The Public Authority for Real Estate with the participation of the relevant government agencies during the month of March carried out 16 joint monitoring tours, which included visiting 173 real estate establishments in a number of regions of the Kingdom, with the aim of ensuring compliance with real estate legislation in general and real estate brokerage system in particular, in addition to the competence of the participating government agencies.Net.sa/68413/">Real Estate Brokerage System in particular, in addition to what is related to the jurisdiction of the participating government agencies.
The Authority explained that field work is one of the tracks it is working on to regulate <a href="https://amlak.net.During the same period, its supervisory teams carried out 10147 field audits on billboards and real estate offices, which resulted in the detection of a number of violations represented in the practice of real estate brokerage or real estate services without obtaining a valid license, failure to exercise due diligence to verify the validity of the information obtained from the owner of the property or the owner of the benefit, and failure to indicate the name of the licensee or the license number. The Authority also received 1045 real estate reports through its various channels that were dealt with and processed, while the number of electronic scans reached more than 15906 operations, as the “Authority” adopts electronic monitoring that targets digital channels and real estate platforms to verify the regularity of advertisements and digital real estate brokerage practices in accordance with the laws and regulations.The General Authority for Real Estate called on all brokers and real estate service providers to comply with the rules and provisions of the real estate brokerage system, and to see the violations to avoid penalties that include warning, suspension or revocation of the license or financial fines of up to 200 thousand riyals. The Authority also invited citizens and residents to submit their reports in case of suspicion of real estate violations or real estate fraud through the response path for reports through the official platform of the Authority or call (199011) for real estate inquiries.
The Authority explained that field work is one of the tracks it is working on to regulate <a href="https://amlak.net.During the same period, its supervisory teams carried out 10147 field audits on billboards and real estate offices, which resulted in the detection of a number of violations represented in the practice of real estate brokerage or real estate services without obtaining a valid license, failure to exercise due diligence to verify the validity of the information obtained from the owner of the property or the owner of the benefit, and failure to indicate the name of the licensee or the license number. The Authority also received 1045 real estate reports through its various channels that were dealt with and processed, while the number of electronic scans reached more than 15906 operations, as the “Authority” adopts electronic monitoring that targets digital channels and real estate platforms to verify the regularity of advertisements and digital real estate brokerage practices in accordance with the laws and regulations.The General Authority for Real Estate called on all brokers and real estate service providers to comply with the rules and provisions of the real estate brokerage system, and to see the violations to avoid penalties that include warning, suspension or revocation of the license or financial fines of up to 200 thousand riyals. The Authority also invited citizens and residents to submit their reports in case of suspicion of real estate violations or real estate fraud through the response path for reports through the official platform of the Authority or call (199011) for real estate inquiries.
