GhiREB inducts first cohort of trained diaspora brokers

The Ghana Institute of Real Estate Brokers (GhIREB), a subsidiary of The Ghana Association of Real Estate Brokers (GAREB), has inducted its first batch of trained diaspora members in a move to improve professionalism, curb fraud and deepen diaspora investment in the country’s property market.

The induction followed a three-week online training programme covering land tenure systems, legal frameworks, property sales and rentals, immigration procedures, collateral mortgages and ethics. Graduates were registered, verified and examined, with a minimum 70 percent pass mark required to qualify.

GAREB President and Real Estate Agency Council (REAC) board member, Jacob Adofo Ansong, said the initiative would help address unregulated operations in the sector. He noted that many unlicensed agents have fuelled fraud and damaged the industry’s reputation.

“You cannot just come to Ghana and start doing real estate business. By law, you must affiliate with a Ghanaian brokerage before operating,” he stressed.

Mr. Ansong added that REAC is working to close gaps in licensing, push legislative reforms and set up committees to address industry loopholes. He said diaspora engagement could help reduce vacant housing and sustain sector growth.

African Continent Real Estate Listing Service (ACRELS) Chief Executive Officer, Louv Ford, described the training as a turning point in building trust between Ghana’s property market and the diaspora.

She said trust issues remained a major obstacle when marketing housing abroad and that understanding the country’s property laws and ethical standards would help bridge the gap.

The post GhiREB inducts first cohort of trained diaspora brokers appeared first on The Business & Financial Times.

Read Full Story