Various districts rent in Phnom Penh

The housing market is hot, but the online information is not 100% real. In today's highly developed mobile Internet, how can we guarantee the authenticity of listings? Especially in the second-hand housing market and overseas real estate market which the information is not transparent enough, it is even more difficult to achieve 100% real housing.

In 2020, in order to make Southeast Asia's home buying and renting market more transparent, the Compass real estate platform launched the real housing plan. Agents and property owners can submit real housing certification. The Compass platform provides inspection on basic housing information, property rights certificates, and commission certificates. Such materials are strictly reviewed, and the information can be detailed to the latitude and longitude of the property and the housing plate number. Housing with Verified mark on Compass, buyers can buy and rent without worry.

The real housing can be summarized into four aspects, including real exist, real trust, real information and real price.

First of all, the housing needs to exist in reality, not makeup housing or virtual housing. Address, name, house plate number, latitude and longitude are real.

Secondly, real entrustment, the property is entrusted by the owner in written document or verbally, and it is need to be sold/rent within a certain period.

In addition, the price must be true. The price quoted by the housing owner as the benchmark for the release price of the housing information. The price released by the agent for the same housing does not fluctuate more than ±5% of the price quoted by the owner. (Price exclude tax fee and agency fees).

The pictures of the listings should be real, including the indoor pictures of the listings, facilities pictures, land pictures, property rights certificates and other related pictures are the actual pictures taken by the listing.

In addition, the listing description on the platform should be true, including the basic details of the listing, facilities, fees and other information description.

Verifying real housing plays an important role in improving unhealthy competition in the entire industry, upgrading the value and quality of real estate services, and establishing an industry integrity mechanism.

For home buyers, real house information can reduce the cost of finding a house, improve the efficiency of finding a house, improve transaction security.

If you want to find housing safely and conveniently, you can search on Compass.