REALB investigating a company for the alleged breach of the REALB Act

REALB investigating a company for the alleged breach of the REALB Act

By Naveel Krishant
Wednesday 10/06/2020
REALB Board chairman Dr. Abdul Hassan.

The Real Estate Agents Licensing Board is investigating a real estate company that is alleged to have involved unregistered salespersons to carry out real estate activities in the country.

Board chairman Dr. Abdul Hassan says they have received a complaint and their Compliance and Monitoring team has begun its investigation into the case.

Dr. Hassan says the company is operating in Nadi where these persons were working prior to the complaint received by REALB.

He adds the agent is believed to be allegedly breaching the provisions of the REALB Act.

Dr. Hassan further says this is allegedly done through engaging people who are not approved by REALB to act as salesperson.

He adds they have instructed the real estate agent to send the detailed report to the Board adding they have received the response from the concerned company, but further investigation is required.

Dr. Hassan says the advise to other real estate agents is that it is unlawful for the agents to employ his or her staff as salespersons if they are not granted certificate of approval to be involved in buying and selling of properties or other real estate activities.

He further says they would not entertain such conduct and actions from the agents as it makes difficult for the Board to enforce the provisions of the REALB Act adding for such agents, disciplinary actions will be taken.

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