The Real Estate General Authority (REGA), in collaboration with the Ministry of Human Resources and Social Development, carried out (22) joint inspection tours during July, covering (399) real estate establishments across various regions of the Kingdom. These inspections aim to ensure adherence to real estate legislation in general, and to the Real Estate Brokerage Law in particular, as well as to address matters falling under the jurisdiction of the participating government entities.
REGA emphasized that fieldwork is one of the key approaches it adopts to regulate the real estate market. During the same period, REGA’s inspection teams conducted (13,944) regulatory audit operations targeting advertising boards and real estate offices, which led to the identification of several violations. These included engaging in real estate brokerage or service activities without a valid license, failure to exercise due diligence in verifying information provided by property owners or beneficiaries, and not displaying the licensee’s name or license number in property-related advertisements. Additionally, REGA received (1,227) real estate reports through its various communication channels, all of which were handled and processed. The number of electronic scanning operations exceeded (22,531), as REGA utilizes electronic monitoring to oversee digital channels and real estate platforms, ensuring compliance of advertisements and digital brokerage practices with applicable laws and regulations.
REGA urged all real estate brokers and service providers to fully comply with the provisions of the Real Estate Brokerage Law and to review relevant violations in order to avoid penalties. These penalties may include warnings, license suspension, license revocation, or financial fines of up to (SR. 200,000). REGA also encouraged citizens and residents to report any suspected real estate violations or fraud through the official reporting channel on its platform or by calling (199011) for real estate inquiries.