First of all, we should know that the so-called "recognition" is a real estate marketing tool. Subscription refers to any form of "subscription", "internal subscription" and "VIP lottery", which is an illegal act of real estate developers before obtaining the "Pre-sale Permit".
Consumers will get a VIP card, VIP passport, VIP spending card or subscription card and other "certificates" after filling in personal information with the developer and paying a large sum of "sincerity money". Only after obtaining these "certificates" can consumers qualify for "recognition". However, the number of consumers who are often qualified to "recognize" will far exceed the number of houses actually launched by the real estate.
In the case that the number of "approved" houses exceeds the actual number of saleable houses, developers generally take the form of "drawing lots" to select people who can choose houses from the "approved" consumers. After that, the selected person will choose the house number and pay the down payment, sign the subscription book or pre-sale contract, and sign the subscription contract with the developer after picking the house number. Then sign the "Pre-sale Contract" or "Real Estate Sales Contract".
Let's understand the word "subscription" again. To put it simply, subscription means that the developer promises not to sell the house to a third person except the subscriber within a certain period of time, and the subscriber promises to negotiate with the developer on the purchase of the house according to the terms agreed in the agreement during this period. The main feature of this subscription behavior is that buyers and sellers agree to negotiate the future contract, rather than finally sign it. The house subscription agreement is an appointment. If one party fails to perform, it will bear the liability for breach of contract, and the other party can claim compensation for breach of contract. This has strengthened the protection of the legitimate rights and interests of property buyers to a certain extent.