International award winning Radar Properties among 74 deregistered real estate agents +full list

 

Radar Properties which won Best Mixed-Use Development and Best Development Marketing in Zimbabwe at the International Property Awards- Africa region is among  74 real estate companies  thathave been delisted by the Estate Agents Council of Zimbabwe..

In a statement in which they named the deregistered agents,  EACZ noted the increase in the number of people who have fallen victim to unscrupulous estate agents who are in the business of marketing fake properties on the internet in order to defraud clients.

“Some members of the public are victims of bogus estate agents who frequently win them over by making advertisements on both traditional and modern media platforms like Facebook and WhatsApp.

“Those two certificates should have their authenticity checked with EACZ,” EACZ said.

https://zimbabwenow.co.zw/articles/701/radar-properties-gets-ipa-awards

The council advised the general public to deal with registered estate agents only and further urged the council to show the firm’s current year Compensation Fund Certificate and the Personal Registration Certificate of the estate agent.

In 2020, EACZ delisted 79 real estate agencies on alleged financial impropriety.

In some cases, rogue estate agents have been selling properties on behalf of clients and converting the money to their own use.

There are also widespread cases involving dishonest agents who sell a property to more than one buyer.

There have also been cases in which some agents sell properties without permission from the owners while some agents have also been selling non-existent properties.

The proliferation of bogus real estate agents has indirectly been caused by the high demand for home ownership among locals with the national housing backlog sitting at 1,5 million, according to authorities.

 EACZ has also repeatedly warned the public against dealing with a crop of fraudsters calling themselves accommodation agents who illegally charge tenants to secure rental space.