111 Days
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المقر
Source: المقر
111 Daysالمقر
Source: المقر
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The head of the Real Estate Agencies and Companies Owners Syndicate pointed out that the real estate market is suffering from chaos due to the proliferation of nearly 10,000 unlicensed real estate offices, compared to only 500 licensed ones. This has led to an increase in cases of deception and fraud through social media advertisements. A committee has been formed to monitor violations, and more than 60 unlicensed offices have been referred to the judiciary. The issue also involves real estate marketers operating without official offices, posting fake advertisements that result in fictitious transactions. Currently, efforts are underway to amend the real estate office system to regulate the work of brokers and enforce strict licensing conditions.
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