In the real estate sector, the authorization certificate is crucial for reliability and professionalism. According to a press release by the Ministry of Trade, this certificate verifies the identity and authorization of individuals involved in real estate transactions through the Electronic Listing Verification System (EİDS).
The authorization certificate ensures a fair, competitive, and stable market. The Ministry has imposed substantial fines and conducted intensive inspections to prevent consumer exploitation and maintain market integrity.
Fines and Inspections
The Ministry’s inspections have led to a total of 88.9 million TL in fines for businesses operating without authorization certificates. These measures are vital for consumer protection and market trustworthiness. Unauthorized businesses are prohibited from listing properties, curbing manipulative pricing and speculative listings.
Responsibilities Brought by the Authorization Certificate
Platforms must:
- Verify the identity of the person posting the listing.
- Confirm that the property belongs to the poster or their immediate family, or that the poster is authorized by the property owner.
The authorization certificate enhances professionalism in the real estate sector and safeguards consumer rights. Clients should recognize the importance of this certificate for creating a trustworthy trading environment and avoid businesses without it.
For more information, you can review the Ministry of Trade’s press release.
