HIGHLIGHTS
- Steps to Obtain a Real Estate Brokerage and Marketing License (Fal License)
- Steps to Issue a Brokerage Contract
- Steps to Obtain an Advertising License for Real Estate
Many real estate researchers and professionals in the real estate sector heavily rely on real estate marketing platforms and social media as well to showcase their properties or search for properties that meet their needs. Due to the digital transformation taking place in the Kingdom of Saudi Arabia and its pursuit, there has been a decrease in reliance on traditional marketing methods and a shift towards electronic marketing as a primary means of marketing for individuals and entities operating in the real estate sector and other sectors. Suppose you wish to publish any real estate advertisement through any means. In that case, you must fulfill the following conditions for the advertisement to be accepted on real estate platforms in the Kingdom. These conditions are as follows:
- Possession of a valid and active fal (Real Estate Brokerage and Marketing) license
- Registration of a brokerage agreement for the authorized person to act in the real estate
- Possession of a valid advertising license for real estate
In this article, we will explain the methods and steps to obtain an advertising license for real estate and a fal license for brokerage and real estate marketing. So, continue reading until the end, dear reader.
Steps to Obtain Fal License
- Go to the official website of the General Authority for Real Estate
- Click on the electronic services for real estate brokerage
- Log in to your account
- Click on “Register New User
- Fill in the required information, such as your national ID number and date of birth
- Enter the verification code sent to the registered mobile number in the Absher platform
- Fill in the required information, including your mobile number, national address, password, and agree to the terms and conditions.
- Enter the verification code sent to the registered mobile number
- Click on the option for an individual broker
- Click on fal license for brokerage and marketing, then confirm the license issuance
- Your fal license will be issued
Steps to Issue a Brokerage Contract with the Property Owner
You can issue a brokerage contract with the owner through the official website of the General Authority for Real Estate, following these steps:
- Log in to the electronic portal of the General Authority for Real Estate
- Choose the role of a broker
- Go to the ‘Brokerage Contracts’ tab
- Click on ‘Create New Contract’
- Enter and fill in the required information, including the deed number, owner’s ID number, owner’s mobile number, contract start and end dates
- Specify the scope of the contract
- Enter the fee amount
- Agree to the terms and conditions
- Enter the verification code sent to your mobile number; the contract will be sent to the owner for approval
- The owner should log in to the electronic portal of the General Authority for Real Estate and follow these steps:
- Choose the ‘Property Owner’ tab
- Access the brokerage contract
- Review the contract and approve it
- Enter the verification code sent to the owner’s mobile number
- The brokerage contract will be created
Steps to Issue a Real Estate Advertising License
- Go to the real estate advertisements tab
- Click on ‘Create New License
- Specify the brokerage agreement
- Enter the property data and information
- Attach photos of the property
- Fill in the advertising license information
- Enter the details of the property address and confirm their accuracy
- The real estate advertising license will be generated
Requirements for Real Estate Advertising According to the Brokerage System and its Executive Regulations
Any published real estate advertisement on Bayut Real Estate platform or any other platform must contain the following:
- Licensed advertiser’s name and advertising license number
- Brokerage and marketing license number for brokers
- Property details, including: City – Neighborhood – Street view – Property facade – Area size – Purpose (residential, commercial, etc.) – Price per square meter (for land) / unit price – Property type – Building age (construction date) Property-related services (electricity, water, sanitation) – Purpose of the advertisement (sale, rent) – Contact number of the advertiser
Requirements for License Issuance
- Submitting the application through the electronic platform of the General Authority of Real Estate
- Establishing an electronic linkage between the real estate platform and the General Authority of Real Estate upon approval of the application
- Integrating with the National Access system to enable access through it
- Providing a dedicated page to receive complaints and establishing a mechanism to address them
- Publishing an intellectual property rights policy
- Publishing privacy terms and conditions
- Publishing platform usage terms and conditions
The obligations of the real estate platform
Real estate platforms have certain obligations that they must fulfill. Here are some of the obligations that a real estate platform should adhere to:
- Maintaining the confidentiality of information and ensuring its protection
- Protecting platform users from fraudulent activities
- The platform is responsible for all consequences resulting from its violation of laws and regulations
- Advertisers are required to provide the necessary advertising data
Once you have ensured that all the required data for the real estate advertisement has been added, as mentioned earlier, you can proceed to publish it on approved electronic marketing platforms. Whether you are an individual or an entity, such as the Bayut platform, you can accomplish this by copying the link of the FAL license and pasting it in the designated location on the platform’s ‘Add New Ad’ tab.
In conclusion, this article has covered all the necessary information regarding obtaining a FAL license for real estate brokerage and marketing, along with the brokerage agreement with the owner. Additionally, we have outlined the steps for issuing a real estate advertisement license and the requirements according to the brokerage system and its executive regulations.
For more real estate insights and diverse topics discussing various aspects of life in the Kingdom of Saudi Arabia, feel free to explore our comprehensive real estate blog, Bayut Saudi Arabia’s blog. You can also follow us on various social media platforms available at the bottom of the page. If you need immediate assistance, please leave your comments, and we will be happy to provide the help you need.
