Protecting real estate investors
The Real Estate Agency needs to develop a plan going forward to ensure that people investing in property have reasonable protections, as are common in many other industries dealing with consumers’ money.
That goal will require a regulatory system that is more proactive, as opposed to one that’s complaint-driven. Waiting until complaints are filed is often too late; by then, the money is gone.
One option would be to look at some techniques adopted by more closely regulated professions, such as law, to see what could be adapted to real estate professionals such as property managers.
Category : Blog