What you need to know?
One of the most significant changes under RERA Law 27 of 2017 is the introduction of a licensing requirement for real estate professionals.
Real estate sales agents will be required to hold a specific license to sell property and be affiliated with a RERA licensed broker.
Real Estate Professionals are required to comply with Law No 4 of 2001 concerning the Prohibition of Money Laundering. The Ministry of Industry, Commerce and Tourism has published Guidelines and Forms relating to AML: