In the proposed changes to Turkey’s real estate regulations, the draft suggests a significant modification by eliminating the professional experience requirement for obtaining an authorization certificate. This adjustment aims to streamline processes and prevent real estate businesses from operating without the necessary authorization, even if they meet other criteria.
For individuals or entities engaged in online property listings, the draft introduces regulations to curb the posting of multiple listings for the same property at different prices. This measure is designed to prevent speculative pricing and reduce clutter in online property listings, contributing to a more transparent and efficient real estate market.
Penalties for non-compliant advertisements will vary based on the nature of the offense, as specified in relevant laws. This underscores the importance of adhering to advertising regulations to avoid legal consequences. Additionally, a noteworthy change in the draft pertains to criminal offenses, emphasizing the requirement of not having received a cumulative prison sentence of 5 years for intentionally committed crimes.
Furthermore, the draft proposes transferring the authority to impose administrative fines on those engaging in real estate trade without an authorization certificate to provincial directorates. This move is aimed at enhancing enforcement and ensuring compliance with the revised regulations.
Stay informed about these regulatory changes for a smoother and more compliant real estate experience in Turkey. Whether you’re a real estate professional, investor, or homeowner, understanding these adjustments is crucial for navigating the evolving landscape of Turkey’s real estate market.
