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Conditions for Obtaining a Brokerage and Real Estate Marketing License ‘FAL’ with $5,000 Fine for Violators

Al-Marsad Newspaper: Al-Aboudi bin Abdullah, who is interested in real estate affairs, explained the conditions for obtaining a brokerage and real estate marketing license “Fal”. Pointing out that the penalty for the violator is 5 thousand riyals fine.

He said during an interview with Al-Ikhbariya channel: “Obtaining the license requires that the person be a Saudi citizen, the age exceeds 18 years, and he has completed 3 courses.” He added that whoever obtains the license cannot advertise through this license only, but rather needs Create a mediation contract with the owner, and through the contract, he can obtain an advertising license for this product.

He continued, “No real estate broker can advertise without a license, nor can he practice real estate brokerage work without this license,” indicating that the violator is punished with a fine of 5,000 dirhams, which doubles with repetition.


2023-07-18 09:13:01
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