|The International Real Property Foundation (IRPF) has experienced great success in its efforts to enhance the quality of practice and service in the Ukrainian real-estate market. IRPF’s endeavor has been lead by the organization’s mission to create viable, private real estate markets worldwide which are essential for strong democracies and developing economies.|
In recent activity, the Ukrainian Realtors Association (URA) in cooperation with IRPF and the Educational Center “Master Education” has introduced a Distance Learning Certification Program “Realtor – Professional,” that is 50% cheaper than other educational programs in Ukraine and is expected to train 5,000 specialists within the next two years. The Director for Education, whose employment was underwritten by IRPF, is managing the program.
In order to regulate realtor activity at the legislative level, Draft Law No. 3499 “On Realtor Activity” was registered in the Realtors Bill. The Draft Law delineates and legally acknowledges both the status of the realtor and the subject of realtor activity (a realtor as an entrepreneur and as a real property agency), as well as eligibility requirements to be a realtor. A natural person who has passed the qualification procedure can be granted a realtor status. Thus, the realtor activity is recognized as an exclusive activity.
When finally passed into law, the Draft Law and its proposed Realtor Chamber of Ukraine, IRPF and URA will establish legal grounds for the protection of rights for consumers of realtor services, gain legal support for the existence and development of a competitive market and a uniform government policy in the industry, and introduce self-governance, certification, and registration of specialists.
The Certification Program has proved a major success for URA. To date, 991 individuals have been trained and 570 individuals certified throughout Ukraine. IRPF continues to encourage and support the organization’s efforts to enhance the quality and scope of the real property market in Ukraine. The training has resulted in more penetration of certified brokers in the markets with a better understanding of certification. With the initial goal of twenty percent of 590 (or 118) members to participate, URA has far exceeded this goal with to date individuals trained have reached 500% of planned activities.
The current structure of the real-estate industry in Ukraine does not promote a data aggregation system, and the parties generally seem disinterested or unwilling to pursue the development of MLS, according to a recent trip report from Peter Shuttleworth and Richard Green. Priorities are rather in professional education, regulator laws, and business competence.
IMPACTIRPF’s work in Ukraine and the successes of the URA improve conditions for the real-estate community by offering the opportunity to receive a Certificate through training. The training has resulted in more penetration of certified brokers in the markets with a better understanding of certification. Furthermore, by legally acknowledging the status of the realtor and the subject of realtor activity, the Draft Law will be vital in enhancing the quality of life, work and services within the real-estate industry in Ukraine. URA’s Training of individuals has already resulted in 5 times that of the original goal.