부동산거래가격 공시제도에 관한 연구

In Korea, real estate transaction price disclosure system has been introduced since the first day of June in 2006. Since then, the real transaction price is shown on the real estate registration record. The "Principle of disclosure" includes disclosure of true real transaction price and the principle is realized by real estate registration. In order to enforce related people to disclose the true price on the real estate registration record, laws require administration office to verify whether the disclosed price is true transaction price. If there is any false disclosure of transaction price, the administration office give penalties to those who disclose untrue price. The penalties include fines and giving notices to tax authority. There are five functions or effects of real estate transaction price disclosure system. Firstly, the disclosed price protects just value of real estate ownership. Second, the disclosed price can be a indicator of transaction prices. Third, the disclosed price is presumed to be true price. Fourth, the disclosed price can be a benchmark of appropriate real estate price. Finally, the disclosed price is not guaranteed by Korean government. After real estate transaction price disclosure system was introduced, any policies for cooling down real estate market have disappeared, and polices for economic boom have been introduced. I would like to point out that this kind of unbalanced economic policies may cause unbalanced real estate ownership concentration and deepen the economic inequality of people. Enhancing the role of real estate appraisal can be one of the solutions.