New Batch Of Licensed Qatari Real Estate Brokers Take Oath
Date
10/31/2022 4:08:31 AM
(MENAFN- The Peninsula) QNA
Doha: A new batch of licensed Qatari real estate brokers — including 34 mediators between individuals and real estate brokerage companies — took the legal oath before the Real Estate Brokers Affairs Committee at the Ministry of Justice.
It raises the number of licensed brokers since the new law came into force to more than 520 Qatari real estate brokers licensed and registered with the Real Estate Brokerage Department.
The Assistant Undersecretary for Real Estate Registration and Documentation Affairs and Chairperson of the Real Estate Brokers Affairs Committee Saeed Abdullah Al Suwaidi, stressed the Ministry's keenness to improve the profession of real estate brokerage, indicating the need to deal with licensed brokers. This is important to protect the rights of different parties.
He warned against dealing with unlicensed brokers after the expiry of the period to reconcile the situation and start activating the real estate mediation law.
He pointed out to the need to adopt contract forms for real estate brokers in buying and selling transactions to ensure the rights of dealers and brokers.
This step comes within the framework of the efforts of the Ministry of Justice to reorganise the real estate brokerage profession, and to work in accordance with the provisions of Law No. 22 of 2017 regulating real estate brokerage work, in a way that serves the national economy, developing work mechanisms in the real estate market, and qualifying Qatari office owners and brokers working in the brokerage profession.
The Ministry notes the necessity of dealing with real estate brokers licensed by the Ministry; this is in order to avoid legal violations resulting from carrying out mediation work without a license.
The licence for this batch came after completing the specific regulatory procedures under the provisions of the law, which include interviewing applicants for the profession's work, inspecting their offices, ensuring their compliance with the requirements for practicing the profession, and participating in specialised training courses at the Legal and Judicial Studies Centre.
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