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Remax Korea (CEO Shin Hee-seong) recently signed a business agreement with Real IV and announced on the 22nd that it will provide a 'buyer protection service' that protects the buyer's property from accidents and ownership disputes, such as registration of transfer of ownership and registration of real estate holding period after payment of the sale balance. .

Remax is a global real estate company operating in over 110 countries around the world. Over 140,000 agents are active in over 9,000 offices around the world. There are over 400 real estate experts in Korea.

Real IV is a title insurance company that promotes the distribution and popularization of real estate title insurance necessary to protect buyers during real estate transactions. We have developed and are operating an electronic registration system jointly with Hanul Law Firm.

According to Remax Korea, the electronic registration system is a service that allows the buyer to check the registration immediately after paying the balance. Registration accidents such as provisional seizure and injunction due to the seller's circumstances can be prevented. In case a registration accident occurs due to the registration company's negligence, we provide double safety measures for consumers, including the possibility of compensation for damage through title insurance.

An official from Remax Korea explained, "In the event of a ownership dispute due to a title defect that is difficult to confirm through registration even after the transfer of ownership, title insurance takes legal action such as a lawsuit necessary to defend ownership on behalf of the buyer, and compensates for the final confirmed actual loss." did.

Shin Hee-seong, CEO of Remax Korea, said, "Remax Korea is working to ensure that consumers can make safe transactions in the domestic real estate market. Through this agreement, we will be able to further increase stability and reliability."

Original link: Remax Korea, MOU with Real IV, steps forward to protect buyers - Money Today (mt.co.kr)