المملكة: “Enforcement” prevents residents from communicating with external parties and restricts their financial powers
Subtract Attribution and Liquidation Center “Enforcement” of the new resident’s business guide through the “Estislaa” platform, with the aim of establishing strict professional governance rules that regulate the procedures for evaluation and surveying of the assets assigned to it.
Through this binding guide, the Center seeks to define regulatory obligations For evaluatorsaccurately, in a way that ensures the quality of the outputs, achieves the maximum benefit for the assets, and supports decisions to liquidate joint funds on fair technical grounds.
The second article of the guide confirmed the application of its provisions to all tasks assigned by the center, considering it a legal reference that may not be departed from or bypassed at any stage of the work until the closing of the task.
The guide explained that the evaluator exercises his duties as charged with carrying out specific works on his own behalf, without He shall be an official delegate or agent who represents the center before others or imposes financial obligations on him.
Restricting the resident’s powers
The controls stressed restricting the resident’s powers within the scope of the assignment granted to him only, while obliging him to immediately stop working and return to the center in the event of any ambiguity or ambiguity in the data submitted to him.
All residents’ work is subject to close supervision by Enforce, which has the authority to take regulatory measures, hold accountable and implement Penalties in the event of any negligence or intentional infringement that harms the interest of the assets.
The guide prohibits the evaluation reports from including any estimates that are not supported by technical justifications, or issuing results that conflict with the standards of the Saudi Authority for Certified Valuers, holding the evaluator alone responsible for the consequences of any professional breach.
With regard to independence, the guide requires immediate written disclosure of any potential conflict of interest, considering concealing any personal connection to the task a serious violation that requires cancellation of the attribution without Compensation.
The guide obligated residents to begin implementation immediately upon notification and review of ownership documents, and prohibited initiating a field inspection before completing the regulatory requirements or delegating tasks to a third party without prior approval.
It also required conducting a preliminary study to examine the readiness of the asset for evaluation, including verifying the deeds, geographical coordinates, and monitoring any legal obstacles such as wills or disputes that may hinder the sale process.
The guide also required documenting the field inspection with modern photographs. And the exact coordinates, while monitoring the constructional condition and services, and in the event that it is not possible to enter the site due to security obstacles or occupants, an official report is prepared.
Strict financial controls
The guide organized the use of the residents’ engineering expertise for surveying, provided that prior written approval was obtained, with full responsibility remaining on the accredited resident for the accuracy of all the data provided.
The guide required the preparation of final reports in accordance with locally approved international evaluation standards, and granted the center the right to reject any report that suffers from a deficiency. A fundamental or systematic defect and obligating the resident to correct it immediately.
With regard to communication, the guide prohibits the use of undocumented means or addressing external parties directly, obliging residents to cooperate technically in responding to inquiries from judicial and governmental authorities through the center’s official channels.
The center has established strict financial controls that prevent it from being charged any additional costs or expenses for moving outside the urban area without prior approval and a detailed price quote showing the scope of the service and its cost.
Finally, The guide stipulated the necessity of maintaining the confidentiality of information and keeping all documents for a period of no less than three years, while prohibiting the reuse of reports prepared for the center in any other tasks in the future.
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