The project aims to establish standards for real estate consulting and market analysis in accordance with Article (3) of the Statute of the General Real Estate Authority, issued by Cabinet Resolution No. (239) dated 25/04/1438 AH. This article stipulates in paragraph (3) that the Authority shall “license and supervise real estate activities,” and in paragraph (4) that it shall “set standards for real estate activities.”
The project includes prohibiting the practice of the activity without obtaining a license; specifying the licensing requirements for practicing the activity and the conditions for its revocation; defining the obligations and prohibitions associated with practicing the activity; and enforcing compliance with the provisions of the standards.
Project Link
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