Arab Republic of Egypt Ministry of Investment and Foreign Trade General Organization for Export and Import Control

Eng. Essam Al-Naggar, Chairman of the General Organization for Export and Import Control, participated in the second session of the conference. His sovereignty discussed the new law on real estate brokers and affirmed the obligation of the property seller to provide all legal data on the property or real estate unit when selling or buying the property. In all its details, to reduce terrorist financing operations and also make available real estate brokerage companies registered with GOEIC, which has now reached more than 8,000 real estate brokerage companies.

Eng. Essam al-Naggar added that the training course for real estate brokers will begin with the issuance of the implementing regulations next month.

At the second session of the Sixth Real Estate Development Conference, entitled "Challenges for the Future of the Real Estate Sector 2023", organized by "ALMAL GTM", His Excellency emphasized the need for a law regulating the work of the real estate broker, He stressed the need to register in the real estate brokerage registry and prohibited the dissolution of the activity without registration or to subject the mediator to penalties as provided for in Decree No. 21 of 2022.