Minister of Municipal, Rural Affairs and Housing Majid bin Abdullah Al-Hogail sponsored the introductory ceremony for the Real Estate Brokerage System, organized yesterday evening by the General Authority for Real Estate in Riyadh.
The Minister of Municipal, Rural Affairs and Housing Majid bin Abdullah Al-Hogail sponsored the introductory ceremony of the Real Estate Brokerage System, which was organized by the General Authority for Real Estate. <The CEO of the <a style="color: #993300;" href="https://rega.gov. Engineer Abdullah bin Saud Al-Hammad - during the launch ceremony - that the number of visitors to the electronic platform of the Public Authority for Real Estate .This reflects the awareness of real estate practitioners and the importance of the brokerage system for the real estate market, as the Authority has issued more than (120) thousand real estate brokerage licenses, between establishments and individuals, since the system came into effect.
The ceremony included a ceremony for the real estate brokerage system. The ceremony included information about the real estate brokerage system and the activities subject to the new system, in addition to a discussion session on the impact of real estate brokerage on the real estate sector.
<It is noteworthy that <a style="color: #993300;" href="https://amlak.net.The Real Estate Brokerage System entered into force on Jumada I 25, 1444H corresponding to January 18, 2023, and current real estate practitioners working in the fields of real estate brokerage and services can organize and correct their status and take advantage of the corrective period of the system, which ends on 30 Dhul Hijjah 1444H corresponding to July 18, 2023.
The system covers seven activities. <The system includes seven main activities subject to its provisions: real estate brokerage, real estate marketing, property management, facilities management, real estate auctions, real estate advertising, and real estate consulting and analysis. The system aims to raise the quality of real estate transactions, preserve the rights of dealers in the real estate market, increase its transparency, reduce real estate disputes, regulate real estate brokerage and services, provide innovative and quality real estate services to beneficiaries, support the activities of real estate brokers and beneficiaries, as well as contribute to the sustainability of real estate assets.
The system aims to raise the quality of real estate transactions, preserve the rights of dealers in the real estate market, increase its transparency, and reduce real estate disputes.
