①If an application has been submitted by a person who satisfies the conditions as listed below, who has a proper plan concerning all of operations as listed in the items of paragraph (1) of the following article, and who is deemed to be capable of reliably carrying out said duties, the Minister of Land, Infrastructure, Transport and Tourism may designate said person as a person carrying out operations as listed in the items of the same paragraph pursuant to the provisions of this Chapter:

②If the Minister of Land, Infrastructure, Transport and Tourism carries out a designation under the preceding paragraph, said minister must issue a public notice through the Official Gazette of the name, address, and location of the business office of the Real Estate Transaction Guarantee Association and the date for the commencement of repayment services as designated by the Minister of Land, Infrastructure, Transport and Tourism pursuant to the provisions of Article 64-8, paragraph (1), and provide a notification of the fact that the Real Estate Broker is a Real Estate Transaction Guarantee Association member thereof to the prefectural governor from whom said Real Estate Broker obtained a license.

③If a Real Estate Transaction Guarantee Association intends to change its name or address or the location of its business office, it must provide a notification of the fact thereof to the Minister of Land, Infrastructure, Transport and Tourism in advance.

④If a notification under the preceding paragraph is submitted, the Minister of Land, Infrastructure, Transport and Tourism must issue a public notification of the fact thereof through the Official Gazette.

⑤Any matters required in connection with an application for designation as provided for in paragraph (1) is as specified by an Ordinance of the Ministry of Land, Infrastructure, Transport and Tourism.

①A Real Estate Transaction Guarantee Association must properly and reliably carry out operations as listed in the following items pursuant to the provisions of this Chapter:

②In addition to operations as provided for in the preceding paragraph, a Real Estate Transaction Guarantee Association may carry out the following operations:

③In addition to operations as prescribed in the preceding two paragraphs, a Real Estate Transaction Guarantee Association may, upon obtaining the approval of the Minister of Land, Infrastructure, Transport and Tourism, carry out operations required to promote the sound development of the Real Estate Brokerage.

④A Real Estate Transaction Guarantee Association may, pursuant to the provisions of an Ordinance of the Ministry of Land, Infrastructure, Transport and Tourism and upon obtaining the approval of the Minister of Land, Infrastructure, Transport and Tourism, entrust the operations thereof in part to another party.

①A person constituting a member of a given Real Estate Transaction Guarantee Association may not become a member of another Real Estate Transaction Guarantee Association.

②If a new member joins a Real Estate Transaction Guarantee Association or forfeits its status as a member thereof, the Real Estate Transaction Guarantee Association must promptly submit a report on the fact thereof to the Minister of Land, Infrastructure, Transport and Tourism or prefectural governor from whom the Real Estate Broker constituting said member obtained its license.

③If it is deemed that repayment under Article 64-8, paragraph (1), in connection with claims held by persons carrying out transactions relating to the Real Estate Brokerage with a member before said member became a member (or before the date for the commencement of said Repayment Services for a person who became a member before the date for the commencement of Repayment Services as designated by the Minister of Land, Infrastructure, Transport and Tourism pursuant to the same paragraph) could impede the smooth operations of Repayment Services, a Real Estate Transaction Guarantee Association may submit a request for the provision of collateral to said member.

①If requested to resolve a complaint relating to a member-handled transaction pertaining to the Real Estate Brokerage as received from a Real Estate Brokerage Transaction Business Operation Counterparty, a Real Estate Transaction Guarantee Association must, in response thereto, provide necessary advice to the requesting party, investigate the circumstances pertaining to said complaint, notify the contents of said complaint to said member, and submit a request to said member for the prompt processing thereof.

②If a Real Estate Transaction Guarantee Association deems it necessary to resolve a complaint pertaining to a request as provided for in the preceding paragraph, it may submit a request to said member to provide a written or oral explanation or submit materials.

③A member is not to refuse accommodation for a request under the preceding paragraph that is received from a Real Estate Transaction Guarantee Association unless there are justifiable grounds for doing so.

④A Real Estate Transaction Guarantee Association must disseminate any request as provided for in paragraph (1) and the results of the resolution thereof to its members.

A Real Estate Transaction Guarantee Association must prescribe a certain program and provide training relating to the knowledge and skills required in connection with the duties of real estate transaction specialists and other training relating to the Real Estate Brokerage to persons engaging or intending to engage in Real Estate Brokerage operations.

①If a Real Estate Transaction Guarantee Association receives payment of a share of the security deposit for Repayment Services pursuant to the provisions of Article 64-9, paragraph (1) or (2), it must deposit a security deposit for Repayment Services equivalent to the received amount of said payment within one week of the date thereof.

②Security deposits for Repayment Services must be deposited with the official depository as prescribed by the Minister of Justice and the Minister of Land, Infrastructure, Transport and Tourism.

③The provisions of Article 25, paragraphs (3) and (4), are to apply mutatis mutandis to a case in which a deposit pursuant to the provisions of paragraph (1) is made. In such a case, "of the fact thereof to the Minister of Land, Infrastructure, Transport and Tourism or prefectural governor from whom its license was obtained" as referred to in paragraph (4) of the same article is to be read as "to the Minister of Land, Infrastructure, Transport and Tourism or prefectural governor from whom the Real Estate Broker constituting a member pertaining to said deposit obtained its license, of the fact that a deposit pertaining to said member was made".

①A person who carries out a transaction in connection with the Real Estate Brokerage with a member of a Real Estate Transaction Guarantee Association (including a person who carries out a transaction with a member in connection with the Real Estate Brokerage before that person became a member, and excluding a person who is a Real Estate Broker) possesses the right to receive, on or after the date for the commencement of Repayment Services as designated by the Minister of Land, Infrastructure, Transport and Tourism for said Real Estate Transaction Guarantee Association, repayment of security deposit for Repayment Services as deposited by said Real Estate Transaction Guarantee Association up to an amount that is equivalent to the amount of security deposit for operations as specified by Cabinet Order as provided for in Article 25, paragraph (2), that would be required to be deposited by said member if it were not a member (for said member, if there is an amount that has already been certified pursuant to the provisions of the following paragraph, up to an amount of said net amount; if there is a refund appropriation for which payment has been received pursuant to the provisions of Article 64-10, paragraph (2), up to an amount to which said amount has been added).

②If a person possessing the right as provided for in the preceding paragraph intends to exercise said right, the amount for which repayment can be obtained pursuant to the provisions of the preceding paragraph must be certified by said Real Estate Transaction Guarantee Association.

③If the right as provided for in paragraph (1) is exercised, a Real Estate Transaction Guarantee Association must, within two weeks of the date as specified by an Ordinance of the Ministry of Justice and Ordinance of the Ministry of Land, Infrastructure, Transport and Tourism, deposit security deposit for Repayment Services of an amount equivalent to the amount of the security deposit for Repayment Services refunded through the exercise of said right.

④The provisions of paragraph (3) of the preceding article are to be applied mutatis mutandis to any case in which a deposit is made pursuant to the provisions of the preceding paragraph.

⑤Matters required in connection with the exercise of the right as provided for in paragraph (1) 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 and matters required in connection with certification as provided for in paragraph (2) are to be as specified by an Ordinance of the Ministry of Land, Infrastructure, Transport and Tourism.

①A person as listed in either of the following items must pay a share of the security deposit for Repayment Services of an amount as specified by Cabinet Order for the principal business office and other business offices on an office-by-office basis in order for it to be allocated to the security deposit for Repayment Services by the corresponding date as listed in said item to said Real Estate Transaction Guarantee Association:

②If a member of a Real Estate Transaction Guarantee Association establishes a new business office after paying a share of the security deposit for Repayment Services under the preceding paragraph (such where, a business office has been expanded in a case falling under any of the items in Article 7, paragraph (1)), said member must pay a share of the security deposit for Repayment Services of an amount as specified by Cabinet Order as provided for in the same paragraph to said Real Estate Transaction Guarantee Association within two weeks of the date thereof.

