8 November, 2017, 12:00 am
THE Real Estate Association Fiji is proposing a freeze on the number of agents that should be allowed to operate in the country for the next three to five years.
Association president Vyas Sharma said the suggestion from the association stemmed from the increasing number of complaints received about bogus agents in the country.
There are 74 registered real estate agents in the country with 16 more pending approval from the Real Estate Agents Licensing Board.
Mr Sharma said the freeze could be an avenue to control the number of agents working in the country.
“We are proposing that anyone who comes into the industry must have five years of experience in real estate,” he said.
“We have received a lot of complaints about bogus agents and some have even formed their own associations.
“We pay a hefty amount of fees to the board and if we do something wrong we pay up to $30,000 in fines. But bogus agents are out there evading tax and making money. We hope the relevant authorities will look into it.”