GOEIC, Property Finder sign agreement to support real estate brokerage regulation
Property Finder Egypt has signed a cooperation protocol with the Basic Group for Export and Import Management (GOEIC) to help the licensing and qualification of actual property brokers, forward of the July 2026 deadline for compliance with Legislation No. 21 of 2022, which regulates business company and actual property brokerage actions.
The legislation requires all actual property brokers to acquire government-issued licenses in an effort to proceed practising the occupation.
Underneath the settlement, Property Finder Egypt will cooperate with GOEIC to ship coaching and qualification applications designed to assist brokers meet the licensing necessities.
Essam El Naggar, Chairperson of GOEIC, stated the partnership helps the authority’s efforts to implement the regulatory framework by cooperation with the non-public sector. He famous that accredited coaching applications are anticipated to enhance skilled requirements, strengthen market effectivity, and shield the rights of market members.
Cherif Sleiman, Chief Income Officer at Property Finder Group, stated the settlement represents a step towards a extra regulated actual property market by selling skilled requirements and transparency. He added that the initiative goals to help compliance with the brand new licensing framework.
Nervein Magdy, Managing Director of Property Finder Egypt, stated the corporate will work with brokers all through the licensing course of and help compliance with the brand new regulatory necessities.
For his half, Amr Hussein, Authorized Advisor at GOEIC for Authorized and Anti-Cash Laundering Affairs, stated the obligatory coaching program covers the authorized framework governing actual property brokerage, skilled ethics, contract drafting, and the tasks of brokers in stopping cash laundering and terrorism financing, along with sensible expertise required for the occupation.
The protocol comes as Egypt strikes to formalize its actual property brokerage sector by obligatory licensing, with the target of enhancing skilled {qualifications}, strengthening regulatory oversight, and growing transparency within the property market.
