Norway's Ministry of Finance will implement amendments to the Real Estate Brokerage Act and related regulations on 1 July 2025, following the Storting's adoption on 8 April 2025. Key changes include a ban on secret bids, stricter broker requirements, and enhanced enforcement tools for the Financial Supervisory Authority of Norway. The Authority must also submit a consultation paper by 14 November 2025 on further regulatory amendments.
Norway's Ministry of Finance has set 1 July 2025 as the effective date for amendments to the Real Estate Brokerage Act and has adopted related adjustments to the Real Estate Brokerage Regulation to take effect on the same date.
The legislative changes, adopted by the Storting on 8 April 2025 and largely aligned with the Ministry’s proposal in Prop. 41 L (2024–2025), include a ban on secret bids, stricter requirements for brokers (including suitability requirements), and new tools for the Financial Supervisory Authority of Norway to address non-compliance.
The Financial Supervisory Authority of Norway must submit a consultation paper to the Ministry by 14 November 2025 on further amendments to the Real Estate Brokerage Regulation, including rules on a minimum acceptance period.
Norway's Ministry of Finance is consulting on proposed amendments to the Real Estate Brokerage Regulations, including a minimum bid acceptance deadline of 30 minutes and maintaining the ban on early bid deadlines. The proposal also suggests increasing mandatory security cover for real estate brokerage firms and lawyers from NOK 45 million to NOK…
Norway's Ministry of Finance mandates real estate brokerage firms to conduct formal suitability assessments for all real estate agents and settlement assistants, extending beyond new hires. Effective mid-2025, firms must notify the Norwegian Financial Supervisory Authority by 1 January 2027. These assessments, including a police certificate, aim…
Norway's Department of Finance proposes amendments to the Real Estate Brokerage Act to enhance consumer protection, banning secret bids and imposing stricter suitability requirements for broker staff. The Financial Supervisory Authority of Norway (Finanstilsynet) would gain expanded supervisory and enforcement powers, including imposing…