Joint field teams between Public Authority for Real Estate and Hail Municipality carried out more than 50 monitoring rounds on real estate establishments to monitor compliance with Real Estate Brokerage System, within the existing joint cooperation between the Ministry of Municipal and Rural Affairs and Housing and the Public Authority for Real Estate.
Joint monitoring rounds included detecting a number of violations, which are practicing real estate brokerage or real estate services without having a license or a valid license, and providing real estate brokerage services without possessing copies of property ownership documents or real estate. The joint monitoring tours included monitoring a number of violations, such as practicing real estate brokerage or real estate services without holding a valid license or permit, providing real estate brokerage services without possessing copies of documents of ownership of the property or ownership of its benefit, and not depositing or registering the concluded brokerage contracts or real estate transactions in the electronic platform.
The joint monitoring tours included the monitoring of a number of violations.
Calls to comply with the rules of the system
The الهيئة urges all brokers and real estate service providers to comply with the rules of the system and not to violate it, and to see the violations To avoid penalties that include warnings, suspension or revocation of the license or financial fines, stressing that the fine can be doubled if the violation is repeated within three years of its commission, and the executive regulations of the system have determined the classification of violations and the prescribed penalties.
<It is noteworthy that نظام real estate brokerage aims to regulate real estate brokerage activity and provide innovative and quality real estate services The system raises the quality of real estate transactions, serves real estate brokers and beneficiaries, contributes to the sustainability of real estate assets, reduces real estate disputes, preserves the rights of dealers, and increases the transparency of the real estate market.
