New agreement formalised for Fiji’s real estate market

FCCC CEO Mr. Joel Abraham and acting CEO REALB Mrs. Virisila Tuimanu. Picture: SUPPLIED

A NEW agreement has been formalised in an effort to make Fiji’s real estate and property rental market more competitive, efficient and fair.

The Memorandum of Understanding (MoU) signed between Fijian Competition and Consumer Commission (FCCC) and Real Estate Agents Licensing Board (REALB) will see the two organisations working collaboratively towards enhancing competition and fair practices in the real estate and property rental market.

While the FCCC has the general responsibility of ensuring public welfare through the promotion of competition, fair trading practices and consumer protection under the Fijian Competition and Consumer Commission Act 2010 (FCCC Act 2010), REALB is primarily responsible for licensing of real estate agents, granting certificate of approvals to salespersons who meet the criteria, provide approvals for branch managers and the location from which they are to operate from.

In this essence, both will recognise the importance of mutual consultation across a wide range of issues relevant to the real estate and the property rental market in Fiji.

More in today’s edition of The Fiji Times Business Section and in our E-Edition.

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