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QNA
Doha
In a first step towards preventing unlicensed agents from practicing real estate business in Qatar and pushing the real estate brokerage business towards an organised legal environment, the first batch of licensed Qatari real estate brokers took the legal oath on Sunday before the Real Estate Brokers Affairs Committee at the Ministry of Justice.
The licensing of this batch comes within the framework of the implementation procedures of the provisions of the law and pushing the real estate brokerage business towards an organised legal environment prepared to keep pace with the urban renaissance witnessed by the country.
Saeed Abdullah Al Suwaidi, Assistant Undersecretary for Real Estate Registration and Authentication Affairs at the Ministry of Justice and Head of the Real Estate Brokers Affairs Committee, emphasised the importance of licensing the batch as the first batch of Qatari real estate brokers licensed under the provisions of Law No 22 of 2017 regulating real estate brokerage.
He said this step comes within the framework of the efforts of the Ministry of Justice based on the direction of Minister of Justice and Minister of State for the Council of Ministers Affairs HE Dr Issa bin Saad Al Jafali Al Nuaimi to reorganise the real estate brokerage profession in a way that serves the national economy, develop the mechanisms of work in the real estate market, and follow up the work the Real Estate Brokers Affairs Committee to educate Qatari office-owners and brokers in the brokerage profession, and maximise the benefit of Qatari real estate brokers who will become partners in the real estate renaissance.
Al Suwaidi said the batch received the licence after completing the regulatory procedures specified in accordance with the provisions of the law, which include interviewing applicants for the profession, inspecting their offices and ensuring that they comply with the requirements of practicing the profession, and participating in specialised training courses at the Center for Legal and Judicial Studies. He said more than 67 real estate brokers have benefited from it.
The real estate brokers who have been licenced have fulfiled all the conditions required to be met by the real estate broker -- whether they are natural or legal persons as controls have been set for licensing, for a natural person, to be a Qatari national, fully qualified, good reputation, he should not have had a final judgment or decision canceling the licence, and that he has an appropriate headquarters in the country designated for practicing real estate brokerage business.
He pointed out that for the legal person, it is a condition that it be a company in accordance with the provisions of the law regulating commercial companies, its main purpose is to engage in real estate brokerage business, and that the share of the Qatari partner or partners in it is not less than 51 percent of its capital, the company’s main headquarters in the state, and the company hasn’t declared bankruptcy by a final judgement.
Al Suwaidi expressed the hope that the efforts of the Ministry of Justice, in cooperation with the ministries and agencies related to the real estate sector, represented by the Real Estate Brokers Affairs Committee, would contribute to the establishment of leading Qatari real estate brokerage companies not only at the local level but also at the regional and global levels.
The Real Estate Brokerage Department has started organising specialized courses for brokers applying to practice the profession.
The department called on experienced Qataris working in the real estate sector to hurry to register to complete the licensing and approval procedures to practice the profession of real estate brokerage.
The ministry noted that the registration for real estate brokers is still open to all companies and individuals wishing to practice the profession of real estate brokerage via the Ministry of Justice website.
Doha
In a first step towards preventing unlicensed agents from practicing real estate business in Qatar and pushing the real estate brokerage business towards an organised legal environment, the first batch of licensed Qatari real estate brokers took the legal oath on Sunday before the Real Estate Brokers Affairs Committee at the Ministry of Justice.
The licensing of this batch comes within the framework of the implementation procedures of the provisions of the law and pushing the real estate brokerage business towards an organised legal environment prepared to keep pace with the urban renaissance witnessed by the country.
Saeed Abdullah Al Suwaidi, Assistant Undersecretary for Real Estate Registration and Authentication Affairs at the Ministry of Justice and Head of the Real Estate Brokers Affairs Committee, emphasised the importance of licensing the batch as the first batch of Qatari real estate brokers licensed under the provisions of Law No 22 of 2017 regulating real estate brokerage.
He said this step comes within the framework of the efforts of the Ministry of Justice based on the direction of Minister of Justice and Minister of State for the Council of Ministers Affairs HE Dr Issa bin Saad Al Jafali Al Nuaimi to reorganise the real estate brokerage profession in a way that serves the national economy, develop the mechanisms of work in the real estate market, and follow up the work the Real Estate Brokers Affairs Committee to educate Qatari office-owners and brokers in the brokerage profession, and maximise the benefit of Qatari real estate brokers who will become partners in the real estate renaissance.
Al Suwaidi said the batch received the licence after completing the regulatory procedures specified in accordance with the provisions of the law, which include interviewing applicants for the profession, inspecting their offices and ensuring that they comply with the requirements of practicing the profession, and participating in specialised training courses at the Center for Legal and Judicial Studies. He said more than 67 real estate brokers have benefited from it.
The real estate brokers who have been licenced have fulfiled all the conditions required to be met by the real estate broker -- whether they are natural or legal persons as controls have been set for licensing, for a natural person, to be a Qatari national, fully qualified, good reputation, he should not have had a final judgment or decision canceling the licence, and that he has an appropriate headquarters in the country designated for practicing real estate brokerage business.
He pointed out that for the legal person, it is a condition that it be a company in accordance with the provisions of the law regulating commercial companies, its main purpose is to engage in real estate brokerage business, and that the share of the Qatari partner or partners in it is not less than 51 percent of its capital, the company’s main headquarters in the state, and the company hasn’t declared bankruptcy by a final judgement.
Al Suwaidi expressed the hope that the efforts of the Ministry of Justice, in cooperation with the ministries and agencies related to the real estate sector, represented by the Real Estate Brokers Affairs Committee, would contribute to the establishment of leading Qatari real estate brokerage companies not only at the local level but also at the regional and global levels.
The Real Estate Brokerage Department has started organising specialized courses for brokers applying to practice the profession.
The department called on experienced Qataris working in the real estate sector to hurry to register to complete the licensing and approval procedures to practice the profession of real estate brokerage.
The ministry noted that the registration for real estate brokers is still open to all companies and individuals wishing to practice the profession of real estate brokerage via the Ministry of Justice website.
