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Official association for Real Estate Agents

Official  association for Real Estate Agents
June 17
11:00 2017

The Association of Real Estate Agents in Fiji was officially registered this month.

For the first time, real estate agents in the country will have a legal representative body to voice the concerns faced by the agents.

The association was officially registered on the first of this month after a year of pulling all the strings together.

Fiji Real Estate Agents Association interim president Vyas Deo Sharma said not all agents knew each other very well which hindered the interim association’s reach to the agents across the country.

The idea of forming an association was introduced when the Minister for Industry, Trade and Tourism Faiyaz Koya met the agents in a workshop earlier this year.

“We are thankful to be given an opportunity to form an Association as we can together, through this Association, work hand in hand for this industry to be one of the best.

“The Real Estate Agents Licencing Board is really trying to do something whereby this industry grows and for the new legislation comes in. It is good to be given an opportunity to form an Association so we can have a stronger presence and unified body,” said Mr Sharma.

Before the formation of the association, agents presented their issues and grievances to REALB individually.

Mr Sharma hopes the Government will make amendments to the Real Estate Agents Act 2006 as there are issues faced by agents because of the Act.

“We have seen a lot of things that has happened in the country and we have seen that foreigners are doing business. Sometimes they avoid paying tax to the Government.

“All these things we expect to be legislated in the new legislation that will take place shortly. There are so many other things that are not covered in the 2006 Act so we expect those things to be discussed amongst the agents, realtors and Government for a proper document to be presented to guide the agents in Fiji,” said Mr Sharma.

“Another concern raised by the agents was the settlement of the property. Because of that, realtors have to wait for 6-8 months to get their commission,” he said.

The first Annual General Meeting will be held on the 30th of this month which will be followed by the Association’s first elections a day or two later.

Feedback:  monica.aguilar@fijisun.com.fj

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