The Real Estate General Authority (REGA) conducted over (33) inspection tours during January, targeting visits to (6,543) real estate establishments in cooperation with the Ministry of Human Resources and Social Development and the Ministry of Municipal and Rural Affairs and Housing. These tours covered the Riyadh Region, Eastern Region, and Makkah Region, with the objective of enhancing compliance with real estate legislation in general, and with the Real Estate Brokerage Law in particular. The inspections also addressed areas under the jurisdiction of the participating government entities, including Saudization requirements and establishment licensing.
REGA emphasized that field inspections are one of several tracks it operates in partnership with relevant entities. As for the reports track, REGA received a total of (1,219) reports through its various channels, all of which were addressed and processed. In the electronic monitoring track, over (6,000) real estate advertisements were reviewed to ensure legal compliance. Across all tracks, more than (6,380) real estate violations were detected. These included conducting real estate brokerage or services without a valid license, continuing operations after license expiration, finalizing real estate transactions without recording them on REGA’s official platform, and other breaches related to licensing requirements or failure to disclose complete information about listed properties.
REGA urged all brokers and real estate service providers to adhere to applicable real estate regulations and review the types of violations to avoid penalties, which may include warnings, license suspension or revocation, or financial fines. It also confirmed that repeat violations within three years may result in doubled penalties. The implementing regulations specify the classification of violations and the corresponding penalties.
It is worth noting that the FAL real estate license is the official document authorizing individuals and establishments to engage in brokerage and real estate service activities as outlined in the Real Estate Brokerage Law. This law aims to regulate the practice of real estate brokerage, provide innovative real estate services, and raise awareness among beneficiaries. It also enhances the quality of real estate transactions, supports both brokers and clients, promotes the sustainability of real estate assets, reduces disputes, protects the rights of all parties involved, and improves transparency in the real estate market.