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Real Estate Agents Act Gets Reviewed

  To bring the Real Estate Agents Act in line with the changes in the market place and the policy changes undertaken by the Fijian Government, a review of the
28 Jun 2016 15:07
Real Estate Agents Act Gets Reviewed

 

To bring the Real Estate Agents Act in line with the changes in the market place and the policy changes undertaken by the Fijian Government, a review of the Act has been planned.

Minister for Industry, Trade and Tourism, Faiyaz Siddiq Koya, highlighted this during the inaugural Real Estate Agents Licensing Board (REALB) National Workshop in Nadi yesterday.

Welcoming this move, REALB chair Dr Abdul Hassan, said the review was timely as it will assist in the capacity building of real estate companies and agents in shaping the economic conditions and removing malpractices in the industry.

“The current licensing laws were enacted over a decade ago and before that some of the practices were not in the best interests of the public,” he said.

“This can be achieved if all the players are prepared to embrace change.”

 

Further policies

Mr Koya also highlighted, the ministry, Solicitor General’s Office and the Fiji Commerce Commission are working closely together in finalising a draft Landlords and Tenants Bill.

“The Bill will provide protection to both parties, the landlord and the tenant, in terms of prescribing the rights and responsibilities of each party,” he said.

“Real estate agents also need to have an active association that will advance the interests of the industry collectively.”

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