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Dealing with the Licensed Real Estate Brokers in Accordance with the Relevant Laws and Regulations

No: 44094621 Date(g): 10/7/2023 | Date(h): 22/12/1444 Status: In-Force

Translated Document

Based on the responsibilities and objectives assigned to SAMA, pursuant to its law issued by Royal Decree No. (M/36) dated 11/04/1442 H and the relevant regulations, including supporting the stability of the financial sector and enhancing trust in it. Referring to the Real Estate Brokerage Law issued by Royal Decree No. (M/130) on 30/11/1443 H, Paragraph (1) of Article Four states: "Engaging in real estate brokerage or providing real estate services shall not be permissible without obtaining a license from REGA.

Accordingly, SAMA emphasizes to the financial institutions under its supervision the importance of adhering to the provisions stipulated in the Real Estate Brokerage Law and refraining from dealing or contracting with any real estate broker who is not licensed by the General Authority for Real Estate in accordance with the relevant laws and regulations. Licensed brokers can be verified and inquired about through the official website of the General Authority for Real Estate