The The General Real Estate Authority at , in collaboration with relevant government agencies, conducted 24 joint inspection tours during the month of November, which included visits to 103 real estate facilities in a number of regions across the Kingdom.
These inspections aim to ensure compliance with real estate legislation in general andthe Real Estate Brokerage System 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, and during the same period, its inspection teams carried out (8,847) on-site 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 1,408 reports through its various channels, all of which were addressed and processed, while the number of electronic surveys exceeded 18,435. The 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 called on all real estate brokers and service providers to comply with the rules and provisions of the Real Estate Brokerage Law and to familiarize themselves with the violations to avoid penalties, which include warnings, suspension or revocation of licenses, or fines of up to (200,000) riyals, It urged 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.
