News

Commission charged by real estate agents an issue

November 13, 2019 1:06 pm

Board Chair Abdul Hassan

The commission charged by real estate agents was the main issue raised during submissions to the Real Estate Agents Licensing Board yesterday.

REALB is in Vanua Levu to hold consultations and gather submissions on the review of the Real Estate Agents Act 2006.

Board Chair Abdul Hassan says they received submissions and suggestions on the issue of commission in Savusavu and Labasa.

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Dr. Hassan says the submissions requested for the monitoring of commissions charged by agents as the most time it is excessive.

“Currently in the legislation, there is no limits for which the commission can be charged by the agents. So their view is that there should be some control in how the commission is charged by the agents.”

He adds the submissions have been taken into account and will be considered.

The consultation moves to the West next week.