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Auctions Contract service

General Real Estate Authority

An electronic service that facilitates the creation of real estate auction contracts by licensed brokers holding valid auction licenses. The service allows submitting contract details, including listed information, and sends the contract to the property owner or their representative for review, with the option to approve or reject it through a simple and transparent electronic process.

Service Level Agreement

Start the service

Share The Page

Log in to the system and choose "Broker Services".
Fill out the auction contract form and submit it.
Check for legal agency.
Send a notification to the owner for approval or rejection, then notify the applicant of the decision.

License Requirement:
To create an auction contract, the establishment broker must hold a valid real estate auction license.
Authorized Creators:
- Establishment manager.
- Any staff member associated with the establishment in the system.
Multiple Title Deeds:
- The auction contract can include multiple title deeds.
- The system allows input of auction data for each title deed.
- If the list of owners is identical for all title deeds:
  - A single power of attorney (POA) can be entered for all deeds, or
  - Separate POAs can be entered for each title deed, as required.
Contract Duration:
- The end date of the auction contract must not exceed the expiration date of the real estate auction license.
Power of Attorney (POA) Handling:
- If a POA is included in the contract:
  - The legal representative is the person who approves the auction contract and receives the SMS notification.
  - Property owners are allowed to view the contract but cannot take any action.

Creating an auction contract through a licensed establishment broker with a valid real estate auctions license
An auction contract can include more than one title deed.
Approving/rejecting the auction contract by property owner/representative.
The establishment broker can view all auction contracts associated with its establishment.
The property owner/representative can view all auction contracts associated with their National ID (NID).

Individuals , Government Sector , Private Sector , Investor , citizen , resident , Gulf citizen

Target Audience

Fawry

Service Duration

Website Portal

Service Delivery Channels

Arabic

Service Offered In Language

Free

Service Cost

FAQ's

Phone

966199011

Email

[email protected]

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