New Regulation for Real Estate Sales from the Ministry of Commerce – RaillyNews

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From the Ministry of Commerce Real Estate ListingsSocial Media Regulation is a draft law prepared to provide solutions to the problems recently experienced in the real estate market in Turkey. This draft aims to increase the accuracy, transparency and reliability of real estate listings, and prevent speculative price increases and the activities of unauthorized real estate agents.

According to this draft, the new regulations for real estate advertisements are as follows:

Buy/sell, rent/lease residential &
commercials real estate properties.

– Individuals and companies posting real estate online must verify their identity and authority as of November 1, 2023.
– Fines will be imposed on internet platforms that allow multiple listings for the same property at different prices.
– The professional experience requirement for real estate consultants’ authorization certificate applications will be removed.

You can find all detailed opportunities regarding real estate sales here;

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