③A member of a Real Estate Transaction Guarantee Association is to forfeit its status if it fails to pay, by the date as prescribed in paragraph (1), item (ii), or by the end of the period as prescribed in the preceding paragraph, the share of the security deposit for Repayment Services under said provisions.

④If a Cabinet Order is to be enacted, revised, or abolished based on the provisions of paragraph (1), required transitional measures (including measures required for the supervision of transitional measures) concerning the depositing of additional security deposit for Repayment Services and the additional payment of a share of the security deposit for Repayment Services or the recovery of security deposit for Repayment Services and the refunding of a share of the security deposit for Repayment Services may be specified by said Cabinet Order.

①If a refund of security deposit for Repayment Services has been made through the exercise of the right as provided for in Article 64-8, paragraph (1), a Real Estate Transaction Guarantee Association must provide a notification of the fact that a refund appropriation of an amount equivalent to said refund amount should be paid to the Real Estate Transaction Guarantee Association to the member or person constituting a former member pertaining to said refund.

②A member or person constituting a former member to which a notification as provided for in the preceding paragraph has been provided, must pay a refund appropriation of the notified amount to said Real Estate Transaction Guarantee Association within two weeks of the date on which said notification was received.

③If a member of a Real Estate Transaction Guarantee Association fails to pay a refund appropriation as provided for in paragraph (1) by the end of the period as prescribed in the preceding paragraph, said member forfeits its status.

①A Real Estate Transaction Guarantee Association may, if a member loses its status as a member, recover the security deposit for Repayment Services of an amount equivalent to the share of the security deposit for Repayment Services paid pursuant to the provisions of Article 64-9, paragraphs (1) and (2) by said person constituting a former member and, if the amount of the share of the security deposit for Repayment Services for a member paid pursuant to the provisions of paragraphs (1) and (2) of the same article comes to exceed the amount as specified by Cabinet Order as provided for in paragraph (1) of the same article owing to the elimination by said member of some business offices of said member, recover the security deposit for Repayment Services of an amount equivalent to said amount in excess.

②If security deposit for Repayment Services is recovered pursuant to the provisions of the preceding paragraph, a Real Estate Transaction Guarantee Association is to refund a share of the security deposit for Repayment Services of an amount equivalent to said recovered amount to said person formerly constituting a member or member.

③In a case referred to in the preceding paragraph, a share of the security deposit for Repayment Services as provided for in the preceding paragraph is to be refunded, if said member forfeits its status as a member, after the passage of the period prescribed in the following paragraph; if a Real Estate Transaction Guarantee Association holds a claim against said person formerly constituting a member or member, after repayment in connection with said claim is completed; and if certification under Article 64-8, paragraph (2), in connection with said person formerly constituting a member or member is carried out by a Real Estate Transaction Guarantee Association, after repayment in connection with a claim for refund appropriation as provided for in paragraph (1) of the preceding Article pertaining to said certified amount is completed.

④If a member loses status as a member , a Real Estate Transaction Guarantee Association must provide a public notice to a person possessing a right as provided for in Article 64-8, paragraph (1), in connection with a claim arising from a transaction relating to the Real Estate Brokerage pertaining to said person formerly constituting a member of the fact that a request to receive a certification under paragraph (2) of the same article should be made within a fixed period of not less than six months.

⑤A Real Estate Transaction Guarantee Association may not carry out a certification under Article 64-8, paragraph (2), concerning a claim as provided for in the preceding paragraph for which no request is made within a period as prescribed in the same paragraph.

⑥The provisions of Article 30, paragraph (3), apply mutatis mutandis to any case in which a security deposit for Repayment Services is recovered pursuant to the provisions of paragraph (1).

