Changes expected in the real estate sector

The real estate sector is working towards improving its services and lifting the standard of the industry.

The Real Estate Agents Licensing Board will soon carry out consultations to amend the existing Real Estate Agent Act 2006.

Chief Executive, Virisila Tuimanu says with the evolving real estate industry, a legislation that was made a decade ago needs to be amended.

Tuimanu says this consultation is the only chance for key stakeholders to raise concerns and place forward proposals to better their service.

“What we hope to achieve is for each and every agent to come out during this consultation and if they have any issues with the current laws or comments to put forward their concerns. We are encouraging them to make use of this opportunity. We will have about 3 or 4 consultations in Nadi, Suva, Lautoka, Savusavu and may do another one later in the year.”

Tuimanu says the consultation will be held next month, pending approval from the REALB.