Brokers are strictly prohibited from concluding simple contracts for the off-plan sale of units in projects that have not been approved by Competent Entities. Any contract signed before such approval is obtained is legally null and void. This regula…
Brokers are strictly prohibited from concluding simple contracts for the off-plan sale of units in projects that have not been approved by Competent Entities. Any contract signed before such approval is obtained is legally null and void. This regulation prevents brokers from marketing "phantom" projects and ensures that every deal they facilitate is backed by a project that has met all technical and financial requirements established by the Land Department.
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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