{"id":53054,"date":"2022-12-26T11:20:06","date_gmt":"2022-12-26T08:20:06","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=53054"},"modified":"2022-12-26T11:20:06","modified_gmt":"2022-12-26T08:20:06","slug":"%d9%86%d8%b8%d8%a7%d9%85-%d8%a7%d9%84%d9%88%d8%b3%d8%a7%d8%b7%d8%a9-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1%d9%8a%d8%a9-2","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/53054\/","title":{"rendered":"\u201cAmlak publishes the features of the draft executive real estate brokerage regulations"},"content":{"rendered":"

Last week, the General Real Estate Authority (GRA) started taking the opinion of interested parties and the public on the executive regulations in the Real Estate Brokerage Law, which the GRA published on Reconnaissance platform\u201c<\/a> <\/span>The survey period ends on January 15, 2023, and aims to Regulation<\/a> <\/span>To establish the executive provisions of the Real Estate Brokerage Law issued by Royal Decree No. (M\/130) dated 30\/11\/1443 AH, as stipulated in Article 23 of the law.<\/p>\n

Amlak newspaper publishes the most important texts of the executive real estate brokerage system regulations that define the relationship between all parties to the real estate brokerage contract.<\/strong><\/h5>\n

Article III: License Conditions for Individuals<\/strong><\/span><\/h4>\n

A license to practice real estate brokerage or real estate services for natural persons (individuals) is subject to the following conditions:<\/p>\n

1- Reaching the age of (18) years.<\/p>\n

2- The applicant must be of full legal capacity and must not have been convicted of a crime against honor or honesty, unless he has been rehabilitated.<\/p>\n

3- Passing the qualification program for each activity.<\/p>\n

4- Paying the license fee, except for the license to practice real estate marketing and advertising.<\/p>\n

Article IV: License Conditions for Establishments<\/strong><\/span><\/h4>\n

A license to practice real estate brokerage or real estate services for legal persons (establishments) is subject to the following conditions:<\/p>\n

1- Having a valid commercial register that includes the activities to be licensed.<\/p>\n

2. The responsible director must be of full capacity, and must not have been convicted of a crime against honor or honesty, unless he has been rehabilitated.<\/p>\n

3- The responsible manager must be qualified to practice the activity as determined by the Authority.<\/p>\n

4- Paying the license fee, except for the license to practice real estate marketing and advertising.<\/p>\n

Article VI: <\/strong>Real Estate Advertising License<\/strong><\/span><\/h4>\n

The real estate broker and the real estate service provider are obligated to obtain a real estate advertising license for each advertisement, after fulfilling the financial fee for that, and the Authority issues the license after completing the application.<\/p>\n

Article X: Expiration of the license\u00a0<\/strong><\/span><\/h4>\n

The license expires in the following circumstances:<\/p>\n

1- Expiration of the license term.<\/p>\n

2- Death for individuals, or termination of legal status for organizations.<\/p>\n

3- The licensee's request to revoke the license.<\/p>\n

4- Losing one of the terms or conditions of the license.<\/p>\n

5- Issuance of a final ruling or decision to revoke the license.<\/p>\n

Article XIII: Conditions for the provision of complementary services<\/strong><\/span><\/h4>\n

1- Obtaining a complementary real estate service license from the competent authority, and the license must be valid.<\/p>\n

2- The applicant must be licensed by the Authority to provide real estate brokerage or real estate services.<\/p>\n

3- Obtaining the Authority's approval to submit them.<\/p>\n

4- Disclose in writing to the beneficiary of the service about the possibility of conflict of interest when providing a real estate service that is complementary to the practice of real estate brokerage or real estate services.<\/p>\n

Article XX: Warranty provisions <\/strong><\/p>\n

1- The guarantee for the leased property, if any, shall be a financial or bank guarantee.<\/p>\n

2- The financial guarantee shall be delivered to the Authority or its authorized person within a period not exceeding two (2) working days.<\/p>\n

