Real Estate Brokerage. Professionalism and responsibility

Abdulaziz Alissa

After intensive and continuous efforts, the real estate sector will begin a new phase of the comprehensive reform process in safeguarding the rights resulting and due from real estate and rental transactions, when the Real Estate Brokerage System comes into effect on January 23, 2023, where 27 articles of the system defined the relationship between all parties involved in the process.

After intensive and continuous efforts, the real estate sector will begin a new phase of the comprehensive reform process in safeguarding the rights resulting and due from <a style="color: #800000; <The General Authority for Real Estate is commended for its carefulness in studying and presenting the system and publishing it on a survey platform to take the opinion of the public, interested parties, and all dealers in the sector, so that they are fully aware and aware of the system; because they are the ones concerned with it, and they are the ones who apply it so that the sector reaps the fruits of this effort and thought that elevated the profession of real estate brokerage, and must not be seen as a restriction and fight, but rather Rather, it is everyone's duty to work to implement the arrangements that will enhance the benefits of the market and consolidate the principle of clarity and transparency, and there will be no space for misunderstandings, jurisprudence and interpretations that will certainly differ from one real estate to another; so the regulations and regulations came to be a basic source and reference for everyone.

The start of the system in this month will be an incentive for irregular brokers to arrange their situation <a style="color: #800000;" href="https://srei.In my estimation, the conditions set by the third and fourth articles for the conditions of practicing the profession for individuals and establishments come at the forefront of passing the qualification program for each activity, and this item is provided by the courses organized by the Saudi Real Estate Institute And for establishments, the completion of official documents from the commercial register and others, in addition to the eligibility of the license applicant, so we hope that the prevailing impression of the regulations is not complexity; rather, they are well-made rails on which transactions flow smoothly.

The real estate sector is promised a new period of its history, in which dealers will face the test of national and professional responsibility by adhering and abiding by what is stated in the system, then we will see many gains reflected on the market, with the professionalism of those who work in it, and from here we raise thanks and appreciation to all parties that contributed to making professionalism in the transactions of the real estate sector.

We hope that the prevailing impression of the regulations is not the complexity; rather, it is a well-crafted rails that run smoothly.