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REALB reviews legislation

July 25, 2016 6:26 pm

An equal set of laws and rights will be put in place by the Real Estate Licensing Board to cater for all real estate transactions.

Board Chairman Dr Abdul Hassan says they are working closely with Real Estate Agents, government ministries and other institutions to familiarize agents with the laws and solve issues in the real estate sector.

With 114 real estate agents and 154 sales people in the country, Dr Hassan says it is important to discuss issues related to their daily activities.

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“We tried to highlight on various issues to the Real Estate Agents in particular on the laws, policies, monitoring and consumer behaviors. These are some of the important issues the board feels that the real estate agents should aware of and should try and practice according to what it is lay down in the act.”

Dr Hassan says the sector intends to achieve its goal by establishing all basic requirements.

Fiji Revenue and Customs Authority Public Relations Manager, Epeli Naua says they have consider working closely with the Real Estate Agents due to the booming industry in terms of increase in the value of land or property and also the huge increase in the property sales and the new government policy for non Fiji citizens .

Dr Hassan also emphasized that it is a real east agent’s duty to be honest and fair when dealing with customers, which also means disclosure of known facts about a sale or property.

Hassan adds buyers are entitled to the information necessary for them to make informed decisions.

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