The official spokesperson of the General Real Estate Authority, Tayseer Al-Mafraj, confirmed that the Real Estate Marketing and Advertising Regulation came to set a clear framework to ensure a disciplined professional practice in this sector and limit any misleading methods that may harm the consumer or the market.
The regulation aims to regulate the real estate marketing and advertising mechanisms by obligating advertisers and licensees to display all basic data related to the property, which achieves transparency and prevents the concealment of any data. During an intervention on Al-Ikhbariya channel, Al-Mufaraj explained that the regulation aims to regulate real estate advertising and marketing mechanisms by requiring advertisers and licensees to display all basic data related to the property, in order to achieve transparency and prevent the concealment of any information that may affect consumers" decisions.
Mufaraj explained. <He explained that the legislative system adopted in the sector is based on three main levels: The Law issued by the Council of Ministers, the Executive Regulation, which details the provisions of this Law, and then the Regulation, which interprets some of the provisions of the Executive Regulation to ensure a clearer and more accurate application.
He added that the regulatory system adopted in the sector is based on three main levels. He added that the real estate marketing and advertising regulation imposes a strict obligation to show accurate information about the property, including its location, condition, and characteristics, in addition to any data that may affect its value, such as the existence of existing disputes or legal notes, in order to protect the consumer and raise the level of reliability in the real estate market.
