创辉rental, home Zhongtian Real Estate Agents and other businesses have been more than “trouble” shows that the real estate intermediary industry is facing a crisis, in fact, as a result of third-party monitoring in place, the crisis long现端倪frequency. Therefore, in order to avoid innocent buyers with the loss of staff, strict monitoring to prevent it from becoming profitable financial gray areas can be described as imminent.

Zhongtian flats following the escape卷款case, the long river of real estate after the close of bankruptcy, known as “China’s largest and most outlets intermediary company”创辉rental Group in January in the Pearl River Delta 7 major cities and Shanghai, Wuhan’s stores have closed and employees were Wages, customer funds had been misappropriated, dealers who are owed money.

Estate Agents current industry crisis, revealed at least three major issues, it is worth the Government to seriously deal with

First, the real estate market turning point, whether home prices have yet to be observed inflection point, However, as a result of various policies introduced to increase the wait-and-see mood can be sure, so certain cities have been sharply reduced second-hand housing transaction volume. This makes some of the funding chain tension difficult real estate broker, and the funds must be the result of strand breaks bankruptcy, regardless of the credibility of the operators may take advantage of regulatory loopholes卷款flee.

Second, some real estate empire dream of establishing an intermediary in the sand above. They enter the market at a time when the first two years of high growth in real estate, so in calculating the number of clients with cash flow to real estate transactions based on the peak period, which determines that it is difficult to resist those intermediaries market downlink period test.

Zhongtian home such as the operation of the company funds greatly dependent on the volume to年交易量decline in August there have been losses, the amount each month in 2000000-3000000 yuan’s , and the rental创辉headquarters in Shenzhen, the largest trading volume fell九成, which eventually led to capital-strand breaks.创辉rented or sold in the country was determined to open shop in 3000, so the domestic real estate intermediary industry “shop King” last year in Shanghai opened 200 stores, resulting in millions of dollars in return was a loss.

Third, the relevant departments for the ineffective supervision of real estate, mainly in real estate can not be prevented to “financial institutions” model to expand.

funds are surging Mingmen type of intermediary organizations. Profit alone can not support创辉rental income, such as the rapid expansion of intermediary organizations, the industry has long been warning of this model. Chain tension in the capital cases, to rely on intermediaries, such as misappropriation of clients funds to greatly expand, behind traces of the existence of the financial operation.

such as Zhongtian蒋飞home set up in Shenzhen Zhongtian Changsheng limited by guarantee, with their own security company to the customer to do second-hand housing mortgages secured transactions, easily paying back the principal and even into their margin accounts, in the 20 days around the transfer process, zero-interest misappropriation of clients funds. This is not just蒋飞received profit intermediary real estate transaction, but the financial security, such as receipts. The video is in创辉to greatly expand at the same time looking for venture capital, for in the shortest time possible to achieve the listing of funds in order to get through the bottleneck. Can clearly see that these intermediaries overflow of industrial or trading intermediary profit mode, and turn to the financial profitability of the gray areas.

China in the first half of 2007 by the Ministry of Construction and the central bank jointly issued a notice clearly存量房交易settlement calls for the establishment of fund management system to prevent the domestic real estate brokerage agencies占压misappropriated funds transactions. Shenzhen as early as the end of 2006 on the introduction of the “Shenzhen real estate brokerage industry management approach” to provide, through independent third-party monitoring of funds in real estate transactions. But because there is no mandatory must pass “special account” HKEC transferred funds, banking specific regulatory rules has yet to develop, leading to funding by a third party monitoring has become a mere scrap of paper, from the internal allocation of agency operations, or even transferred to the executives personal accounts, gave birth to the卷款escape vicious cases such as a hotbed.

2005 home in Beijing Bai incident in 2006 in Tianjin Huizhong incident, in 2007, Shenzhen Zhongtian home event, the beginning of 2008 incident创辉video shows the chaos agency did not begin today , if we do not carry out effective supervision, it would not come to a close today.

for this term, one should keep a strict implementation of second-hand housing transactions section of third-party monitoring system, and the other is to allow the real estate market to a soft landing, leaving the integration industry, from compliance trustworthy intermediary companies operating difficulties of mergers and acquisitions intermediary companies, or funds set aside time to straighten out of bankruptcy in order to minimize the social costs and reduce innocent buyers with staff losses.

