Legislation_en
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Director G<strong>en</strong>eral: The director g<strong>en</strong>eral of the Departm<strong>en</strong>t.<br />
Committee: The Perman<strong>en</strong>t Real Estate Brokerage Committee.<br />
Council:<br />
The body authorised to settle real estate brokerage disputes.<br />
Division:<br />
The Real Estate Brokerage Regulatory Division at the Departm<strong>en</strong>t.<br />
Compet<strong>en</strong>t Entities: Governm<strong>en</strong>tal or semi-governm<strong>en</strong>tal <strong>en</strong>tities responsible<br />
for lic<strong>en</strong>sing.<br />
Real Property: Anything which is fixed and cannot be moved without damage or<br />
alteration of its sturcture.<br />
Register:<br />
The electronic or paper record of Real Estate Brokers.<br />
Roll:<br />
The roll containing the names of certified category A Real Estate<br />
Brokers prepared by the Committee.<br />
Real Estate Broker: Any person who undertakes the real estate brokerage business in<br />
accordance with this Bylaw.<br />
Brokerage<br />
Agreem<strong>en</strong>t: An agreem<strong>en</strong>t whereby a Real Estate Broker undertakes to a cli<strong>en</strong>t<br />
to find another party with whom to conclude a contract, and to<br />
repres<strong>en</strong>t the cli<strong>en</strong>t in relevant negotiations for r<strong>en</strong>umeration.<br />
Person:<br />
Any natural or legal person.<br />
2. G<strong>en</strong>eral Provisions<br />
Article (3)<br />
No Person may <strong>en</strong>gage in Real Estate Brokerage activities in the Emirate unless he is<br />
lic<strong>en</strong>sed by the Compet<strong>en</strong>t Entities and <strong>en</strong>tered in the Register.<br />
Article (4)<br />
A Register will be maintained by the Departm<strong>en</strong>t in which the names of lic<strong>en</strong>sed Real<br />
Estate Brokers in the Emirate are <strong>en</strong>tered and in which any variation of or am<strong>en</strong>dm<strong>en</strong>t to<br />
relevant information are also <strong>en</strong>tered.<br />
141