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Real estate broker obligations

The real estate broker must abide by the following:

1- Conducting business by himself if he is a natural person, and through the responsible manager if he is a legal person.

2- Maintaining the confidentiality of the transactions, documents and contracts delivered to him.

3- Not to do or refrain from doing any act that would harm the interests of those dealing with it.

4- Maintain regular and numbered pages, determined and approved by the Department, in which the names and addresses of those dealing with him are recorded, the work delegated for them, and a summary of the documents and contracts related to each transaction and the fees due thereon.

5- Putting his name, company type and registration number in the register on the place where his business is carried out, and on all his papers, publications and correspondences related to real estate brokerage business.

6- Keeping papers, correspondence and electronic copies related to the real estate brokerage business that he is authorized to carry out for a period of five years on a regular basis, to which it is easy to refer when necessary.

7- The person concerned shall hand over a receipt to the person concerned to receive the documents, contracts and papers he received from him to carry out the work delegated to him, and return them to the concerned persons upon the completion of the delegated work or upon their request, without prejudice to his right to confiscate them if necessary.

8- Notify the administration and the concerned authorities immediately of the loss, destruction or damage of any of the books, documents, contracts or papers referred to in this article, and provide them with the outcome of the disposal.

9- Submit all data and information related to his activity to the Department upon request.