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.
Department of Finance (Norway) 2025-06-10
Norway's Ministry of Finance confirms 1 July 2025 commencement of real estate brokerage reforms and updates brokerage regulations
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.