Requirements for Ikrar Real Estate Broker Certification
The Ejari platform has clarified the registration requirements for becoming a certified real estate broker, which include a valid national ID, a commercial registration for the brokerage activity, a national address for the establishment, and a license issued in the name of the establishment. It also mentioned a service for requesting adjustments to the rental value upon contract renewal, allowing landlords to request an increase or decrease in rent through an electronic system up to 90 days before the contract expires. The tenant is then notified to approve or reject the request. Currently, in Riyadh city, the service is limited to requesting a rent reduction only, aiming to increase transparency and regulate the real estate negotiation process.
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