⚖️ Legal Consequences for Unlicensed Brokerage Activity
Last Update 6 months ago
Operating without a license can lead to serious consequences under Pakistani law:
- Fines ranging from PKR 50,000 to PKR 1,000,000
- Imprisonment (in fraud cases)
- Civil lawsuits from clients
- Blacklist on platforms like Markaz.pk
Buyers and sellers should always verify agent credentials before making any agreements.
Pro Tip: Ask for a valid license or registration number before engaging any brokerage service.