Real estate brokerage system “FAL”
The Kingdom of Saudi Arabia aims to develop the real estate sector by empowering the private sector and providing incoming investment opportunities in this field. Therefore, the government is working to facilitate the procedures for opening and expanding real estate brokerage and marketing activities, leading to granting a license to practitioners of these activities in the Kingdom. Within the framework of this trend, the Kingdom is seeking to develop a system Licenses for real estate activities and services with the aim of enhancing confidence between clients, developers and brokers and encouraging national and foreign investments in this sector. These efforts include providing guidance and awareness to real estate agents and brokers, developing real estate brokerage laws and training specialized human cadres.
It is worth noting the Kingdom’s interest in providing licenses to individuals and real estate institutions called “FAL License” to practice real estate activities, in addition to innovative brokerage services, in an effort to regulate and improve the services that are provided in the Saudi real estate market, protect beneficiaries, raise confidence in the market and stimulate Saudi real estate activity, and accordingly, it will In this article, we explain what a FAL real estate license .
What is the “FAL” license for real estate brokerage and marketing?
It is an official license that must be obtained from the General Real Estate Authority to practice real estate brokerage and marketing activities for individuals, property owners, and real estate brokers. This is with the aim of controlling and regulating real estate activity in Saudi Arabia, where the presence of a real estate brokerage license “FAL” is considered a basic condition for practicing real estate brokerage activity at the present time. Regarding the “FAL” license, the General Real Estate Authority clarified that the license is for advertising itself, apart from the practitioner’s license, and is considered a license to publish visual, audio, print, and electronic advertisements on all electronic means of display, including television, radio, or through road advertisements, With a “FAL” license, the broker is able to practice the activity and is required to issue a license for each advertisement according to the approved model on the Authority’s platform.
Conditions for obtaining a real estate brokerage license for individuals and institutions:
Conditions for the real estate brokerage license “FAL” for individuals:
• Saudi nationality.
• Reaching the age of 18 years.
• The license applicant must be fully qualified and not convicted of a crime against honor or trust.
• Passing the qualification program for each activity.
• Collecting the financial fee for the license.
Conditions for the real estate brokerage license “FAL” for offices and institutions:
• The presence of a valid commercial register that includes the activities to be licensed.
• The responsible director must have full legal capacity and not been convicted of a crime prejudicial to honor or trust
• The responsible manager must be qualified to practice the activity as determined by the Authority.
• Collecting the financial fees for the license.
How is a “FAL” license issued?
1. Enter the General Real Estate Authority website
2. Click on electronic services for real estate brokerage.
3. Go to the login box.
4. Register as a new user.
5. Enter the required information and data.
6. Choose the desired role (real estate owner - individual broker - facility broker).
7. Click on Confirm License Issuance.
How much is the fee for the real estate brokerage license “FAL”?
A fee of 300 riyals is paid for individuals to obtain a valid license for one year, and a fee of 1,000 riyals is paid for institutions and offices for a valid license for one year as well. It is worth noting that a license can be issued for a period of more than one year, but not exceeding five years. To renew the license, three courses must be completed remotely from the Saudi Real Estate Institute
which is next:
1- Real estate marketing course - 700 riyals - 4 days
2- Real estate brokerage course - 400 riyals - 2 days
3- Electronic real estate marketing course - 750 riyals - 4 days