المملكة: The Real Estate Authority offers the organizational framework for the legislative experimental environment .. 4 stages to join 3 criteria

I put off The Public Authority for the Real Estate The Organizational Framework Project for the Legislative Employment Environment, via the “reconnaissance” platform with the aim of providing a flexible and organized environment concerned with enabling entrepreneurs, investors and digital real estate service providers to test new and innovative business models, within an environment subject to the authority’s supervision and direct control. In The real estate sector , and allowing the participants to test the models in a way that contributes to enhancing their readiness to comply with and integrate into the real estate market." target ="_Blank"> The real estate market to accommodate modern technical solutions that improve the quality of services and meet the needs of customers and customers in the sector. The environment The General Real Estate has identified a set of accurate criteria that applicants must fulfill to join the experimental environment, as it requires that the model be characterized by a high degree of innovation and excellence, whether through its difference from the existing solutions in the Kingdom or by showing a new use of applied technologies or developing them advanced. /> The model is required to provide direct and concrete benefits to the real estate sector, which is reflected in improving customer experience, promoting rights protection, providing new products, raising the efficiency of operating performance. To protect customers, and the availability of sufficient financial resources that guarantee sustainability throughout the test period, with an integrated plan to get out of the environment when needed. By providing his basic data, a detailed explanation of the model, its innovation, the target group, the challenges he addresses and its direct impact on the sector, and the applicant must clarify the extent of the model for the supervisory scope of the authority and its failure to conflict with the valid systems, in addition to describing the organizational challenges that hinder the application of the model. In limiting the expected risks and mechanisms for dealing with them, and proving the financial ability to sustainty during the test period, in addition to a timetable with a detailed test plan that includes performance indicators and customer protection mechanisms, in addition to a clear exit plan according to the paths shown in the fourth stage. The evaluation is taking place through interviews with the participants to clarify the technical aspects of the model and verify its operational readiness, in addition to reviewing the documents submitted and trying the model through simulation operations. Either the application is accepted and the issuance of a temporary permit that allows the start of the test stage, including determining the period of the test and the support team when needed, in addition to setting additional conditions and requirements and adopting major performance indicators that include the level of customer satisfaction and operational stability and the number of discovered problems, as well as determining the monthly reports forms and the mechanism of raising the test results. The participant is granted a deadline not exceeding 30 working days to complete it without calculating them within the evaluation period, but if it is found that the conditions and standards are not met, the request is rejected with the clarification of the reasons in detail .. The tests are evaluating the performance of the model according to the approved plans, submitting monthly reports, and publishing brief periodic reports to enhance transparency, as the results of the performance indicators are approved, and the necessary support to the participant through continuous directives and supervision, and even appointing specialized experts or bodies if necessary. To ensure the tests of the tests according to the goals set; Where it can issue a decision of temporary suspension in the event of violations or failure of the participant in compliance with the directives of the supervisory team, while granting it a deadline not exceeding 30 days to correct the situation and submit a detailed report of the proposed corrective procedures. Sufficient. The proposed recommendations. Either the model is launched in the open market after all the legislative requirements are met and obtained the necessary licenses, or directing the participant towards modifying or developing the model based on the observations received from customers and the supervisory team with the possibility of re -applying to the environment if the need is required, and in the event that the model is not appropriate to the real estate market or its lack of subsidy for safe implementation, the experiment will be suspended permanently after applying the exit plan to ensure that guarantees Preserving the rights of customers and customers. the environment.