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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

Effective from 2023-07-10 - Jul 09 2023
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Based on the responsibilities and objectives assigned to the central bank, pursuant to... The system issued by Royal Decree No. (M/36) dated 11/04/1442 AH. The related regulations include supporting the stability of the financial sector and enhancing trust in it. Referring to the Real Estate Brokerage System issued by Royal Decree No. (M/130) on 30/11/1443, Paragraph (1) of Article Four states: "Real estate brokerage and providing real estate services are not allowed unless a license is obtained from the authority.

Accordingly, the Central Bank emphasizes to the financial institutions under its supervision the importance of adhering to the provisions stipulated in the Real Estate Brokerage Regulations 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