Real estateUpdated 2h ago
REGA suspended a licensed broker’s Ejar account after an account-misuse case was established.
Okaz reports that a person used a licensed real-estate broker’s Ejar account to arrange a rental contract and request payment to a bank account outside the approved channel. After the case was established, REGA suspended the broker’s account. The authority says brokers are responsible for transactions conducted through their accounts and warns that allowing others to use their account credentials can expose them to accountability. For renters, REGA advises checking the broker’s Fal real estate license and the property’s advertising license through its electronic services, and confirming that ownership and authorization details match the property and contract. It also advises inspecting the property and paying through Ejar’s electronic payment channel after the electronic contract is documented.
Coverage started 2h ago