The Board of Examiners for Real Estate Agents

The Board of Examiners for Real Estate Agents of the Finland Chamber of Commerce is responsible for arranging, at least twice a year, qualification tests for licensed real estate agents (LKV) and for licensed housing rental agents (LVV).

The qualification tests can be taken either in Finnish or Swedish.

Use of titles

Only a person who has passed the qualification test for licensed real estate agents may use the title LKV. A person who has passed either the qualification test for licensed real estate agents or for licensed housing rental agents may use the title LVV.

Professional Competence Requirements in Real Estate and Housing Rental Agency Business

 The regulations on real estate and housing rental agency business are included in the Act on Real Estate Agencies and Housing Rental Agencies (15.12.2000/1075). The purpose of the act is to make sure that agency business operations are carried out in a professional and reliable manner. The act also aims at ensuring that no inappropriate procedures are used in agency business operations and it comprises general provisions on good business practice for agencies.

The professional competence requirements of the persons engaged in the real estate or housing rental agency business were made stricter under the legislative changes introduced at the start of 2016. It is now required that at least half of the persons working for the agency and acting as real estate or housing rental agents at each of its offices must possess the professional competence demonstrated in the qualification test. 

Registration and Supervision of Real Estate and Housing Rental Agencies

Private entrepreneurs or legal persons operating as real estate agents or as housing rental agents need to be registered. The register is maintained by the Regional State Administrative Agency. The Agency also supervises the operations of real estate and housing rental agencies. The law gives the Agency extensive means to intervene in business operations that are not conducted in the appropriate manner.

One of the requirements for registration is that the agency has a named person responsible for its operations. The person responsible for the operations of a real estate agency must possess the professional competence demonstrated in the LKV qualification test, while the person responsible for the operations of a housing rental agency must possess the professional competence demonstrated in the LVV or LKV qualification test. The person responsible for the management must ensure that the professional competence requirements are met at each office of the agency.

For more information visit: https://www.avi.fi/en/web/avi-en/#.WOTMbO-7qUk