anti-money laundering

As the real estate industry continues to evolve, estate agents are being warned to prepare for potential compliance issues that may arise in 2023. With the introduction of new regulations, such as the Real Estate Authority Act and the Real Estate Agents Act, estate agents are being urged to ensure they are up-to-date with the latest compliance requirements. The Real Estate Authority Act, which is set to come into effect in 2023, will require estate agents to adhere to a number of new regulations. These include ensuring that all advertising and marketing materials are accurate and up-to-date, as well as ensuring that all contracts are legally binding and compliant with the law. Additionally, estate agents will be required to provide clients with detailed information about the property they ...