Latest topics in real estate licensing - Support Administrative Scrivener Corporation

In recent years, particularly in Tokyo, screening for real estate specified joint ventures (FTS) has become stricter not only for new license applications but also for existing operators' operations. This trend stems from strengthened inspections of business outsourcing and compliance systems during new license applications. For details on what is checked during the new license application process, see "Tighter Real Estate Specified Joint Venture License Screening in Tokyo." Existing real estate specified joint ventures are also affected by the "stricter screening." The stricter screening for real estate specified joint ventures does not only apply to businesses seeking new licenses. Even for businesses that already have FTS licenses, more detailed screening is now being conducted to ensure the content of outsourcing and daily business operations are legally conducted during annual procedures such as business reports, change notifications, and application for approval of changes to terms and conditions. Key points to check during change notifications and business reports: Are operations in compliance with laws and regulations and supervisory considerations? The screening process verifies whether operations are in compliance with the Real Estate Specified Joint Venture Act, related laws and regulations, and supervisory considerations. It's important not only to ensure that a written system is in place, but also to ensure that actual business operations are conducted in accordance with laws and regulations. Whether operations comply with business manuals and internal regulations. Regarding business manuals and internal regulations established by the business operator, whether they are being implemented in accordance with their contents and whether they have become a mere formality. Whether there have been any inappropriate business operations since obtaining the license. Whether prohibited business operations have been outsourced since obtaining the license. Whether third parties are actually involved in the exclusive real estate business. Please be aware that if inappropriate business operations are found, you may be subject to administrative guidance or sanctions. Responding to the "Stricter Screening" of Real Estate Specified Joint Ventures: Because real estate specified joint ventures are subject to ongoing supervision even after obtaining a license, establishing a legal compliance system and internal controls is more important than ever. In particular, it is essential to organize and confirm the following points in advance. Whether the outsourced business activities fall under the prohibited activities for non-specialized business ventures; Whether operations are actually being conducted in accordance with the business manual and internal regulations; Whether there are any "risk areas" that may be pointed out by the government. Furthermore, many of these checks overlap with the standards required for new licenses. Regarding our internal audit support (compliance checks): In light of the trend toward stricter screening for real estate specified joint ventures, Support Administrative Scriveners Corporation provides support for existing real estate specified joint ventures, focusing on internal audit support and compliance checks. Specifically, we provide the following support: Identifying risks both before and after license acquisition; Internal audit support for existing real estate specified joint ventures; Proactive measures based on points likely to be pointed out in Tokyo's screening; Legality checks of outsourcing contracts and actual operational status. Screening and supervision of real estate specified joint ventures are expected to continue to become stricter. Advance preparation and regular checks directly contribute to maintaining licenses and stable business operations. If you have concerns about the operation of your existing business, change notifications, change approval applications, or business reports, please contact us first. (Author: Suzuki Hiromasa, Consultant in charge of real estate specific joint ventures) Related services: https://www.shigyo.co.jp/search_post/fudosan/fudosan-tokutei/