The Compliance and Monitoring Officer for Real Estate Agents Licensing Board of Fiji Vinal Singh says an island in Savusavu was sold for US $18.5 million which is part of the $42.154 million worth of complaints with REALB and Consumer Council of Fiji since 2017.
Singh says this is 1 of 16 cases that is with the CID Office.
Singh says Bogus Real Estate Agents and Foreign Real Estate Agents selling and advertising local properties are the two major complaints received by the two agencies.
REALB’s Chairman, Abdul Hassan also mentioned that an agent’s license was terminated and in cases like this, agents are called to the office to rectify the situation and are also issued warning letters.
He says that people have to be smart when dealing with the Real Estate Agents and ask for their valid ID cards to avoid losses.
REALB and Consumer of Council of Fiji received $42.154 million worth of complaints in the Real Estate Sector since 2017.
ADVERTISEMENT
