professional standards and clearer rules of operation.
In such an environment, further refinement of the legal framework represents an important step toward a higher-quality and more accountable real estate market.
Appeal to consumers: verify the legality of brokers
The Real Estate Business Association within the Croatian Chamber of Economy once again appeals to consumers to verify the legality of a broker or agency before any form of contact by checking their status in the Register of Real Estate Brokers.
More information on the proposed amendments is available on the official website of the Croatian Chamber of Economy , while verification of authorised brokers can be carried out via the Register of Real Estate Brokers .
- The register enables quick verification of a broker’s authorisation
- It reduces the risk of unprofessional or unlawful conduct
- It increases the security of buying, selling, and renting real estate