①A Real Estate Transaction Guarantee Association must accumulate a reserve for a security deposit for Repayment Services to be allocated for the depositing of a security deposit for Repayment Services when no payment of a refund appropriation is made where a security deposit for Repayment Services is to be deposited pursuant to the provisions of Article 64-8, paragraph (3).

②A Real Estate Transaction Guarantee Association must transfer interest or dividends arising from a security deposit for Repayment Services (including negotiable securities deposited pursuant to the provisions of Article 25, paragraph (3), as applied mutatis mutandis pursuant to Article 64-7, paragraph (3), and Article 64-8, paragraph (4)) to a reserve for a security deposit for Repayment Services.

③If a Real Estate Transaction Guarantee Association still falls short after allocating a reserve for a security deposit for Repayment Services as provided for in paragraph (1) to the depositing of a security deposit for Repayment Services pursuant to the provisions of Article 64-8, paragraph (3), the Real Estate Transaction Guarantee Association must provide a notification to each member of the fact that a special share of a security deposit for Repayment Services should be paid to the Real Estate Transaction Guarantee Association according to the amount of the share of security deposit for Repayment Services as specified by Cabinet Order as provided for in Article 64-9, paragraph (1), pertaining to said person.

④A member to which a notification as provided for in the preceding paragraph has been provided must pay a special share of the security deposit for Repayment Services of an amount as notified accordingly to said Real Estate Transaction Guarantee Association within one month of the date on which said notification was obtained.

⑤The provisions of Article 64-10, paragraph (3), apply mutatis mutandis to the preceding paragraph.

⑥If a Real Estate Transaction Guarantee Association, after allocating a reserve for security deposit for Repayment Services to the depositing of a security deposit for Repayment Services under Article 64-8, paragraph (3), receives a payment of a refund appropriation pertaining to said depositing of a security deposit for Repayment Services pursuant to the provisions of Article 64-10, paragraph (2), the Real Estate Transaction Guarantee Association must transfer said refund appropriation to the reserve for a security deposit to Repayment Services.

⑦If the amount of reserve of a security deposit for Repayment Services comes to exceed the amount as specified by an Ordinance of the Ministry of Land, Infrastructure, Transport and Tourism, a Real Estate Transaction Guarantee Association may, upon obtaining the approval of the Minister of Land, Infrastructure, Transport and Tourism, reduce the reserve for a security deposit for Repayment Services by said amount in excess for allocation to expenses incurred for operations as prescribed in Article 64-3, paragraphs (1) through (3), or for contribution to undertaking that promote the sound development of the Real Estate Brokerage.

A member of a Real Estate Transaction Guarantee Association, on or after the date for the commencement of Repayment Services as designated by the Minister of Land, Infrastructure, Transport and Tourism pursuant to the provisions of Article 64-8, paragraph (1), is not required to deposit a security deposit for operations to be deposited by a Real Estate Broker.

①If a Real Estate Broker is no longer required to deposit a security deposit for operations pursuant to the provisions of the preceding article, the Real Estate Broker may recover the security deposit for operations that it has already deposited.

②The provisions of Article 30, paragraph (3), are to apply mutatis mutandis to any case in which a security deposit for operations is recovered pursuant to the provisions of the preceding paragraph.

If a Real Estate Broker forfeits its status as a member of a Real Estate Transaction Guarantee Association on or after the date for the commencement of Repayment Services as designated by the Minister of Land, Infrastructure, Transport and Tourism pursuant to the provisions of Article 64-8, paragraph (1), the Real Estate Broker must deposit a security deposit for operations pursuant to the provisions of Article 25, paragraphs (1) through (3), within one week of the date of said forfeiture of status. The provisions of paragraph (4) of the same article apply to such a case.

①A Real Estate Transaction Guarantee Association must, prior to the commencement of each business year (or, for the business year in which falls on the date which a designation under Article 64-2, paragraph (1), was obtained, promptly upon obtaining said designation), prepare a business plan in which revenue and expenditure estimates and other matters as specified by an Ordinance of the Ministry of Land, Infrastructure, Transport and Tourism are stated and have it approved by the Minister of Land, Infrastructure, Transport and Tourism. The same applies when a Real Estate Transaction Guarantee Association intends to revise said business plan.

