Fiji’s Real Estate Board Takes Bold Steps Against Unlicensed Agents

The Real Estate Agents Licensing Board (REALB) of Fiji conducted its quarterly talanoa session today, focusing on fostering open communication between industry professionals regarding ethical standards, performance, and challenges faced within the real estate market. Registrar Peni Komainavoka highlighted the importance of these sessions, allowing agents to express their concerns, discuss regulatory issues, and collaborate on enhancing the industry’s professionalism and reputation.

During the session, a significant concern addressed was the rising number of unlicensed agents operating illegally, who entice potential buyers and tenants by advertising properties without valid licenses. Komainavoka stated, “Some of the major concerns that have been raised today are about the presence of bogus agents in the market and the enforcement side of the law.” He mentioned that over the past three years, REALB has referred nearly 30 cases of such agents to the police, especially those involved in illicit advertising via social media and emails.

However, Komainavoka acknowledged the limitations within the current enforcement framework, noting, “Under the law, our powers are limited in prosecuting those who are unlicensed.” The Board has proposed amendments to the existing laws to grant it direct prosecution powers, which would require additional resources and structural reorganizations to strengthen enforcement capabilities.

This emphasis on ethical conduct aligns with previous remarks made by Deputy Prime Minister and Trade Minister Manoa Kamikamica, who has stressed the necessity for the real estate sector to adopt ethical practices that contribute positively to the nation’s economic recovery. He encouraged collaboration among stakeholders to ensure that the real estate industry plays a vital role not just in property sales, but in fostering sustainable community growth.

The focus on modernizing regulations in the real estate sector signals a hopeful direction, as authorities and professionals work together to create a safer and more transparent market for all Fijians. By addressing the challenges posed by unlicensed agents, the industry is expected to build stronger trust with consumers and improve its overall integrity. This collaborative approach could pave the way for a more resilient real estate sector that supports both economic stability and community development.