Chinese version:多家房产中介企业相继“出事” 说明了什么

创辉租售、中天置业等多家房产中介企业相继“出事”表明，房产中介正面临着一场行业危机，事实上，由于第三方监管的不到位，这场危机早就频现端倪。因此，为了避免无辜购房者与员工的损失，严格监管，防止其成为金融赢利的灰色地带，可谓迫在眉睫。

继中天置业出现卷款逃逸案、长河地产关门破产之后，号称“中国规模{zd0}、网点最多的中介公司”创辉租售集团1月在珠三角7个主要城市和上海、武汉的门店纷纷关门，员工被欠薪，客户资金被挪用，交易商款项被拖欠。

房产中介行业当下的危机，至少透露出三大问题，值得政府慎重对待

{dy}，房地产市场出现转折，房价是否出现拐点还有待观察，但由于各种政策出台而导致观望情绪增加则可以肯定，于是某些城市二手房交易量急降。这就使得一些资金链紧张的房产中介公司举步维艰，而资金链断裂的结果必然是破产倒闭，不顾信誉的经营者则可能趁监管漏洞卷款而逃。

第二，一些房产中介的帝国梦建立在沙地之上。他们进入市场之时正值前两年房地产业的高增长，因此在计算客户人数与现金流时，以房地产的交易峰值时期为依据，这就决定了那些中介机构难以抵挡市场下行期的考验。

如中天置业公司的运作资金对成交量的依赖极大，去年交易量下滑的8月份就出现了亏损，每个月的额度都在200万至300万元之间，而创辉租售总部所在的深圳交易量{zd0}下跌九成，最终导致资金链断裂。创辉租售一度立志要在全国开3000家店，做国内房产中介业的“门店王”，去年在上海大开门店200家，结果换来的是数百万元的亏损。

第三，有关部门对于房地产中介监管不力，主要表现在无法防止房地产中介向“类金融机构”模式拓展。

资金是高歌猛进型中介机构的命门。光靠赢利所得无法支撑创辉租售等中介机构的急剧扩张，业内对此模式早有预警。在资金链紧张的情况下，中介机构只能靠挪用客户资金等方式大力扩张，背后都有金融运作的蛛丝马迹存在。

如中天置业的蒋飞成立了深圳市中天长盛担保有限公司，用自己的担保公司给客户做二手房交易按揭的担保，轻易将保证金甚至房款转入自己的账户，在20天左右的转账过程中，可以零利息挪用客户的资金。这样一来蒋飞得到的不只是房产交易中介的利润，而是金融担保等收益。而创辉租售则是在大力扩张的同时寻找风险投资，争取在最短的时间内实现上市，以打通资金瓶颈。可以很清楚地看出，这些中介机构溢出了实业或者交易中介的赢利模式，而转向金融赢利的灰色地带。

我国在2007年上半年由建设部与央行联合发布通知，明确要求建立存量房交易结算资金管理制度，以防止国内房地产经纪机构占压挪用交易资金。深圳也早在2006年底就出台了《深圳房地产经纪行业管理办法》，规定通过独立的第三方监管房地产交易资金。但因为没有强制一定要通过“专用账户”划转交易结算资金，银行具体的监管细则迟迟没有制订，导致资金由第三方监管成为一纸空文，由中介机构内部划拨操作，甚至划拨到高管的个人账户上，孕育了卷款逃逸等恶性案件的温床。

2005年的北京佰家事件，2006年天津汇众事件，2007年深圳中天置业事件，2008年年初创辉租售事件，可见中介机构的乱象并非始于今日，如果不进行有效监管，也不会落幕于今日。

为今之计，一是要严加监管，落实二手房交易款的第三方监管制度，二是让房地产市场进行软着陆，留出产业整合的时间，由合规守信的中介公司并购经营困难的中介公司，或者留出破产整饬资金的时间，才能{zd0}限度地减少社会成本，减少无辜购房者与员工的损失。

2008-01-23