The Real Estate Licensing Board is proposing a review and amendment of the current 2006 legislation under which they operate.

Board Chair Abdul Hassan says that over the year’s real estate companies have realized the need to improve the laws, to make it more efficient and transparent.

Hassan says among their areas of concern are the operations of real estate agents, their code of conduct and the creation of a new fund to protect the interest of buyers and sellers in the sector.

“The matter has gone to Solicitor General’s office to vet the documents and eventually it will be submitted to cabinet and will become a formal regulation.”

Hassan says currently there are 200 Real Estate Agents and almost 100 Real Estate companies registered in Fiji.