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Also, the FSA has reviewed 13 cases of land sales companies and the awareness of unlicensed companies to encourage them to apply for licenses to operate land sales companies, including 47 companies that have provided answers to NOTICES on questions related to the procedures for applying for licenses.

“This is the last notification of the media without showing the names of certain companies. But suppose they still evade the obligations by not showing to solve the problems. In that case, we will prepare a list of their names, and they show it legally to the public to protect the customers’ interests, and they will be penalized and fined according to the provisions of the applicable laws,” said Vannak.

Shrek Soknim, the president of the Cambodian Valuers and Estate Agents Association (CVEA), told the Khmer Times that the authorities would generally not find real estate companies that comply with the rules and regulations set by the government and the applicable laws that are set to obey.

The rules get them into trouble with fines, penalties, or even revocation of licenses.

“For companies that develop residential projects without having construction development licenses or permits to sell their projects to customers, I think they will be fined or fined because the laws do not allow them without obtaining licenses,” he said.

Sonim added that CVEA provided consultation and advice to its members and other entrepreneurs, especially new business owners who needed to gain knowledge of real estate. Sometimes, people with such problems also seek help from the organization to ask for understanding from government agencies for a lower income. Fines or penalties.

The acting company K Professional Accounts (KPA) told the Khmer Times.