There has been much talk recently about the real estate brokerage system and the new regulations it includes to organize this vital sector. However, many—unfortunately—discuss some of its provisions without proper knowledge, mistakenly believing that the system imposes severe penalties on brokers who do not document their contracts. In reality, the system does not merely impose penalties, but rather addresses something far more profound and impactful
The regulations explicitly stipulate that a brokerage contract must be in writing, that the broker must deposit a copy of the contract with the General Authority for Real Estate, and that the contract is not legally binding until this deposit is made. In other words, a broker who does not deposit their contract cannot, by law, claim their commission or assert their rights before the relevant authorities, regardless of their efforts in finalizing the transaction
This is not a punitive measure, but rather a strict regulatory procedure aimed at protecting rights, eliminating irregular practices from the market, and ensuring transparency between parties. The written and deposited documents are not administrative formalities, but essential requirements for the validity of the legal relationship between the intermediary and their client
The legislator intended this provision to encourage intermediaries to comply not out of fear of punishment, but to safeguard their rights. Only a notarized contract deposited with the regulatory body protects the intermediary and provides them with an indisputable legal basis
In conclusion, it can be said that the system was not tightened to punish, but to regulate; it was not restricted to exclude, but to preserve rights. May every mediator realize that their rights are not protected by words, but by writing and filing
