The real estate brokerage system is of great importance because it aims to facilitate the contractual process between the parties and protect their rights, in accordance with the regulations, which set July 18 as the last day of the correction period.

The newspaper “Amlak Al-Aqaria” continues its surveys on the evaluation of the regulation’s implementation over the past period, and its impact on the completion of transactions and the elimination of distortions in the sector.

Abdullah bin Nasser Al-Mousa —a real estate broker and marketer—that the General Real Estate Authority has commendably worked to transform and develop the real estate system into one based on loyalty, commitment, generosity, and reliability for all parties involved in the decision-making process, starting with the buyer, through the broker, and ending with the seller, Al-Mousa emphasized that every change and innovation will face challenges, but these will be overcome through cooperation between brokers and regulatory authorities, God willing.

Al-Mousa stated that legislation has closed all loopholes that could distort the real estate market, in line with the vision of His Highness Crown Prince Mohammed bin Salman, may God preserve him for us and for the nation.

Al-Mousa emphasized that every endeavor requires training, development, and practice to identify obstacles, overcome them, and innovate new, advanced methods—and therein lies the spirit of competition.

At the end of his remarks, Abdullah Al-Mousa referred to the practice of fronting in lease contracts and certain agencies that act as fronts for sub-brokers; however, there remains a group that believes in transformation and development and strives for it, while another group adapts to this transformation and development—yet they are the ones who lag behind and lose their leading position, which is what sets them apart in this rapid evolution.