Real estate brokerage without licence a crime, says Public Prosecution
The Public Prosecution has cautioned unlicensed real estate brokers that practising the profession without registration is a crime punishable by six months in jail and a fine up to RO3,000.
The Public Prosecution in its awareness creating tweet stated that the ‘act is criminal under the provisions of Article 19 of the law, which regulates the work of brokers in real estate, and addresses both citizens and residents’. It added, “The practice of real estate brokerage profession without a licence from the competent authority is a crime punishable by imprisonment for six months and a fine of RO3,000.”
New regulations by the Ministry of Housing regarding the implementation of licence came into effect from June 1, 2017. As per the regulations, all real estate brokers in Oman need to register and become certified.
Royal Decree 91/2010 was issued amending provisions of the law regulating the work of bro- kers in the real estate sector.
Earlier, the sector had been plagued with unscrupulous agents who brought a bad name to the Omani real estate market by indulging in dishonest deals.
Eng Mohammed al Busaidi, chairman of the Oman Real Estate Association and a member of Majlis A’Shura, had told Muscat Daily that his organisation has pushed for reforms. “It (new regulations) will boost investments. Expatriates and GCC investors will now see the market is organised. They can visit the website of the Ministry of Housing and find out who a registered broker is.”
Around two years ago, the Ministry of Housing created the Directorate General of Real Estate Development. Then, the deadline to register as a licensed broker was issued. Anyone offering services without a licence will be acting illegally.
“If he is caught, he can be taken to court,” Eng Busaidi said.
Photograph for illustrative purpose only