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Friday, June 16, 2006

Real Estate Registrar to set prices for real estate agents

A Registrar of Real Estate Agents will be established to prescribe fees and charges that real estate businesses should charge.

To be covered in a Real Estate Bill, the move is expected to bring some form of order into the real estate industry, which has been operating without any regulations.

Concerns have been raised in the past about the dishonest and unethical practices of the real estate industries. Allegations raised against the real estate industry vary from how it inflates land and housing prices and in selling land parcels and houses without the consent of landowners or through loopholes.

One concern was the leasing of land or houses over the Internet where money exchange was not taxed.

Note from GV : Individuals and groups that need investment advice can use our company, Gilbert & Samuels Company Limited. Our principal, Gilbert Veisamasama Jr, is a Investment Advisor licensed by the Capital Markets Development Authority. Our contacts are : telephone +679 3396427 or e-mail gilbert@connect.com.fj.

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