{"id":58081,"date":"2023-07-29T14:26:53","date_gmt":"2023-07-29T11:26:53","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=58081"},"modified":"2023-07-29T14:26:53","modified_gmt":"2023-07-29T11:26:53","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%a9-8","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/58081\/","title":{"rendered":"200 thousand riyals penalty...Four tracks to comply with the real estate brokerage system"},"content":{"rendered":"

The General Real Estate Authority (GRA) has revealed the start of its monitoring and compliance work Real Estate Brokerage System<\/a><\/strong><\/span>According to four main tracks: The Authority's field monitoring teams that verify the regularity of the work of establishments or the regularity of billboards for displaying real estate, the monitoring campaigns in which the Authority participates in monitoring campaigns with the relevant authorities on violations of Saudization, cover-up or the regularity of workplaces, in addition to the electronic monitoring track that targets electronic channels and real estate platforms to verify the regularity of advertisements and digital brokerage practices, and the track of responding to reports submitted through the Authority's platform.<\/p>\n

Punishment <\/strong>200 thousand riyals<\/strong><\/h4>\n

The Authority called on all brokers and real estate service providers to comply with the rules of the system and not to violate it, and to see the violations to avoid penalties, which according to the system include warnings, suspension or revocation of the license or financial fines of up to 200 thousand riyals, stressing that the fine can be doubled if the violation is repeated within three years of its commission, and the executive regulations of the system have determined the classification of violations and the penalties prescribed for them.<\/p>\n

System violations<\/strong><\/h4>\n

The Authority emphasized that the practice of Real Estate Brokerage<\/a><\/strong><\/span> In addition, failure to indicate the name of the licensee or the license number in any advertisement or publication related to real estate or providing real estate brokerage services without possessing copies of documents and proofs of ownership of the property or ownership of its benefits are also considered punishable violations.<\/p>\n

Other system violations<\/strong><\/h4>\n

Violations of the system include the following practices Failure to comply with the mandatory forms and contracts for real estate services and activities, failure to deposit or register the concluded brokerage contracts or real estate transactions in the electronic platform, failure to enable those charged with monitoring, inspection and control to perform their work, or obstructing them from carrying out their tasks, the broker's disclosure of the secrets of the transactions being mediated, performing an act or omission that would harm the interests of those dealing with the broker, or contradicting the provisions of the law. Secrets of the transactions subject to mediation, doing an act or omission that would harm the interests of those dealing with the broker, or contradict the provisions of the law, not informing the Authority of any amendment or change related to the practice of the activity, not handing over the security deposit to the Authority and those authorized by it, the real estate broker retains the deposit as a guarantee of his right The broker receives any amount from the contracting parties for the benefit of any of them in excess of the amount he requires to carry out his work, the broker disposes of the amounts received from the contracting parties for purposes other than the purposes allocated to them, failure to comply with the controls of receiving payments by the contracting parties, failure to exercise due diligence to verify the validity of the information obtained from the property owner or utility owner, failure to disclose the information obtained from the property owner or utility owner when offering the property, providing misleading information or concealing material information regarding the real estate property or the real estate service.<\/p>\n

Real Estate Brokerage Regulation<\/strong><\/span><\/h4>\n

It is noteworthy that the Real Estate Brokerage System, which has begun to apply all its provisions, aims to organize real estate brokerage activity, provide innovative and quality real estate services to beneficiaries, raise the quality of real estate transactions, serve real estate brokers and beneficiaries, contribute to the sustainability of real estate assets, reduce real estate disputes, preserve the rights of dealers, and increase the transparency of the real estate market, and all beneficiaries can view the violations and penalties established for them through the official website of the Authority.<\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>The General Authority for Real Estate revealed the start of monitoring and compliance work for the real estate brokerage system, according to four main tracks: The Authority's field monitoring teams that verify the regularity of the work of establishments or the regularity of billboards for displaying real estate<\/p>","protected":false},"author":10,"featured_media":57770,"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-58081","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 excerpt","type":"text","formatted_value":""}},"featured_image_urls":{"full":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2023\/07\/\u0639\u0642\u0627\u0631\u0627\u062a-\u0627\u0644\u0631\u064a\u0627\u0636.jpeg",660,440,false],"thumbnail":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2023\/07\/\u0639\u0642\u0627\u0631\u0627\u062a-\u0627\u0644\u0631\u064a\u0627\u0636-150x150.jpeg",150,150,true],"medium":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2023\/07\/\u0639\u0642\u0627\u0631\u0627\u062a-\u0627\u0644\u0631\u064a\u0627\u0636-300x200.jpeg",300,200,true],"medium_large":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2023\/07\/\u0639\u0642\u0627\u0631\u0627\u062a-\u0627\u0644\u0631\u064a\u0627\u0636.jpeg",660,440,false],"large":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2023\/07\/\u0639\u0642\u0627\u0631\u0627\u062a-\u0627\u0644\u0631\u064a\u0627\u0636.jpeg",660,440,false],"1536x1536":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2023\/07\/\u0639\u0642\u0627\u0631\u0627\u062a-\u0627\u0644\u0631\u064a\u0627\u0636.jpeg",660,440,false],"2048x2048":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2023\/07\/\u0639\u0642\u0627\u0631\u0627\u062a-\u0627\u0644\u0631\u064a\u0627\u0636.jpeg",660,440,false],"trp-custom-language-flag":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2023\/07\/\u0639\u0642\u0627\u0631\u0627\u062a-\u0627\u0644\u0631\u064a\u0627\u0636.jpeg",18,12,false],"event-thumbnail":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2023\/07\/\u0639\u0642\u0627\u0631\u0627\u062a-\u0627\u0644\u0631\u064a\u0627\u0636-300x200.jpeg",300,200,true],"event-medium":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2023\/07\/\u0639\u0642\u0627\u0631\u0627\u062a-\u0627\u0644\u0631\u064a\u0627\u0636-600x400.jpeg",600,400,true],"event-large":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2023\/07\/\u0639\u0642\u0627\u0631\u0627\u062a-\u0627\u0644\u0631\u064a\u0627\u0636.jpeg",660,440,false],"event-hero":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2023\/07\/\u0639\u0642\u0627\u0631\u0627\u062a-\u0627\u0644\u0631\u064a\u0627\u0636.jpeg",660,440,false]},"author_info":{"info":["\u0627\u0645\u0644\u0627\u0643 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629"]},"category_info":"\u0627\u0644\u062a\u0634\u0631\u064a\u0639\u0627\u062a \u0648\u0627\u0644\u0623\u0646\u0638\u0645\u0629<\/a>","tag_info":"\u0627\u0644\u062a\u0634\u0631\u064a\u0639\u0627\u062a \u0648\u0627\u0644\u0623\u0646\u0638\u0645\u0629","comment_count":"0","_links":{"self":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/58081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/comments?post=58081"}],"version-history":[{"count":0,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/58081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media\/57770"}],"wp:attachment":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media?parent=58081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/categories?post=58081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/tags?post=58081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}