The FNP proposed measures to protect the secondary market from challenging transactions.
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- The FNP proposed measures to protect the secondary market from challenging transactions.
At the initiative of the Federal Notary Chamber (FNP), a package of legislative amendments has been proposed, the key of which is the principle of irrevocability of entries in the Unified State Register of Real Estate (USRN).
"In this case, a bona fide acquirer receives a guarantee that no one has the right to simply revoke his ownership right," the initiative emphasizes.
This means that the record of the transfer of ownership will become indisputable after it is entered into the registry.
Such a "reinforced concrete" record is possible only if the transaction is notarized.
An entry in the Unified State Register of Legal Entities can become "reinforced concrete" only if it is a notarized transaction where a notary is responsible for all legal checks and nuances," the proposal says.
The notary not only conducts a comprehensive audit, but also bears full financial responsibility for errors, providing compensation to the affected parties.
As Izvestia was informed in the chamber, the problem, which worsened by the end of 2025, has a clear scenario: after completing a seemingly clean transaction, the elderly seller demands to invalidate it through the court, citing a lack of understanding of his actions or pressure from fraudsters. The courts often side with him, obliging him to return the apartment. A conscientious buyer is left without a home, and without millions.
According to experts, no preventive measure guarantees protection: no certificates from medical institutions, no video recordings of conversations, no legal expertise, or even notarization of the transaction. A striking example is the decision of the Kirovsky District Court of St. Petersburg, where the apartment was returned to the seller, despite her passing a psychological examination with a positive conclusion and payment through a letter of credit.
Another measure that can "calm" the market may be the introduction of a "cooling-off period" for real estate transactions.
The measures proposed by the FNP are aimed at restoring confidence in the real estate market and putting an end to the practice in which conscientious citizens unreasonably incur multimillion-dollar losses, the chamber concluded.
Read more about the draft mechanism for the protection of bona fide buyers in the Izvestia article.
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