Study On The Regulation Of Interest Groups Behavior In The Real Estate Market.

The regulation of interest behavior in the real estate market is one of the subjects concerned in economic law. Economic law is the department law that reflects and realizes the government economic policy, and it reflects the function of protecting and maintaining the economic order of the macro whole or certain factor market.. The operation of any essential element in the market economy system should be in the order of the market development, and the economic law plays the role of maintaining the good order of the market.. The real estate market is an important part of the key elements of our country’s market economy, but at present the development condition of the control ability, stability, interaction and prediction of deviation, resulting in prices beyond the affordability of most people. In exclude the factors of the political and economic system, China’s real estate market in the interests of the main body of the power imbalance, is one of the focus in the origin of. Aiming at this problem, this paper tries applying the theory of economic law on the benefits of China’s real estate market analysis.Interest group refers to the organized combo that have common interests or goals and influence other organizations or public sectors decision-making by collective action in a society or a specific reform. Interest group can abstracts into three elements: common interest, systematization and collective action. Common interest is the premise of interest group, which is the basis of aggregation. Systematization is the guarantee of interest group forming and existing, which combines individuals to an action group. Collective action is the effect mechanism of interest group, through which interest group expresses and achieves the common interests.Delving into China’s real estate market, I believe that four interest groups—the real estate developers, the local authorities, the commercial banks, the consumers—are existing in current real estate market. Besides, the central government also acts as a powerful regulator persisting in market. The discrepancies between different subjects regarding causes, approaches, effects of the influences they have on the real estate market respectively due to the differing market statuses, has resulted in the confrontation between three privileged groups—the real estate developers, the local authorities, the commercial banks—and the other group of the central government and the consumers. To get rid of the situation, we have to analyze both the current status and the causes of real estate interest groups by using the economic law theory from the perspective of interest groups theory, followed by enacting regulative countermeasures accordingly. That is to say, we should regard the main subjects in markets as several distinctive interest groups, and take corresponding legal, administrative, economic measures to separate the three privileged groups in estate market, to force the local and central governments to support the consumers in confronting with the real estate developers premised on the compliance of the market law, and to guaranteed the neutrality of commercial banks. Therefore, a rough balance between vendors and vendees in this market could be achieved, creating a market environment full of fair and effective competition. By doing that, the disturbance brought by the real estate distortion to soc-economic situation and the individual’s route life could be weakened or eliminated, which would in turn make the real estate become the real driving force of China’s soc-economic progression.This paper inspects the problem existing in real estate market—multiple asymmetric position of interest group—through specification research, literature analysis, game theory and empirical analysis. Based on the reality and study status of regulating the interest groups in real estate market, a workable real estate control system can be built by analyzing the causes of the influences from interest groups on real estate and regulating interest groups from three layers—legislation, law enforcement and judicature. This paper is divided into four main parts:The first part is an overview of the legal regulation on real estate market from the perspective of the interest groups. Firstly, this part introduces and analyzes the concept of interest groups, and generalizes the concept of interest groups in line with China’s national conditions. Secondly, this part explores the legal basis of the regulation on the real estate market from the perspective of interest groups, which is conducted mainly through the relationship between state and market under the perspective of economic law, and the influences on real estate legislation, law enforcement and judicature given by the interests of the Group and its profit-driven behavior.The second part is about the survey on the status quo of the real estate market regulation under the theoretical perspectives of interest groups. Then, it analyzes the causes of current situation of the real estate market regulation under the theoretical perspectives of interest groups.The third part is about the status quo of the legal regulation of real estate market behavior of interest groups. Comparison is carried out from the following four aspects: the central and local government interests legal regulation under the competition and the contest, the central government and the real estate business in the market competing interests, commercial bank and central and consumers in the market competition, and the competing interests of interest groups and consumers in the market competing interests and competition.The fourth part is about the perfection of the legal regulation on real estate market under the theoretical perspectives of interest groups. To begin with, this part discusses the principles in real estate market and determines the appropriate ones meeting with the national demands. Afterwards, regulation on the interest groups from the economic legislation, law enforcement and judicature is illustrated in details, as to achieve the goals identified in this article.