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REALB review committee deals with nine cases

July 27, 2015 6:50 pm

The Real Estate Licensing Board review committee dealt with nine cases during a meeting last week.

REALB Chair – Dr Abdul Hassan says most of the issues related to the deposits held by the Real Estate Agents who have not refunded monies to the prospective buyers.

The potential purchasers could not buy properties because their loan applications were declined.

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Dr Hassan says in one case the deal fell through due to the death of the buyer while in another, an agent deposited money in his personal account.

The Chair says they’ve suspended the agents and directed them to refund deposits.

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