Margit krt. 43-45
H-1024 Budapest

Tel: +36 1 336 0072
Fax: +36 1 3360073

President: Mr Péter Mehrli
Vice-Presidents: Mr Péter Geró & Mr Gábor Petrovszky
Secretary General:: Mr Sándor Kispál
Secretariat: 2 staff

Number of direct members: 551

Number of qualified valuers (individuals): 110

Number of valuation companies: 330

Member of TEGoVA since: 2003

Category of Membership: Full

Katalin Kurucz
Board Member of the Property Valuation Sub-Committee

Head of Department
UniCredit Bank Hungary Zrt.
Szabadság square 5-6.
H-1054 Budapest
Hungary

Tel: + 36 1 3015 322
Fax:+ 36 1 3015 437
Mobile: + 36 30 977 67 00

The Hungarian Real Estate Association was established by 21 real estate companies on 21st January 1991 (founding name: Chamber of Hungarian Real Estate Dealers). In December 1994 it became the Association of Hungarian Real Estate Dealers, and in May 1998 its present name was adopted.

Since the foundation a continuously increasing number of companies and individuals engaged in the real estate profession, has recognized the necessity of joining a professional association which defends their interests. As a consequence, the number of our members has increased substantially and besides real estate agents - who dominated at the beginning of 90th - representatives of all real estate professions could be found among the members of the Association.

Today within the framework of the Professional Committee of the Association 4 sub-committees help professional activity of real estate agents, appraisers, developers and managers.

Members Services. The Association organizes and coordinates the efforts of the members engaged in property sales, brokerage, development, appraising, management and other activities related to real estate. Settles and represents their interests from professional and economic point of view and supports free enterprise. Enhances the public image of the industry. Establishes and enforces the ethical rules and professional standards.

Public Affairs. Keeps track of, expresses opinions on and participates in legislative work affecting the activity of its members. It has continuous connection with government departments. It acts as a professional PR organization.

Education & Training. The Association assists the members to develop their professional knowledge, external relations and business activities. One of the main tasks of Hungarian Real Estate Association is to promote continuous education of its members to insure permanent growth of professional level of the membership. To achieve this task the Association organizes training courses, conferences, fairs and professional workshop meetings.

Certification. In 2003 the Association established the Certification Body (EUFIM) that task is to promote the creation and keeping of high national standard in real estate profession. In 2005 the Certification Body of HREA has passed accreditation according to EN ISO/IEC 17024 standard. The scope of accreditation is certification of r/e valuers and agents. In case of a successful certification the r/e expert gets an EUFIM certificate and stamp at real estate professional field. During the validity time of certification (5 years) the monitoring group of Certification Body follows the certified expert's operation and further training.

* Education
* Professional Standards
* Legislation
* Certification of r/e brokers and valuers

HREA is a civil professional registered Association operating according to the principles established in its statues. Its supreme body is a General Assembly.

An Ordinary General Meeting takes place at least once a year.

During the period between two sessions of the General Assembly the Association is governed by the Board consisting of 9 members. The Board organizes regular meetings at least once per month solving actual matters of the Association.

The daily activities are carried out by the Secretariat.

Five committees (Legal, Auditing, Professional, Educational, Ethical) and 4 subcommittees (real estate agents, valuers, developers and managers) help the professional activity of the Association.

Any body corporate or individual acting in real estate market, provided with legal licenses, who accepts the Statutes and Ethical rules of HREA, whose activity is covered with professional liability insurance, and undertakes to pay membership fee can apply for membership.

Membership includes:
* valuers
* real estate agents
* real estate developers
* real estate managers

* Guiding Tariffs of Real Estate Valuation Activity
* Guiding Service Tariffs of Real Estate Agents
* Guiding for caring out valuations