적정가격의 개념 재정립

Abstract

The Real Estate Price Disclosure Scheme was introduced in 1989 to correct the inherent incompleteness in the real estate market and protect people’s property rights by investigating, appraising and then disclosing real estate values at the national level. This Scheme introduced the “Just Price” as the benchmark real estate value and has been maintained for more than 30 years since its implementation. Depending on what the just price means, it has a significant effect on maintaining the consistency of the reasoning inherent in the Scheme and protecting people’s property rights; therefore, we should be careful in reviewing the meaning of the just price. While examining whether it is identical to the market value through the interpretation of the term, it was found to be fundamentally of the same concept, only using a few different expressions. However, the policy-orientated nature of the just price is confirmed as a result of examining the changes in the underlying laws, regulations of each disclosed value, the legal nature and utilization of the disclosed value, and the appraisal procedure. Therefore, it could be concluded that the just price corresponds to a value other than the market value. By changing the definition of the just price, the consistency of the reasoning within the Scheme can be improved but it will most likely not have a significant impact on the legal protection of the people. Therefore, it is necessary to review the overall Scheme and prepare more effective improvement measures.