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بوابة الشروق
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Unlicensed real estate brokerage penalty
The article discusses the warnings issued by the Egypt's Authority for Export and Import Control regarding strict penalties for engaging in real estate brokerage without proper licensing. Such violations can result in imprisonment for up to two years and a fine ranging from 50,000 to 1 million Egyptian pounds, or both sanctions combined. It notes that the deadline for registering brokers and regularizing their status is July 25, and that inspection campaigns will be carried out against violators. The article emphasizes the importance of proper registration, verifying property data, and raising public awareness about the credibility of real estate advertisements to ensure citizens' rights are protected.
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