Last December, the General Real Estate Authority, in collaboration with the Ministry of Human Resources and Social Development, conducted 14 joint inspection tours that included visits to 228 real estate establishments in the Riyadh, Eastern, and Makkah regions, These inspections aim to ensure compliance with real estate legislation in general and the Real Estate Brokerage Regulation in particular, as well as matters related to the participating government agencies’ jurisdiction regarding Saudization.
The Authority explained that fieldwork is one of the approaches it is pursuing to regulate the real estate market; during the same period, its inspection teams carried out 20,452 field inspections, resulting in the identification of 10,141 non-compliant real estate advertisements in public places. The Authority also received 252 real estate complaints through its various channels, all of which were addressed and resolved, while the number of electronic surveys exceeded 28,714. The Authority employs electronic monitoring targeting digital channels and real estate platforms to verify the compliance of advertisements and digital real estate brokerage practices with applicable laws and regulations.
The General Real Estate Authority called on all real estate brokers and service providers to comply with real estate regulations and to familiarize themselves with the violations to avoid penalties, which include warnings, suspension or revocation of licenses, or financial fines. The law’s implementing regulations specify the classification of violations and the corresponding penalties, The Authority also called on citizens and residents to file reports in the event of suspected real estate violations or fraud through the reporting channel on the Authority’s official platform or by calling (199011) for real estate inquiries.