REAC gets tough on real estate malpractice :: Mmegi Online

The Real Estate Advisory Council (REAC) is in talks with the Ministry of Infrastructure and Housing Development to develop an Act that will stamp out malpractice within the property arena, including the proliferation of rogue estate agents.

REAC chairperson, Montshwari Mooketsi told BusinessWeek that the Act, which is part of the Council’s five-year strategy, would regulate the property industry as a whole. “We have engaged the Ministry to help us come up with an Act that will expand the existing one to cover rental segments as well because we want to regulate the whole industry,” he said on Wednesday at the Property and Infrastructure Forum.

To ensure full regulation of the sector, Mooketsi said the Council would also engage the Botswana Police Services and other security agents as they have the capacity to cover the whole country.

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