Statute of the Real Estate General Authority - Article 1

rega_gov_sa · law · processed · 1 chunks

date_gregorian=2017-02-03 date_hijri=1438-05-06 document_type=law entity=legislation_type:royal_court_decision entity=document_number:1 entity=regulation:Statute of the Real Estate General Authority entity=legislation_category:law entity=format:application/pdf language=en taxonomy_l1=municipal_construction taxonomy_l2=real_estate validity=valid validity_confidence=1.0

In this Statute, the following words and phrases shall have the meanings assigned thereto, unless the context requires otherwise:
Minister: Minister of Housing.
REGA: Real Estate General Authority.
Board: REGA's board of directors.
Chairman: Board's chairman.
Governor: REGA's governor.
Statute: Statute of the Real Estate General Authority.
License: A document issued by REGA authorizing its holder to engage in one or more real estate activities.
Real Estate Activity: One or more services carried out for the provision of specific real estate products, including real estate development, real estate joint ventures, off-plan sales, and brokerage services pertaining to the sale, purchase, or lease of real estate.