“More Manager” Event: A Focus on GDPR Compliance in Real Estate

The “More Manager” event recently hosted an important discussion centered on the General Data Protection Regulation (GDPR) and its application within the real estate sector. This session was particularly significant for real estate agencies navigating the complexities of GDPR compliance.

The discussion provided in-depth insights into how real estate agencies, as personal data administrators, are adapting their practices to align with GDPR requirements. Key topics included the protocols for storing personal data, the legal frameworks governing data collection, and the differentiation of roles within agencies concerning data management.

A critical point of focus was the clarification that while real estate agencies are classified as personal data administrators, individual brokers and agents do not fall under this categorization. This distinction is crucial in understanding the responsibilities and legal obligations of different roles within the real estate industry.

The event also delved into the broader legal context, discussing the Civil Procedure Code (CPC), Personal Data Protection Act (PDPA), and the Personal Identification Security Protection Act (PISPA). These discussions highlighted the legal basis for collecting personal data in the industry and emphasized the importance of adhering to these regulations to ensure client trust and compliance.

One of the key takeaways from the event was the standard practice of storing personal data for up to 10 years, a guideline that aligns with legal requirements and industry standards. This timeframe reflects the careful balance between the need for data retention for business purposes and respecting individuals’ privacy rights.

DOT.WON Real Estate already implements all of the aforementioned practices in the handling of personal data for our clients, partners, and newsletter subscribers.

Overall, the “More Manager” event provided valuable guidance for real estate agencies, helping them navigate the GDPR landscape. It reinforced the importance of understanding and implementing robust data protection strategies, which are critical in maintaining client trust and adhering to legal standards in the evolving real estate market.