Real Estate Brokerage Management Act Article 26

A brokerage agency shall be liable to pay compensation for the trustor’s loss resulting from the brokerage agency failing to realize the contract.The brokerage agency and the broker shall bear a joint liability for the compensation for the client’s loss resulting from the broker’s performance of business or the salesperson’s intentional act or misconduct.The victims’ recourse in the preceding 2 paragraphs to the National Association of Brokering or Sales Agency of R.O.C. for representative compensation is to be regarded as their application to the committee of guaranty bond management for reconciliation. The committee shall begin reconciliation.While the victim obtains the nominal execution over the brokerage agency or the broker, after arbitral settlement or the resolution of payment made by the committee of guaranty bond management, he or she may have recourse to the National Association of Brokering or Sales Agency of R.O.C. for representative compensation within the total amount of the bond of operation and within the total amount guaranteed by the bond of operation deposited by the brokerage agency. Following representative compensation, the brokerage agency shall be informed of making up the bond of operation within the specified time according to Article 8(4).