137 Million TL Fine from the Ministry of Commerce to the Real Estate Sector

137 Million TL Penalty from the Ministry of Commerce to the Real Estate Sector  The Ministry of Commerce imposed a total of TL 137 million administrative fines on 1,158 real estate enterprises that engaged in unfair price increases and manipulation in real estate ads.ion TL Penalty from the Ministry of Commerce to the Real Estate Sector  The Ministry of Commerce imposed a total of TL 137 million administrative fines on 1,158 real estate enterprises that engaged in unfair price increases and manipulation in real estate ads. Strict Control Against Market Manipulation The Ministry closely monitors the real estate advertisements pnalty from the Ministry of Commerce to the Real Estate Sector  The Ministry of Commerce imposed a total of TL 137 million administrative fines on 1,158 real estate enterprises that engaged in unfair price increases and manipulation in real estate ads. Strict Control Against Market Manipulation The Ministry closely monitors the real estate advertisements published on the platforms and applies the necessary sanctions to real estate businesses that mediate manipulative price increases that will disrupt the market balance and to advertisements that do not comply with the Electronic Advertisement Verification System (EIDS). Authentication Requirement Thanks to the integration established between the advertisement platforms and EIDS, identity verification has become mandatory for real estate advertisements as of November 1, 2023. The Number of Real Estate Agents with Authorization Certificates Has IncreasedThanks to the integration established between the advertisement platforms and EIDS, identity verification has become mandatory for real estate advertisements as of November 1, 2023. The Number of Real Estate Agents with Authorization Certificates Has Increased The EIDS gration established between the advertisement platforms and EIDS, identity verification has become mandatory for real estate adve

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