Discussions about real estate brokerage in the Kingdom is no longer limited to being an activity that connects sellers and buyers; but has become one of the fundamental pillars of the real estate sector, having evolved from a traditional practice into a fully integrated professional system based on legislation, governance, and digital transformation. The Third Real Estate Brokerage Forum , which the General Real Estate Authority organizes annually, to underscore that direct dialogue with practitioners and listening to their views has become an integral part of the sector’s development journey.

The figures presented during the third edition of the forum reveal the scale of this transformation; the number of real estate brokerage licenses exceeded 117,000, while brokers concluded more than 1.1 million brokerage contracts, and the market recorded more than 13 million sales and lease transactions worth over 1.6 trillion riyals. These indicators confirm that real estate brokers have become a key link in all real estate transactions, and that the market’s success is tied to the efficiency and professionalism of this role.

Perhaps the most notable feature of the forum was its focus on the future of the profession, through discussions on the impact of the digital revolution and artificial intelligence, the promotion of knowledge sharing, and the building of professional partnerships that enhance the efficiency of those working in the sector. The announcement of the Diploma in Real Estate Regulations and Legislation further underscored that the next phase will rely on academic training and specialization, and that the profession has moved beyond individual initiatives to institutional work grounded in knowledge and compliance with regulations. The forum also featured a series of significant initiatives, most notably the launch of the real estate brokerage certification track, the imminent implementation of a classification system for real estate brokerage and marketing firms, and the release of draft guides for classifying brokerage firms and real estate auctions—all of which lay the groundwork for a new phase centered on quality standards and professionalism.

With this development, the responsibility of real estate brokers to provide professional advice, analyze market data, facilitate negotiations between parties, and expedite the completion of transactions in accordance with best practices has grown. Qualified and professional real estate brokers have become professional advisors who contribute to enhancing transparency, reducing risks, and building trust among all parties involved in the real estate transaction—a factor that makes real estate brokerage one of the most important drivers of growth for the Saudi real estate market in the coming period.