Property Finder Egypt, a leading regional Proptech platform, signed a cooperation protocol with the General Organization for Export and Import Control (GOEIC) to license real estate brokers and bring Egypt’s brokerage market under formal regulation، Invest-Gate reports.
Regulatory Deadline
The agreement arrives ahead of July 2026 deadline for brokers to regularize their status under Law No. 21 of 2022, which amends the regulation of commercial agency work and certain commercial brokerage and real estate brokerage activities. The law mandates that all practitioners obtain government issued licenses to continue operations.
Training and Qualification
Under the protocol, Property Finder Egypt will support delivering training and qualification programs in coordination with GOEIC. The initiative positions brokers to meet official licensing standards and remain compliant as the market shifts toward full regulatory oversight.
GOEIC Chairman’s Statement
Major General Eng. Essam El Naggar, Chairman of GOEIC, said the partnership reflects the organization’s mandate to activate its regulatory function through private sector collaboration. He stated that GOEIC will provide accredited training to qualify brokers, a measure he said would raise market efficiency, protect stakeholder rights, and support national economic output.
Property Finder Group’s Statement
Dr. Cherif Sleiman, Chief Revenue Officer at Property Finder Group, described the protocol as a strategic step in the development of Egypt’s real estate sector. He said Property Finder’s role in market regulation ensures adherence to professional standards, enhances transparency, and builds confidence among investors and property seekers alike. He added that the protocol ensures a more structured and transparent market.
Property Finder Egypt’s Commitment
Ms. Nervein Magdy, Managing Director for Property Finder Egypt, added that the company remains committed to assisting partners through the regularization process. She noted the initiative establishes a real estate environment that pairs technological capability with regulatory compliance.
Training Program Details
Dr. Amr Hussein, Legal Advisor at the GOEIC for Legal and Anti-Money Laundering Affairs, noted that the training program is a fundamental requirement for obtaining a license to practice the profession. It covers the legislative framework governing the real estate brokerage profession, the code of conduct for real estate brokers, as well as the fundamentals of contract drafting. The program also includes an explanation of the real estate broker’s role in combating money laundering and terrorism financing, how to identify suspicious transactions and deal with them, in addition to the most important skills required to practice the profession.
Importance of the Partnership
The partnership structures the property market, reinforces transparency, supports sustained growth, and draws committed investment. It elevates brokers professionalism through formal training channels, supplies developers with regulated marketing pathways, and strengthens investor protection through engagement with licensed practitioners.