Legislation & Regulations

Public Authority for Real Estate records visits to 103 real estate facilities in May

KDIPA teams carried out 23,530 audits and 33,372 electronic scans, detected violations, received 780 reports, and warned of fines of up to SAR 200,000
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Emlak Real Estate

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Public Authority for Real Estate in partnership with the Ministry of Human Resources and Social Development and a number of government agencies during the month of May 13<a style="color: #800000;" href="https://amlak. Joint supervisory tours included visiting 103 real estate facilities in Riyadh, Eastern Province, Makkah, and Asir.

These tours come with the aim of ensuring compliance with real estate legislation in general and the real estate brokerage system in particular, in addition to the competence of the participating government agencies such as nationalization, cover-up, commercial, and tax evasion.

These tours come with the aim of ensuring compliance with real estate legislation in general and the real estate brokerage system in particular.

<The Authority explained that field work is one of the tracks it works on to regulate the real estate market, as the regulatory teams carried out during the same period 23.530 supervisory audits on billboards and real estate offices, which resulted in the detection of a number of violations represented in the practice of real estate brokerage or real estate services without obtaining a valid license, failure to exercise due diligence to verify the validity of the information obtained from the property owner or the owner of the benefit, and failure to indicate the name of the licensee or the license number in real estate-related advertisements, as the Authority received 780 real estate reports through its various channels that were dealt with and processed, while the number of electronic scans reached more than 33.372 operations, as the "Authority" pursues electronic monitoring; which targets digital channels and real estate platforms; to verify the regularity of advertisements and digital real estate brokerage practices in accordance with laws and regulations.

The General Authority for Real Estate called on all brokers and real estate service providers to comply with the rules and provisions of the real estate brokerage system, and to be aware of violations to avoid penalties that include warning, suspension or revocation of the license or financial fines of up to 200 thousand riyals, urging citizens and residents to submit their reports in case of suspicion of real estate violations or real estate fraud through the response path for reports through the official platform of the Authority or call (199011) for real estate inquiries.

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