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
Effective from 2023-07-10 - Jul 09 2023
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Based on the responsibilities and objectives assigned to SAMA, pursuant to... The law issued by Royal Decree No. (M/36) dated 11/04/1442 H. The related regulations include 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: "Real estate brokerage and providing real estate services are not allowed unless a license is obtained from the authority.
Accordingly, SAMA 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.