The Real Estate Regulatory Authority Organizes the Second Forum for Real Estate Brokers with Broad Participation from Sector Stakeholders

The Real Estate Regulatory Authority organized the second forum for real estate brokers, with broad participation from real estate brokers and representatives of relevant entities, within the framework of its continuous efforts to enhance communication with its partners and develop the work environment in the real estate sector, contributing to raising market efficiency and consolidating the principles of transparency and professionalism.

The forum commenced with a speech by His Excellency the President of the Authority, in which he emphasized that the real estate brokerage profession represents one of the fundamental pillars in regulating the market, given its pivotal role in enhancing trust among the parties of the real estate process and ensuring compliance with legal and regulatory frameworks, which supports the stability of the investment environment and enhances the sector’s attractiveness. His Excellency also stressed the Authority’s commitment to continuing the development of regulatory and legislative frameworks and raising the efficiency of practitioners, keeping pace with the rapid developments witnessed by the real estate sector.

The forum included a presentation that reviewed a number of key axes related to the real estate brokerage profession, where an introductory overview of the real estate development law and its implications for the work of real estate brokers was provided, alongside a review of the Authority’s plans for the future of the brokerage profession, contributing to its development and enhancing its efficiency. The presentation also addressed the role of real estate advertising in influencing the decisions of investors and dealers, emphasizing the importance of credibility and compliance with the controls regulating this aspect, thereby enhancing market reliability.

The presentation also discussed the most prominent challenges facing the real estate brokerage sector in light of the changes witnessed by the market, and ways to address them through developing legislation and raising the level of professional awareness, in addition to reviewing the controls for granting real estate financing and their impact on regulating the market and supporting its stability, achieving a balance among various parties.

The forum featured a dialogue session that brought the Authority and real estate brokers together. During this session, the floor was opened for discussion on several topics of mutual interest and the exchange of views and proposals, contributing to enhancing cooperation, developing the work environment, and elevating the standard of services provided in the real estate sector.

The organization of this forum comes within the framework of the Real Estate Regulatory Authority’s keenness to consolidate partnerships with various parties and support initiatives that contribute to the development of the sector, keeping pace with its aspirations towards sustainable growth and enhancing its investment attractiveness at the local and regional levels.