3- The Authority shall establish the rules governing the authorization to receive the financial guarantee.<\/p>\n

4- The value of damages to the leased property shall be estimated by agreement between the two parties.<\/p>\n

Article XXI:<\/strong> Broker's commission from the deposit<\/strong><\/span><\/h4>\n

The real estate broker is entitled to a commission of 25% of the value of the deposit if the seller or lessor receives it without completing the real estate transaction, unless the parties agree otherwise in the real estate brokerage contract.<\/p>\n

Article XXII: <\/strong>Receipt of funds<\/span><\/h4>\n

In receiving and handling payments from the contracting parties, the real estate broker must comply with the following:<\/p>\n

1- Fill out the form - prepared by the Authority - before receiving any money from one of the parties to the real estate brokerage contract, which includes the following data<\/p>\n

a. Amount.<\/p>\n

B. The purpose for which it is intended.<\/p>\n

C. The mechanism for receiving the payment.<\/p>\n

2- The real estate broker's receipt of the amounts must be within the licensed activity.<\/p>\n

3- Upon receiving the amounts, the real estate broker must deal with them according to the following rules<\/p>\n

a. Obtain the written consent of the contracting party to dispose of them.<\/p>\n

B. Provide the contracting party with proof of the transaction by way of a deed, invoice, etc.<\/p>\n

C. Return the amounts or the remainder of them immediately after the end of the purpose for which they were allocated.<\/p>\n

Article XXIII: Communications and complaints<\/strong><\/span><\/h4>\n

The Authority receives complaints or reports, studies them, and completes the procedures for seizing violations, as follows:<\/p>\n

1- The person in charge of control, inspection and seizure shall draw up a seizure report containing the following information<\/p>\n

A. Offender information.<\/p>\n

B. The activity that is the subject of the violation.<\/p>\n

C- The date of the violation.<\/p>\n

D. The time, date, and location of the offense.<\/p>\n

E. Description of the offense.<\/p>\n

The documents in question, if any.<\/p>\n

G. The extent to which the violator cooperates with the preparer of the report.<\/p>\n

H. Signature of the preparer.<\/p>\n

2- The Authority shall notify the violator of the seized violation through one of the following means:<\/p>\n

a. Text messages on an authenticated cell phone.<\/p>\n

B- Email address registered in the Authority's systems.<\/p>\n

C- One of the accounts registered in any of the government's automated systems.<\/p>\n

3- The person in charge of control, inspection and seizure shall refer the violation report and its annexes to the committee for reviewing violations and imposing penalties.<\/p>\n

Real Estate Brokerage System<\/span><\/h4>\n

Real Estate Brokerage System<\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> 3<\/span> Minutes<\/span><\/span>\u0628\u062f\u0623\u062a \u0627\u0644\u0623\u0633\u0628\u0648\u0639 \u0627\u0644\u0645\u0627\u0636\u064a “\u0627\u0644\u0647\u064a\u0626\u0629 \u0627\u0644\u0639\u0627\u0645\u0629 \u0644\u0644\u0639\u0642\u0627\u0631” \u0623\u062e\u0630 \u0631\u0623\u064a \u0627\u0644\u0645\u0647\u062a\u0645\u064a\u0646 \u0648\u0627\u0644\u0639\u0645\u0648\u0645 \u0641\u064a \u0627\u0644\u0644\u0627\u0626\u062d\u0629 \u0627\u0644\u062a\u0646\u0641\u064a\u0630\u064a\u0629 \u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u0648\u0633\u0627\u0637\u0629 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629 \u0627\u0644\u062a\u064a \u0646\u0634\u0631\u062a\u0647\u0627 \u0627\u0644\u0647\u064a\u0626\u0629 \u0639\u0644\u0649 \u0645\u0646\u0635\u0629 “\u0627\u0633\u062a\u0637\u0644\u0627\u0639”<\/p>","protected":false},"author":10,"featured_media":53055,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"0","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[104],"tags":[],"class_list":["post-53054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-and-regulations"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak post 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