<In a new move aimed at enhancing transparency and balancing the real estate market, Public Authority for Real Estate has launched an innovative service to create a “brokerage contract between a broker and a sub-broker”. If you are a real estate broker, this service allows you to document the relationship with your sub-brokers and define all financial obligations and rights in a formal and reliable manner, enhancing your chances of achieving success in your real estate transactions.

According to the Real Estate Authority. According to the Real Estate Authority, this service is part of a series of services that aim to document and enhance the real estate brokerage process, where the primary broker can conclude a contract with several sub-brokers in order to market the property in a more organized and professional manner.

According to the Real Estate Authority, this service allows you to document the relationship with sub-brokers and define all financial obligations and rights in a formal and reliable manner, which enhances your chances of success in your real estate transactions. <Through this service, all financial rights and obligations of both parties are defined, as well as the mechanism for distributing the deposit, which enhances transparency and makes real estate transactions more clear and secure. The service also allows the prime broker to create more than one contract with multiple sub-brokers, speeding up the marketing and selling process."

The service also allows the prime broker to create more than one contract with multiple sub-brokers, speeding up the marketing and selling process.

How do you benefit from the service?

If you are a real estate broker, you can benefit from this service through the Real Estate Brokerage platform, which provides you with the possibility to create a sub-brokerage contract after concluding a brokerage contract with the owner. All you have to do is select the brokerage contract with the owner, and then select the sub-contract with the broker you wish to collaborate with. You will have to enter all the details related to the property and the sub-broker, and then notarize the contract.

Conditions to benefit

There must be a valid brokerage contract with the property owner. <The sub-broker must have an active VAL brokerage license. <The expiration date of the sub-contract cannot be later than the expiration date of the primary contract. The VAL real estate license is the official document that grants the right to individuals and establishments to practice real estate brokerage, which contributes to improving the overall organization of the real estate market and increases its investment attractiveness.”

The VAL license is the official document that grants the right to individuals and establishments to practice real estate brokerage.