The Real Estate Institute of Botswana (REIB) is celebrating 25 years of existence and service in the country, which has led to a number of developments in the real estate sector and economy.
REIB is an association registered under the Societies Act of Botswana to represent the interests of property professionals, government, parastatals, general public, commercial organisations, property investors, financial institutions and banks on matters relating to land and landed property.
It also promotes and encourages the highest level of professional standards on real estate services by members.
REIB president, Maje Maje said as a way of celebrating the silver jubilee, they are working on educating the general public about the real estate business.
“Having started our operations 25 years ago we are celebrating a milestone, which came with challenges and success stories along the way,” he said.
Maje further said REIB’s greatest challenge is fly by night operators that tend to cheat customers, by promising property that does not exist then disappear upon being paid a deposit.
As part of celebrating the silver jubilee REIB will host a number of events such as a conference, celebration dinner and a number of activities that will involve direct and indirect stakeholders in a bid to sensitise real estate knowledge to the general public.
The institute has a membership of more than 350 professionals specialising in areas of estate agency, property management, property valuations and auctioneering.
“This pool of professionals are the ones advising the government, general public, property investors, commercial organisations, parastatals, financial institutions and banks on matters or transactions relating to land and landed property mostly on a daily basis,” he said.