Amendments to the Real Estate Trade Regulation
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This amendment expands the real estate trade rules to cover property modification work and the new payment system for property sales. It also tightens how real estate agency authorization certificates are updated or renewed when business details change, including deadlines for filing changes and automatic updates for related branch certificates. Real estate businesses, sales intermediaries, and other parties involved in property sales will need to adjust their processes, especially for certificate updates and any sales that use the new payment system. The biggest practical change is the payment system for property sales: when cash, wire transfer, EFT, or other methods approved by the ministry are used, the sale price must go through a system designed to make the transfer of money and title happen at the same time. The rule also sets a temporary grace period until 1 July 2026, during which use of that system is not mandatory, unless the ministry extends the deadline by up to three months.
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Key Changes
- Expands the regulation to cover property modification work and the rules for a new property-sale payment system
- Requires real estate authorization certificates to be updated or renewed within 10 days after a change, with automatic updates for related branch certificates
- Introduces a payment system for property sales, with fees deducted from the amount paid to the seller and a temporary exemption until 1 July 2026
Obligations
What this law requires
When any part of a taşınmaz satış bedeli is paid in cash, by bank transfer, EFT, or another payment method determined by the Ministry, the sale price must be paid through the designated payment system so that transfer of ownership and payment occur simultaneously.
If part or all of the property sale price is financed by a bank or by a finance/leasing/factoring/financing and savings finance company, the payment system must be used for the non-credit portion of the payment.
Businesses must apply for amendment or renewal of their authorization certificate through the Information System within 10 days of any change in the relevant information, except that a change in trade name or business name requires renewal rather than amendment.
The provincial directorate must finalize amendment or renewal applications for authorization certificates within 10 days from the application date.
If an authorization certificate is amended because the business address changes, or renewed because the trade name or business name changes, the related contracted businesses' authorization certificates must be amended or renewed automatically, without any separate application, within 10 days from the amendment or renewal date.