Real estate regulatory agency coming to clean up the sector
Tanzania, July 8 -- Dar es Salaam. Unscrupulous real estate agents and brokers could soon face tighter scrutiny as the government moves closer to establishing a Real Estate Regulatory Authority, a long-awaited reform aimed at professionalising Tanzania's property market and curbing fraudulent practices.
The planned authority is expected to regulate practitioners in the property sector, including brokers and agents, ensuring that only qualified and registered professionals are allowed to operate.
The Minister for Lands, Housing and Human Settlements Development, Dr Leonard Akwilapo, said the proposal has already passed key government processes and is now at an advanced stage before being submitted to the Cabinet for approval.
"We have r...
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