Legislation obligating real estate agents to obtain a professional
license was passed almost 4 years ago and then deferred. As of the start of 2002, however,
real estate agents are required to hold a professional license and comply with other
formalities, provided in provisions of the Law passed on August 21, 1997 on Real Estate
Management (hereafter called the ,Law").
The fact that the Polish legal system got round to imposing such
licensing should not be a surprise; investors need as much protection as they can get for
their own peace of mind. We are all aware that real estate deals usually entail transfers
of significant amounts of money. An added problem is that uncertainly surrounding the
legal status of numerous properties requires particular awareness on the part of the agent
who, after all, should be able to preliminarily identify potential problems and suggest
legal advice. Therefore, under Polish law, it is also strongly recommended that real
estate agenci