Implementation of the real estate brokerage system threatens the informal sector with extinction

Real Estate Brokerage System

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Poll: Sulaiman Al-Hassoun- The real estate expert, Sami Mohammed Al-Qahtani, explained that the real estate brokerage system prevents random offers, whether through websites or any means, and reduces dealing with irregular marketers, but it is not flexible due to some complications, for example, if an owner wants to offer a property to more than one office, he must go to the office and sign a marketing agreement, while if there is flexibility, such as authorizing marketing through an electronic platform, this improves the marketing process and reliably.

With regard to the impact of the approval of the real estate brokerage system on the practitioners of the profession. <Regarding the impact of the passage of the real estate brokerage system on practitioners, Al-Qahtani explained that <a style="color: #800000;" href="https://amlak.net. small real estate offices are likely to be affected in one way or another, as realtors will head to the most powerful companies in the market and sign an exclusive marketing contract, pointing out that if there is flexibility in it by authorizing without exclusivity, it will be beneficial for everyone.

Training and licensing

The real estate expert called on irregular brokers to quickly improve their situation, train and take the necessary licenses before the implementation of the system, otherwise they will be doomed to extinction, pointing out the need for all real estate professionals to join hands in order to help organize as well and prevent these brokers from subcontracting and circumventing the system.

About the future of the real estate market. Regarding the future of the real estate market in the new year 2023, Al-Qahtani said: "As one of those working in the real estate sector, I hope that it will be a prosperous year for all real estate professionals and that it will be a more organized year.“

About the future of the real estate market in the new year 2023, Al-Qahtani

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Khaled Al-Qarni: Raise the level of services provided

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Khaled Al-Qarni, Tactical Real Estate Services, believes that the implementation of the real estate brokerage system gives the real estate market the power of the authority of the system, enhances the credibility and transparency of the real estate market index, and will increase the likelihood of completing real estate transactions, stressing that the real estate sector is a promising sector, and that dealers in the real estate brokerage system are proud of the issuance of this system.

Positive impact on licensed brokers

Al-Qarni said that <a style="color: #800000;" href="https://istitlaa.ncc.gov.sa/ar/Municipality/rega/RealEstateBrokerage/Pages/default. The proposed system will have a positive impact on brokers who are licensed by the real estate brokerage system and have become practitioners of the profession, and they will have an effective role in the application of the system, as for the irregular brokers after the issuance of the application there will be no place except for the regular ones in the Saudi real estate market, and those who went Al-Qarni gave his advice to them to train and correct their situation, and the state has established the Saudi Real Estate Institute to train, benefit, develop and take information from its reliable source, God bless our wise government and this is not surprising.

Khalid Al-Qarni expected that optimism will prevail in the market, and there will be good, God willing, and this system will contribute to achieving credibility in real estate transactions and raising the level of services provided and preserving all the rights of dealers in this real estate sector, my wish is to achieve more successes and development for this real estate market.

<At the end of his speech, Al-Qarni said: "We must extend our thanks and gratitude to all the leaders and workers of this esteemed newspaper, asking God Almighty to make everything you provide in the balance of your work."