Amlak newspaper publishes the most important texts of the executive regulations of the real estate brokerage system that define the relationship between all parties to the real estate brokerage contract.
Article Three: License Conditions for Individuals
A license to practice real estate brokerage or real estate services for natural persons (individuals) is subject to the following conditions:
1- Reaching the age of eighteen (18) years.
The license applicant must be fully competent and not convicted of a crime against honor or honesty unless he/she has been rehabilitated.
3. <Pass the qualification program for each activity. Fulfill the license fee except for the license to practice real estate marketing and advertising.
4.
Article Four: License Conditions for Establishments
A license to practice real estate brokerage or real estate services for legal persons (establishments) is subject to the following conditions:1- The existence of a valid commercial register including the activities to be licensed.
1 The responsible manager must be of full capacity, not convicted of a crime against honor or honesty, unless he has been rehabilitated.
3. 3- The responsible manager must be qualified to practice the activity as determined by the Authority.
3- The responsible manager must be qualified to practice the activity as determined by the Authority. 4- Fulfillment of the financial fee for the license except for the license to practice real estate marketing and advertising.
Article Six: Real Estate Advertising License
The real estate broker and the real estate service provider shall be obligated to obtain a real estate advertising license for each advertisement, after fulfilling the financial fee for that, and the Authority shall issue the license after completing the application.
Article Ten: License Expiration
The license shall lapse in the following circumstances:
1- Expiration of the license term.
2- Death for individuals, or termination of legal status for establishments.
<The licensee's request to revoke the license. <Loss of one of the terms or conditions of the license. 5- Issuance of a final judgment or decision to revoke the license.
5- Issuance of a final judgment or decision to revoke the license.
Article Thirteen: Conditions for providing complementary services
1- Obtaining a real estate complementary service license from the competent authority, and that the license is valid.
2- The applicant must be licensed by the Authority to provide real estate brokerage or real estate services.
3. <3- Obtaining the Authority's approval to provide it. 4- Disclose in writing to the beneficiary of the service the possibility of a conflict of interest when providing a real estate service that is complementary to the practice of real estate brokerage or real estate services.
Article Twenty: Warranty Provisions
1- The security for the rented property, if any, shall be a financial or bank guarantee. The financial guarantee shall be delivered to the Authority or its authorized person within a period not exceeding two (2) working days.
3. The Authority shall establish the rules governing the authorization to receive the financial guarantee.
3. 4- The value of damages to the leased property shall be estimated by agreement between the parties.
4- The value of damages to the leased property shall be estimated by agreement between the parties.
Article XXI: Broker's commission from the deposit
The real estate broker is entitled to a commission of 25% of the value of the deposit if it is received by the seller or lessor without completing the real estate transaction, unless otherwise agreed by the parties in the real estate brokerage contract.
Article Twenty-Two: Receipt of Funds
In receiving and dealing with funds from the contracting parties, the real estate broker must comply with the following:
1- Filling out the form - prepared by the Authority - before receiving any money from a party to the real estate brokerage contract, and the form includes the following data:
a- Amount of the amount.
B- The purpose for which it is allocated.
C- The mechanism of receiving the amount.
2- The real estate broker's receipt of the amounts must be within the activity for which he is licensed.
3- The real estate broker must receive the amounts within the licensed activity.
3- Once the real estate broker receives the money, he must deal with it according to the following controls:
a. Obtain the written consent of the contracted party to dispose of them in writing.
B.
B- Provide the contracted party with proof of the disposal by means of a deed, invoice, etc.
C- Return the sums or amounts. <c. Return the funds or the remainder of the funds immediately upon completion of the purpose for which they were allocated.
Article Twenty-Three: Communications and Complaints
The Authority receives complaints or reports, studies them, and completes the procedures for controlling violations, as follows:
1- The person in charge of monitoring, inspection and seizure shall write a seizure report containing the following data:
A- The violator's information. <a. Information of the violator.
B- The activity that is the subject of the violation.
C- The date of seizure of the violation.
D- Time, date and place of seizure. <The time, date, and location of the offense. <e. Description of the offense.
f- Documents at issue - if any -.
g- Cooperation of the violator. <g. The extent of the violator's cooperation with the preparer of the report. <Signature of the preparer of the report.
2- The Authority notifies the violator of the seized violation through one of the following means:
a- Text messages on a documented mobile phone.
B- Email registered in the Authority's systems.
c. An account registered in any of the government's automated systems.
C- An account registered in any of the government's automated systems.
3- The person in charge of control, inspection and seizure shall refer the violation report and its annexes to the committee to consider violations and impose penalties.
Real Estate Brokerage System
Real Estate Brokerage System
