LOCAL real estate agencies and stakeholders have been urged to work within the law and ensure that the industry is clean of unscrupulous dealers.
Minister for Industry, Trade and Tourism, Lands and Mineral Resources Faiyaz Koya raised this at the opening the Real Estate Conference for Agents and Salesperson at the Pearl Resort yesterday.
“The industry players must be able to understand and grasp what qualities and ethical responsibilities they should acquire and hold in the performance of their business activities,” Mr Koya said.
“Regulatory authorities like the REALB and the Fiji Consumer and Competition Commission (FCCC) will work closely to target misleading and deceptive behaviour in the property industry as a whole.”
Mr Koya stressed to participants as industry practitioners they hold a critical role in providing truthful and correct information to potential vendors and the public at large through their expert advice.
“I would like to see all stakeholders in the real estate industry working together, familiar rules and procedures pertaining to property transactions and ensuring that consumer’s rights are protected, he said.
He also commended the work done by the stakeholders saying that the growth of the industry is closely linked to the performance of the economy.
The two day conference, which ends today, will focus more on the; Code of Ethics and professional client care, understanding property transactions, the laws relating to real estate agency work.
