Prior to the completion of construction work relating to the development of a Building Lot or the construction of a building, a Real Estate Broker is not to conclude an agreement for the sale or exchange of the Building Lot or building pertaining to said construction work as a party thereto or as an agent of a party thereto or mediate for said sale or exchange unless such permission as provided for in Article 29, paragraph (1) or (2) of the Urban Planning Act, verification as provided for in Article 6, paragraph (1) of the Building Standards Act, or any other permission or disposition based on a law or regulation required in connection with said construction work that is as specified by Cabinet Order has been granted.

①A Real Estate Broker must, without delay, issue a document in which the matters as listed below are stated to the counterparty to an agreement in connection with the sale or exchange of a Building Lot or building if said agreement is concluded with the Real Estate Broker as a party thereto; to the counterparty to an agreement in connection with the sale or exchange of a Building Lot or building and the person requesting agency services if said agreement is concluded with the Real Estate Broker acting as an agent for a party thereto; or to each party to an agreement in connection with the sale or exchange of a Building Lot or building if said agreement is concluded through the mediation of the Real Estate Broker:

②A Real Estate Broker must issue a document in which the matters as listed below are stated to the counterparty to an agreement in connection with the loan of a Building Lot or building if said agreement is concluded with the Real Estate Broker acting as an agent for a party thereto; or to each party to an agreement in connection with the loan of a Building Lot or building if said agreement is concluded through the mediation of the Real Estate Broker:

③If a Real Estate Broker prepares a document that should be issued pursuant to the provisions of the preceding two paragraphs, the Real Estate Broker must have a real estate transaction specialist affix their name to said document.

④In lieu of the issuance of the document under the provisions of paragraph (1), a Real Estate Broker may, pursuant to the provisions of Cabinet Order and with the consent of the person specified in the applicable item according to the category of cases listed in the following items, provide the matters that are required to be stated in said document by electronic or magnetic means that is specified by Order of the Ministry of Land, Infrastructure, Transport and Tourism as a means by which measures are taken in lieu of the measures under the provisions of the preceding paragraph. In this case, said Real Estate Broker is deemed to have issued said document, and the provisions of that paragraph do not apply.

⑤In lieu of the issuance of the document under the provisions of paragraph (2), a Real Estate Broker may, pursuant to the provisions of Cabinet Order and with the consent of the person specified in the applicable item according to the category of cases listed in the following items, provide the matters that are required to be stated in said document by electronic or magnetic means that is specified by Order of the Ministry of Land, Infrastructure, Transport and Tourism as a means by which measures are taken in lieu of the measures under the provisions of paragraph (3). In this case, said Real Estate Broker is deemed to have issued said document, and the provisions of that paragraph do not apply.

①With respect to a sales agreement for a Building Lot or building for which a Real Estate Broker constitutes the seller, a person who makes a purchase offer on said Building Lot or building, or buyer who concludes a sales agreement at a business office of said Real Estate Broker or elsewhere as specified by an Ordinance of the Ministry of Land, Infrastructure, Transport and Tourism and Cabinet Office Ordinance (hereinafter referred to in this article as "Business Office, etc.") (excluding a buyer who makes a purchase offer at a Business Office and concludes a sales agreement at a location other than a Business Office) may revoke said purchase offer or cancel said sales agreement in writing (hereinafter referred to in this article as "Revocation of Offer, etc.") except in either of the following cases. In such a case, the Real Estate Broker may not demand payment of indemnification for damage or a penalty charge tied to a Revocation of Offer, etc.

②A Revocation of Offer, etc. is to take effect upon the issuance by the Offerer of a document as provided for in the first sentence of the preceding paragraph.

③If a Revocation of Offer, etc. is carried out, a Real Estate Broker must promptly refund the earnest money and other monetary amounts received at the time of the purchase offer or conclusion of sales agreement to the Offerer.

④Any special provision that contravenes any of the provisions of the preceding three paragraphs and is disadvantageous to the Offerer is hereby invalidated.

①Regarding the sales agreement for a Building Lot or building for which the Real Estate Broker constitutes the seller, on grounds of the non-fulfillment of obligations by a party governing the cost of liquidated damages or penalties for breach of agreement tied to the cancellation prescribed therein, the sum of said amount in said provision must not exceed two-tenths of the amount of the price of said Building Lot or building.

②The portion corresponding to any special provision that contravenes a provision of the preceding paragraph exceeding two-tenths of the amount of the price of said Building Lot or building is hereby invalidated.

①When a Real Estate Broker concludes a sales agreement for a Building Lot or building for which the Real Estate Broker constitutes the seller, the Real Estate Broker is not entitled to receive an earnest money of an amount exceeding two-tenths of the amount of the price of said Building Lot or building.

②If a Real Estate Broker receives an earnest money when concluding a sales agreement for a Building Lot or building for which the Real Estate Broker constitutes the seller, the buyer may forfeit said earnest money and said Real Estate Broker may actually tender double the amount thereof and thereby cancel the agreement, irrespective of the properties of said earnest money. Provided, however, that this is not to apply after the counterparty has commenced the performance of the agreement.

③Any special provision that contravenes a provision of the preceding paragraph and that is disadvantageous to the buyer is hereby invalidated.

①A Real Estate Broker is not to prescribe any special provisions in a sales agreement for a Building Lot or building for which the Real Estate Broker constitutes the seller in connection with the liability for warranting against nonconformity in the case where the subject matter thereof does not conform to the terms of the contract with regard to type or quality that, with the exception of special provisions setting forth a period as prescribed in Article 566 of the Civil Code (Act No. 89 of 1896) that is at least two years from the date of the delivery of the subject matter thereof, would be more disadvantageous to the buyer than provisions as prescribed in the same article.

②Any special provision that contravenes a provision of the preceding paragraph is hereby invalidated.