High number of real estate agents operate without license
February 20, 2018 5:10 am
A high number of real estate agents are operating without a valid license, resulting into illegitimate sales of properties.
The Real Estate Licensing Board says agents who operate without a license are unlawfully conducting operations.
Acting chief executive and registrar of Real Estate Licensing Board Virisila Tuimanu is urging the public to be vigilant when engaging with agents.
Tuimanu says it’s important for Fijians to do their due diligence to avoid being cheated.
“We have had problems when people three months later, one week later or two months later, then they realize the approvals have expired. The big question is in between the period that your license has expired, what is the validity of the transaction that has been taking place.”
Tuimanu says Real estate companies need to play their part in ensuring their agents are licensed.
The agents have been reminded to renew their contracts two months prior to the expiry to avoid problems.