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Minister of Commerce Omar Bolat said that as the Ministry of Commerce, they will conduct strict checks on the introduction of a verification advertising system in the real estate sector, and violators will be subject to administrative fines of up to 158,460 liras in accordance with the legislation.
What is a “Verification Checklist” in Real Estate?
Implement an advertising verification system to protect consumer rights, prevent misleading advertising, and maintain market order.
When will verified ads start?
Verified ads will be activated from September 15th.
The Electronic Inventory Verification System (EIdS) established by the ministry under the supervision will be operationalized on September 15 and will be mandatory in real estate transactions from the beginning of this year.
Minister of Commerce Omar Bolat said that as the Ministry of Commerce, they will conduct strict checks on the introduction of a verification advertising system in the real estate sector, and violators will be subject to administrative fines of up to 158,000 liras, 460 liras to legislation.
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