①A Real Estate Broker must deposit a security deposit for operations with the official depository located nearest to its principal business office.

②The amount of security deposit for operations as provided for in the preceding paragraph is to be an amount as specified by Cabinet Order upon taking into account the conditions of transactions carried out by the Real Estate Broker and the protection of the interests of parties with whom the Real Estate Broker is engaged in transactions for the principal business office and other business offices on an office-by-office basis.

③Government bond certificates, local bond certificates, and other negotiable security certificates as specified by an Ordinance of the Ministry of Land, Infrastructure, Transport and Tourism (including transfer bonds as prescribed in Article 278, paragraph (1) of the Act on Book-Entry Transfer of Company Bonds, Shares (Act No. 75 of 2001)) may, pursuant to the provisions of an Ordinance of the Ministry of Land, Infrastructure, Transport and Tourism, be allocated to the security deposit for operations as provided for in paragraph (1).

④If a Real Estate Broker deposits a security deposit for operations, the Real Estate Broker must attach a copy of the documents of a deposit in which the acceptance of the deposit is stated, and provide notification of the fact thereof to the Minister of Land, Infrastructure, Transport and Tourism or prefectural governor from whom the license was obtained.

⑤A Real Estate Broker is not to commence its business unless a notification under paragraph (4) has been made.

⑥If a Real Estate Broker does not provide a notification under paragraph (4) within three months of the date on which a license as provided for in Article 3, paragraph (1) is granted, the Minister of Land, Infrastructure, Transport and Tourism or prefectural governor must provide notice of the fact that said notification should be made.

⑦If a Real Estate Broker does not provide a notification under paragraph (4) within one month of the date on which the notice as provided for in the preceding paragraph is arrived, the Minister of Land, Infrastructure, Transport and Tourism or prefectural governor may rescind the license thereof.

⑧If a Cabinet Order is to be enacted, revised, or abolished based on the provisions of paragraph (2), required transitional measures (including measures required for the supervision of transitional measures) concerning additional deposits and the recovery of a security deposit for operations may be specified by said Cabinet Order.

①If a Real Estate Broker establishes a new business office after the commencement of business (such as where a business office is expanded in a case falling under any of the items listed in Article 7, paragraph (1)), the Real Estate Broker must deposit a security deposit for operations in the amount as specified by Cabinet Order under paragraph (2) of the preceding article for said business office.

②The provisions of paragraph (1) and paragraphs (3) through (5) of the preceding article apply mutatis mutandis to a case in which a deposit is made pursuant to the provisions of the preceding paragraph.

①A person engaged in a transaction in connection with Real Estate Brokerage with a Real Estate Broker (excluding a person who is a Real Estate Broker) has the right to receive a payment of a claim on the security deposit for operations deposited by the Real Estate Broker in connection with a claim arising from said transaction.

②Any matters required in connection with the exercising of the right as provided for in the preceding paragraph are as specified by an Ordinance of the Ministry of Justice and an Ordinance of the Ministry of Land, Infrastructure, Transport and Tourism.

①If the security deposit for operations falls short of the amount as specified by Cabinet Order under Article 25, paragraph (2), as a result of a person exercising their right as provided for in paragraph (1) of the preceding article of said right, a Real Estate Broker must deposit the amount of said shortfall within two weeks of the date as specified by an Ordinance of the Ministry of Justice and an Ordinance of the Ministry of Land, Infrastructure, Transport and Tourism.

②If a Real Estate Broker deposits a security deposit for operations pursuant to the provisions of the preceding paragraph, the Real Estate Broker must attach a copy of the documents of the deposit, in which the acceptance of the deposit is stated and provide a notification of the fact thereof to the Minister of Land, Infrastructure, Transport and Tourism or prefectural governor from whom its license was obtained within two weeks.

③The provisions of Article 25, paragraph (3), apply mutatis mutandis to a case in which a deposit is made pursuant to the provisions of paragraph (1).

①If the nearest official depository is changed as a result of the relocation of the principal office of a Real Estate Broker, the Real Estate Broker if a security deposit for operations has been deposited with cash only, must pay costs in advance and submit a request for the transfer of the security deposit for operations to the official depository located nearest to its relocated principal business office to the deposit office to which the security deposit for operations was deposited without delay pursuant to the provisions of an Ordinance of the Ministry of Justice and an Ordinance of the Ministry of Land, Infrastructure, Transport and Tourism or, in any other case, newly deposit the security deposit for operations with the official depository located nearest to its relocated principal business office without delay.

②The provisions of Article 25, paragraphs (2) and (3), apply mutatis mutandis to a case in which a deposit is made pursuant to the provisions of the preceding paragraph.

①If the period of validity as provided for in Article 3, paragraph (2) (including, in a case as prescribed in paragraph (4) of the same article, the term that is deemed to be still in effect pursuant to the provisions of the same paragraph; the same applies in Article 76) expires; a license ceases to be effective pursuant to the provisions of Article 11, paragraph (2); circumstances come to fall under paragraph (1), item (i) or (ii) of the same article; or a license is rescinded pursuant to the provisions of Article 25, paragraph (7); Article 66; or Article 67, paragraph (1), a Real Estate Broker or the successor thereof (excluding any person deemed to be a Real Estate Broker pursuant to the provisions of Article 76) may recover the security deposit for operations deposited by the person constituting said Real Estate Broker. The same apply to the amount by which the security deposit for operations exceeds the amount as specified by Cabinet Order as provided for in Article 25, paragraph (2), where that Real Estate Broker eliminates some business offices as well as to the excess security deposit for operations deposited to the official depository located nearest to the principal business office of that Real Estate Broker prior to its relocation where said security deposit for operations was deposited thereby pursuant to the provisions of paragraph (1) of the preceding article.

②The security deposit for operations as provided for in the preceding paragraph (excluding the recovery of a security deposit for operations deposited with the official depository located nearest to the principal business office prior to relocation where said security deposit for operations was deposited pursuant to the provisions of paragraph (1) of the preceding article) cannot be recovered unless a public notice calls upon persons who have the right, as provided for in Article 27, paragraph (1), with respect to said security deposit for operations to make a notification within a fixed period of no less than six months is made and said notification is not made within said period. Provided, however, that this does not apply upon the passage of ten years since the occurrence of grounds for enabling the recovery of security deposit for operations.

③The public notice as provided for in the preceding paragraph and other matters required in connection with the recovery of a security deposit for operations are to be as specified by an Ordinance of the Ministry of Justice and an Ordinance of the Ministry of Land, Infrastructure, Transport and Tourism.