Real Estate Brokerage. A New Reality

Abdulaziz Alissa

After 150 days have passed since the implementation of the real estate brokerage system; the period decided by the General Authority for Real Estate to correct the status of those covered by the system will end on July 18, 2023, by extracting licenses after passing the qualification program, that is, thirty days left to correct the course of the real estate market in its most important sectors, as the real estate brokerage is considered the medium of the contract and its sand in the process of completing <a style="color: #800000;" href="https://amlak. net.sa/57101/37101/.net.sa/57101/">real estate deals.

. <Before the corrective period ends, the real estate community (with all its official and private sectors) must evaluate the past five months, and come up with recommendations that help remove all the distortions that stuck to the real estate brokerage profession, and study the place of defects and fix it for non-regulars; especially with regard to the issue of intensifying qualified training courses; by organizing them in various regions, and then After that, there will be no excuse for violators, except their unwillingness to keep up with this development that will create an ideal and smooth working environment in the speed of completion of transactions, an environment that gives confidence and credibility that the real estate advertising controls have tightened, and before that, the Authority has set logical and practical conditions for those who want to practice the profession.

Control of real estate brokerage

The interest of the competent authorities in the need to regulate real estate brokerage comes due to the fact that it moves a huge real estate wealth that is priceless, in addition to the value of some deals reaching hundreds of millions of riyals, and the percentage of seeking, may God increase and bless them, reaches millions of riyals in one sale, so it is necessary to activate the system and keep away It is as if the marketing process is only an offer to real estate seekers and entice them to buy it, forgetting that the real estate broker is basically a consultant and adviser to the owner and the buyer who reconciles between them where there is no harm or damage, which earns him the trust that is considered his real capital in the sector.

Complementing the development led by the General Real Estate Authority, “Val Real Estate License” was issued, which gives the practitioner an official document to practice the specific real estate activity, followed by the Val License for real estate platforms, which in turn serves to narrow the space for violators of the system and distortion of the real estate market, which has become serious and official.