Law on the Activity of Real Estate Agents (2020)

The purpose of this Law is to promote the provision of stable, secure, and reliable intermediation services, and also to prevent money laundering and terrorism and proliferation financing by using such real estate transactions in which intermediation services have been provided. The Law shall apply to all private persons who wish to provide or are providing the intermediation services. Only Sections 10 and 11 and Section 12, Paragraph one of this Law shall apply to sworn notaries, sworn advocates, sworn bailiffs, sworn auditors, commercial companies of sworn auditors, administrators of insolvency proceedings, and capital companies of a public person which alienate the property of a public person in conformity with the Law on the Alienation of the Property of a Public Person or are managing the real estate of a public person in conformity with the Law on Prevention of Squandering of the Financial Resources and Property of a Public Person. The intermediation services may be provided only by such private person who has been included in the Register of Real Estate Agents (hereinafter – the Register). A citizen of the European Union or a merchant registered in a European Union Member State which wishes to provide the intermediation services in Latvia shall register in the Register.