People & News

Dodgy deals

Several members of the Estate Agency Affairs Board (EAAB), the statutory consumer protection body of the real estate industry, have admitted to being involved in financial irregularities and are in the process of repaying money to the board. They have since resigned following a forensic audit which was conducted into the board's finances.

According to Business Report, the EAAB is in turmoil amid allegations of financial irregularities and the failure to issue fidelity fund certificates to estate agents, some of whom have been waiting for over a year.

Article on Business Report

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