Move to flush out false realtors :: Mmegi Online

Lack of regulation in the real estate profession has seen an avalanche of unscrupulous practitioners and sky- rocketing prices of property Botswana, says the Publicity, Marketing and Communications Officer of the Real Estate Advisory Council Board.

Montshwari Mooketsi, who is also the former president of the Real Estate Institute of Botswana (REIB), told a press conference at Maharaja Conference Centre in Gaborone yesterday that there are currently 250 registered estate professionals, that is estate agents, property auctioneers and property valuers. However, the numbers of people practising without permission grows by the day and contributes to the soaring of property prices.

Mooketsi said his organisation will undertake a thorough assessment of the industry beginning March 1 when all professionals in the property sector will be registered.

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Move to flush out false realtors

Lack of regulation in the real estate profession has seen an avalanche of unscrupulous practitioners and sky- rocketing prices of property Botswana, says the Publicity, Marketing and Communications Officer of the Real Estate Advisory Council Board.

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