Real property brokers are under a legal obligation to provide RERA with all requested information, data, and statistics regarding their activities. If a broker fails to comply with this requirement, they are subject to an administrative fine of AED…
Real property brokers are under a legal obligation to provide RERA with all requested information, data, and statistics regarding their activities. If a broker fails to comply with this requirement, they are subject to an administrative fine of AED 50,000. This same fine applies to brokers who undertake brokerage for a real property project that is not registered with RERA. These penalties ensure that RERA can maintain an accurate and transparent database of all real estate transactions.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
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