The new Real Estate Licensing Board is dealing with a number of common complaints from the public.
Chairman Dr Abdul Hassan says the new team which has members from both private and public sectors are adamant to improve the performance of the Board in the next two years.
Dr Hassan says there were complaints of poor standard of services by real estate agents and sales persons, dishonest and un-ethical practices, exorbitant and unreasonable level of commission and fees charged and allegations of money laundering in the industry.
“We have also seen people who are not listed as Real Estate Agents and yet they are operating as Agents and as you know as Under the Act you are not supposed to. Process has to be followed before they will be given registration.”
In order to overcome this, the Board is liaising with various government bodies to facilitate the tracking of records of those, that are seeking to become real estate agents or those that are already holding license to operate as real estate agents in the country.
A disciplinary committee meeting is expected this week, to look into the complaints made.
The Chairman says a large percentage of country’s wealth is tied up in the real estate and all parties dealing with this important asset must act prudently.
