The Real Estate General Authority (REGA), in cooperation with the Ministry of Interior and the Ministry of Human Resources and Social Development, conducted (31) inspection tours during February of this year. These tours targeted (8,354) real estate establishments across the Riyadh Region, Eastern Region, and Makkah Region, with the aim of ensuring compliance with real estate legislation in general, and the Real Estate Brokerage Law in particular. The inspections also covered matters falling under the jurisdiction of the participating government entities, including Saudization requirements and establishment licensing.
REGA clarified that field inspections form one of the main operational tracks conducted in partnership with relevant entities. Regarding the reports track, REGA received a total of (680) reports through its various communication channels, all of which were addressed and processed. In the electronic monitoring track, more than (8,067) real estate advertisements were reviewed to verify compliance with the law. REGA implements electronic monitoring systems that focus on digital platforms and real estate websites to ensure adherence to advertisement regulations and digital real estate brokerage practices.
REGA urged all brokers and real estate service providers to comply with the provisions of real estate regulations and to regularly review potential violations in order to avoid penalties. These may include warnings, suspension or revocation of licenses, or financial fines. REGA emphasized that fines may be doubled in the event of a repeated violation within three years of the initial offense. The implementing regulations outline the classification of violations and the penalties applicable to each. REGA also encouraged citizens and residents to report any suspected violations, cases of real estate fraud, or to submit general inquiries through its official reporting channels on the REGA platform or by calling (199011).
It is worth noting that the FAL license is the official permit that authorizes individuals and establishments to engage in brokerage and real estate service activities under the Real Estate Brokerage Law. The law aims to regulate real estate brokerage practices, promote innovative services, and educate beneficiaries. It also seeks to improve the quality of real estate transactions, serve both brokers and clients, contribute to the sustainability of real estate assets, reduce disputes, protect stakeholder rights, and enhance transparency in the real estate market.