The The General Real Estate Authority, in collaboration with the Ministry of Human Resources and Social Development, conducted 22 joint inspection tours during the month of July, which included visits to 399 real estate facilities in various regions of the Kingdom.
These inspections are intended to ensure compliance with real estate legislation in general andthe Real Estate Brokerage Regulation in particular, in addition to matters falling within the jurisdiction of the participating government agencies.
The Authority clarified that fieldwork is one of the approaches it is pursuing to regulate the real estate market; during the same period, its regulatory teams carried out (13,944) inspections of billboards and real estate offices, which resulted in the detection of a number of violations, including engaging in real estate brokerage or real estate services without a valid license, failure to exercise due diligence in verifying the accuracy of information obtained from the property owner or beneficial owner, and failure to state the licensee’s name or license number in property-related advertisements.
The Authority received 1,227 real estate complaints through its various channels, which it addressed and processed, and the number of electronic scans exceeded (22,531). The Authority conducts electronic monitoring targeting digital channels and real estate platforms to verify the compliance of advertisements and digital real estate brokerage practices with regulations and bylaws.
The General Real Estate Authority urged all real estate brokers and service providers to comply with the rules and provisions of Real Estate Brokerage System, and to familiarize themselves with the violations to avoid penalties, which include warnings, license suspension or revocation, or fines of up to 200,000 riyals.
It also called on citizens and residents to file reports in the event of suspected real estate violations or fraud through the complaint response channel on the Authority’s official platform or by calling (199011) for real estate inquiries.
