Commission under spotlight

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(1st from Left) Real Estate Licensing Board chairman Dr Abdul Hassan with (1st from Right) former Real Estate Association president Vyas Deo Sharma at the Real Estate Agents Act Review public consultation in Laiutoka. Picture: REPEKA NASIKO

COMMISSION charged by real estate agents was one of the concerns raised during the Real Estate Agents Act amendments consultations held in Lautoka yesterday.

Real Estate Agents Licensing Board chairman Dr Abdul Hassan said under the current Real Estate Agents Act, the charge was not regulated.

“As you know when a real estate agent is involved in selling a property, they charge commission,” he said.

“Some people have complained about the commissions that are being charged by some real estate agents.

“At the moment the Act does not have a limit on the commission that each real estate agent can charge.”

He said the board hoped to include a new regulation that could ensure that commissions were not exorbitant.

The consultations were in the Western Division this week.

“What we are trying to do is to see what changes need to be done to the Real Estate Agents Act which has been in effect since 2006,” said Dr Hassan.

“We have been through the Northern Division in Labasa last week and now we are in the Western Division where we had covered Sigatoka, Nadi yesterday and today we are here in Lautoka and in the afternoon we will be in Ba.

“People should come by and make their submissions because this Act not only affects real estate agents but everyone that deals with a real estate agent.

“They need to know the laws that govern this particular sector.”

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