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Illegal real estate agency on the rise…167 criminal cases in 2023

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    In “red” the illegal real estate agency – Citizens fall victim to charlatans – 167 criminal cases were registered in 2023 by the Council of Real Estate Agents

    The 167 amount to criminal cases registered in 2023 by the Real Estate Agents Registration Board (almost one case every two days) against natural and legal persons who appear to have violated the provisions of the Real Estate Agents Law 71(j) of 2010 to 2017.

    In a statement, the Real Estate Agents Registration Board states that in total, in 2023, 15 legal entities and 45 natural persons were tried and convicted for illegal real estate brokerage, strong>which were involved in 35 cases, while dozens of other cases are pending. its effectiveness in the effort it makes to combat the problem of illegal real estate brokerage'and adds that “the number of complaints from citizens and licensed estate agents, as well as the information collected and assessed by the Council's team of inspectors demonstrate the extent of the problem”.

    He also states that over the past year he has numerically and qualitatively strengthen its team of inspectors to detect illegals and register criminal cases against them whether they are natural or legal persons.

    The Real Estate Agents Registration Board states that it publishes on its website, ktimatomesites.com, at regular intervals the names of convicted natural and legal persons.

    According to the announcement, the President of the Council, Marinos Kynaigirou, said that “our efforts to combat illegal real estate brokerage are continuous and for this purpose we use all the means available by law.

    “We have made it clear to everyone that we are determined to deal with the gangrene of illegality, which seriously affects the livelihood of licensed real estate agents,” he says and adds that “the numbers of cases brought to court prove for another year that we do not mince our words.” .

    Our goal and purpose, said Mr. Kynaigirou, “is beyond the safeguarding of our profession and the protection of unsuspecting citizens, who are at risk of falling victim to charlatans and to lose money and savings of a lifetime as unfortunately we have seen it happen several times”.

    Finally, he called on citizens to be suspicious and not hesitate to ask people, who they are introduced as real estate agents, the necessary evidence (annual professional license or professional identity card for the current year), so that they can confirm that they are licensed real estate agents.

    The confirmation of the data, according to the announcement, it can be done easily and quickly through the website of the Council of Registration of Real Estate Agents and by contacting an officer of the Council on the phone 22666377, by fax on 22518490 or on the email [email protected].

    Source: cyprustimes.com

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