30k realtors, over 6,500 registered brokerage companies operate in Egypt

Egyptian Association for Realtors calls on government to establish independent body for licensing and regulating real estate brokerage

Eighty real estate marketing companies have started the work on establishing the Egyptian Association for Realtors in 2018, with the aim to create an entity that organizes the market and cooperates with the government to solve its issues, said President of Egyptian Association for Realtors Ahmed Shafik.

The Association’s board of directors was chosen to develop a good legal form for representing realtors.

Shafik noted that at the top of the association’s goals is to create a good work environment to improve the profession, and that they have rights in exchange for setting their obligations towards clients. Accordingly, the broker who joins the Association must have a high level of distinguished service. The Association’s members would enjoy its benefits and protection. It sets a corporate code of honour to protect the interests of customers, marketers, and developers. In addition, it regulates the relationship between the three sides and organizes training courses for all realtors.