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Important news from the Ministry of Commerce about advertising in the real estate sector!

Important news from the Ministry of Commerce about advertising in the real estate sector!

June 30, 2024

The Ministry of Commerce is taking steps to ensure a fair and stable structure of the real estate market. The main objective is to prevent misleading advertising and speculative price increases. In this context, a new Real Estate Trade Regulation is being introduced, which obliges advertising platforms to check the identity of advertisers. Now real estate advertisements can be posted only by persons who certify their rights to real estate through the Electronic Advertisement Verification System (EIDS).

This innovation is aimed at increasing transparency and consumer protection, and this is only the first step. In the future, EIDS will also verify the authorization of real estate companies.

The EIDS system is already operational, and technical studies are continuing to further improve processes. These changes will ensure that real estate advertisements are placed only with the consent of the respective owners and licensed enterprises.

About the introduction of the EIDS system you can also read in this post: https://t. me/alanyabrand/6132

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