Authorization verification system is being activated in real estate advertisements

Real Estate Expert Mustafa Hakan Özelmacıklı said, “With the regulation made, professional experience will not be required for authorization certificate applications made until 31 December 2024 by businesses and contracted businesses that have income or corporate tax or professional chamber registration regarding real estate trade before 14 May 2024.”

Phase 2 of the Electronic Advertisement Verification System (EİDS) infrastructure regulations established by the Ministry of Commerce has come to an end. After the regulation, illegal businesses operating without authorization will not be able to post advertisements on the portals. Making evaluations on the subject, Mustafa Hakan Özelmacıklı, General Manager of Altın Emlak Global, said, “On 31 August 2023, the Regulation on Real Estate Trade was amended and the obligation to verify identity and authority was imposed on real or legal persons who provide electronic media for advertisements for the sale of real estate belonging to others, and the identity verification section of the said regulations was introduced.” It entered into force on November 1, 2023. Now, the authorization verification process, which is the 2nd Phase of this regulation, will be put into effect. Accordingly, the portals will confirm that the real estate subject to the announcement belongs to the member who made the announcement or, if this member is a real person, to his/her first and second degree blood relatives or spouse. “It will verify before publishing the announcement that the member who submitted it is authorized by the owner of the real estate subject to the announcement,” he said.

AUTHORITY VERIFICATION WILL BE DONE THROUGH E-GOVERNMENT INTEGRATION

Stating that the portals will verify real estate authorization through the Electronic Listing Verification System (EIDS) established within the Ministry of Commerce, Özelmacıklı said, “Integrations were made with the General Directorate of Land Registry and Cadastre for determining the owner of the real estate, and with the General Directorate of Population and Citizenship Affairs for determining kinship. E-Government.” On a new authorization screen that will be created in the system, the immovable properties belonging to the owner, if he is a real person, or to the legal entity of which he is the authorized representative, if he is a legal entity, will be listed. After selecting the real estate, the authorization period will be selected by entering the authorization certificate number of the authorized real estate enterprise or the contracted enterprise. “It will not be possible to publish the advertisement without checking the authorization. In this way, real estate businesses without an authorization certificate or those without kinship status will not be able to enter the advertisement,” he said.

YOU MAY BENEFIT FROM THE EXCEPTIONAL REGULATION REGARDING THE EXPERIENCE REQUIREMENT

Özelmacıklı said, “With the regulation made, professional experience will not be required for authorization certificate applications made until December 31, 2024 by businesses and contracted businesses that are registered with income or corporate tax or professional chambers regarding real estate trade before May 14, 2024. Real estate businesses will be required to implement both the EIDS authorization verification application.” “We recommend that they obtain their authorization certificates immediately by taking advantage of the exceptional regulation regarding the professional experience requirement introduced by the amendment in the legislation in question, in order not to have any problems when placing an advertisement and to avoid being subjected to administrative sanctions,” he said.