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Saudi real estate brokers face fines of up to SR200,000 for violations

Dubai: Saudi Arabia’s Real Estate General Authority (REGA) has warned real estate brokers and service providers that regulatory violations could result in fines of up to SR200,000, as well as the suspension or revocation of their licences. The warning comes as the authority steps up inspections of the kingdom’s real estate market, with more than 17,000 field checks carried out in August alone.…

Saudi real estate brokers face fines of up to SR200,000 for violations

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