②A Real Estate Transaction Guarantee Association must, for each business year, prepare a business report according to a format as specified by an Ordinance of the Ministry of Land, Infrastructure, Transport and Tourism and submit it to the Minister of Land, Infrastructure, Transport and Tourism within three months after the end of each business year.

①When engaging in General Guarantee Operations, a Real Estate Transaction Guarantee Association must, pursuant to the provisions of an Ordinance of the Ministry of Land, Infrastructure, Transport and Tourism, obtain the approval of the Minister of Land, Infrastructure, Transport and Tourism in advance.

②If a Real Estate Transaction Guarantee Association has discontinued General Guarantee Operations, the Real Estate Transaction Guarantee Association must provide a notification of the fact thereof to the Minister of Land, Infrastructure, Transport and Tourism.

③The provisions of Articles 57 through 60 apply mutatis mutandis to a Real Estate Transaction Guarantee Association that engages in General Guarantee Operations. In such a case, "Cabinet Order" as referred to in Article 60 is read as "an Ordinance of the Ministry of Land, Infrastructure, Transport and Tourism."

①When engaging in an Earnest Money Safekeeping Business, a Real Estate Transaction Guarantee Association must set forth a statement of business procedures and, as specified by an Ordinance of the Ministry of Land, Infrastructure, Transport and Tourism, have it approved by the Minister of Land, Infrastructure, Transport and Tourism in advance.

②If a Real Estate Transaction Guarantee Association obtains approval for an Earnest Money Safekeeping Business as provided for in the preceding paragraph, it is deemed to have obtained a designation as provided for in Article 41-2, paragraph (1), item (i). In such a case, the provisions of Articles 63-3 and 64 is not to apply, "Article 51, paragraph (3), item (i) as applied mutatis mutandis pursuant to paragraph (2) of the preceding article" as referred to in Article 63-4 is to be read as "Article 64-17-2, paragraph (1)", and the provisions of the same paragraph apply.

③If a Real Estate Transaction Guarantee Association has discontinued an Earnest Money Safekeeping Business, the Real Estate Transaction Guarantee Association must provide a notification of the fact thereof to the Minister of Land, Infrastructure, Transport and Tourism. In such a case, the approval as provided for in paragraph (1) ceases to be effective upon the provision of said notification.

The provisions of Article 63-2 apply mutatis mutandis to a Real Estate Transaction Guarantee Association. In such a case, "Earnest Money Guarantee Business" as referred to in paragraph (1) of the same article is read as "the operations of a Real Estate Transaction Guarantee Association."

No appointment or dismissal of an officer of a Real Estate Transaction Guarantee Association or resolution for the dissolution of a Real Estate Transaction Guarantee Association will take effect unless approved by the Minister of Land, Infrastructure, Transport and Tourism.

If the Minister of Land, Infrastructure, Transport and Tourism deems it necessary for the enforcement of the provisions of this Chapter, said minister may order a Real Estate Transaction Guarantee Association to take measures required for the amelioration of the status of property or the operations of the business thereof to the extent of the necessity thereof.

If an officer of a Real Estate Transaction Guarantee Association contravenes this Act, an order or disposition based on this Act or the incumbency thereof which causes said Real Estate Transaction Guarantee Association to no longer conform to conditions as listed in Article 64-2, paragraph (1), item (iv), the Minister of Land, Infrastructure, Transport and Tourism may order said Real Estate Transaction Guarantee Association to dismiss said officer.

①If a Real Estate Transaction Guarantee Association falls under any of the following items, the Minister of Land, Infrastructure, Transport and Tourism may rescind the designation under Article 64-2, paragraph (1) of said Real Estate Transaction Guarantee Association:

②If a Minister of Land, Infrastructure, Transport and Tourism rescinds a designation under Article 64-2, paragraph (1), or a Real Estate Transaction Guarantee Association is subject to dissolution, the Minister of Land, Infrastructure, Transport and Tourism must issue a public notification of the fact thereof through the Official Gazette.

