Mikhail Doronin's blog

Compliance

Compliance is what separates brokerages that will still exist in five years from the ones now trading as a different brand after a regulator visit.

In UAE real estate, compliance is the full stack of rules a brokerage must live inside: RERA licensing and renewals, Trakheesi permits for every single advertisement, AML source-of-funds files on every buyer, UBO declarations on corporate structures, Form A/B/F/I flows on every deal, Ejari filings on every rental, and the data-protection regime that now governs how client information is stored and shared. Miss any of these and the penalty is rarely a stern letter. It is a suspended license, frozen transactions, or worse.

I worked with a brokerage in 2024 that lost its RERA permit for six weeks because one agent had been running an unpermitted marketing campaign on Instagram with a non-Trakheesi photo of a Downtown tower. Six weeks with no new listings going live. The agency never fully recovered its deal flow.

The rule my team works by: every time a shortcut saves ten minutes on paperwork, write it down. If the same shortcut appears twice in a week, stop, and fix the process. Compliance debt compounds faster than any single deal.

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