Arab Today, arab today majlis ashura approves real estate mediating offices bill
Last Updated : GMT 14:36:28
Arab Today, arab today
Arab Today, arab today

Majlis ashura approves real estate mediating offices bill

Arab Today, arab today

Arab Today, arab today Majlis ashura approves real estate mediating offices bill

Riyadh - SPA

Headed by its speaker Sheikh Dr. Abdullah bin Mohammed bin Ibrahim Al Al-Shiekh, Majlis Ashura (Consultative Council) approved at an ordinary meeting in Riyadh today the new real estate mediating offices bill. The 12-article system stated the activity of the private real estate offices in selling, purchasing, leasing, marketing, running other\'s ownerships and evaluating real estates. The rule gave the real estate brokers a not more than 2.5% commission of the value of the selling or renting services (for a one year leasing, for instance). Each office is to keep documents of the service provided for reference for at least the last ten years, regulations say.

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