Norway's Ministry of Finance has instructed the Financial Supervisory Authority of Norway (Finanstilsynet) to assess whether parts of the regulatory framework for real estate brokerage can be simplified. The review is to consider whether to follow up simplification proposals from NOU 2021:7 chapter 11, including removing the requirement to provide an hourly rate quotation and to invoice based on time spent. Finanstilsynet is also to assess whether legal or regulatory requirements can be relaxed for rental brokerage, prioritising changes that reduce costs for firms without undermining consumer interests. Finanstilsynet must submit its assessments by 14 August 2026.
Department of Finance (Norway) 2026-03-06
Norway's Ministry of Finance asks Finanstilsynet to assess simplifications to real estate brokerage rules
Norway's Ministry of Finance has tasked the Financial Supervisory Authority of Norway (Finanstilsynet) with evaluating potential simplifications to the regulatory framework for real estate brokerage. The review will consider proposals from NOU 2021:7, including the removal of hourly rate quotations and time-based invoicing, and assess relaxing requirements for rental brokerage to reduce firm costs while safeguarding consumer interests.