③The provisions of Article 16-15, paragraphs (3) through (5), apply mutatis mutandis to any hearing that pertains to a disposition under paragraph (1).

If a Real Estate Transaction Guarantee Association is subject to a rescission of designation under Article 64-2, paragraph (1), or dissolution, a Real Estate Transaction Guarantee Association constituting a former member of said Real Estate Transaction Guarantee Association must deposit a security deposit for operations pursuant to the provisions of Article 25, paragraphs (1) through (3) within two weeks of the date of the public notification under paragraph (2) of the preceding article. In such a case, the provisions of paragraph (4) of the same article apply.

①A Real Estate Transaction Guarantee Association subject to a rescission of designation under Article 64-2, paragraph (1), or dissolution (hereinafter referred to in this article and the following Article as "Ex-Association") must, within one week of the date of public notification under Article 64-22, paragraph (2), provide a public notice to a person possessing a right as provided for in Article 64-8, paragraph (1), in connection with a claim arising from a transaction relating to the Real Estate Brokerage pertaining to a Real Estate Broker constituting a former member as of the date of the rescission of designation or dissolution of the fact that a request to receive a certification under paragraph (2) of the same article should be made within a fixed period of not less than six months.

②An Ex-Association is to carry out certification processes under Article 64-8, paragraph (2), for claims as prescribed in the same paragraph for which a request was made within a period as prescribed in said public notice after providing a public notice under the preceding paragraph,

③If an Ex-Association receives a request to obtain a certification under Article 64-8, paragraph (2), within a period as prescribed in the public notice as provided for in paragraph (1) and completes the processes pertaining to certification as prescribed in the same paragraph, said Ex-Association may recover the security deposits for Repayment Services of an amount equivalent to the security deposits for Repayment Services that has been deposited as of that time net of the total amount certified pursuant to the provisions of the same paragraph by that time for which the right as provided for in paragraph (1) of the same article has not been exercised.

④If an Ex-Association receives a request to obtain a certification under Article 64-8, paragraph (2), within a period as prescribed in the public notice as provided for in paragraph (1), said Ex-Association may recover a security deposit for Repayment Services that has been deposited. Provided, however, that this does not apply to security deposits for Repayment Services of an amount equivalent to the total amount certified pursuant to the provisions of the same paragraph for which the right as provided for in paragraph (1) of the same article has not been exercised.

⑤An Ex-Association may recover a security deposit for Repayment Services pertaining to an amount certified pursuant to the provisions of Article 64-8, paragraph (2), or the provisions of paragraph (2) for which the right as provided for in Article 64-8, paragraph (1), has not been exercised at any time between the date of the public notification under Article 64-22, paragraph (2), and the date on which ten years is to have passed thereafter.

⑥The provisions of Article 30, paragraph (3), apply mutatis mutandis to the public notice under paragraph (1) and the recovery of a security deposit for Repayment Services under the preceding three paragraphs.

An Ex-Association is to, pursuant to the provisions of an Ordinance of the Ministry of Land, Infrastructure, Transport and Tourism, issue any security deposits for Repayment Services recovered pursuant to the provisions of paragraphs (3) through (5) of the preceding article and refund appropriation and reserve for security deposits for Repayment Services paid pursuant to the provisions of Article 64-10, paragraph (2), on or after the date on which it is subject to a rescission of designation under Article 64-2, paragraph (1), or dissolution (hereinafter referred to in this article as the "Date of Designation Rescission") (including a special share of security deposits for Repayment Services paid pursuant to the provisions of Article 64-12, paragraph (4), on or after the Date of Designation Rescission) to persons formerly constituting members as of the Date of Designation Rescission according to the share of the security deposit for Repayment Services as specified by Cabinet Order as provided for in Article 64-9, paragraph (1) pertaining to said persons.