THE new president of the Real Estate Institute of Zimbabwe (Reiz), Nico Kuipa, has vowed to deal with dubious estate agents that have mushroomed in the property sector.
“Together with the Estate Agents Council, the Real Estate Institute of Zimbabwe will step up fights against illegal or bogus estate agents,” Kuipa cautioned.
A number of unregistered estate agents are currently operating, causing competition and significantly taking over business from the legal agents. This has been of great concern to established estate agents and local authorities.
Transactions executed by unregistered estate agents are usually not recorded or accounted for and this has had a negative impact on authorities like the Zimbabwe Revenue Authority (Zimra).
Kuipa was elected president of Reiz at the institute’s annual general meeting and Winter School held at Leopard Rock in Mutare last month.
He had been vice-president of the institute for two years.
He took over from Abraham Sadomba, the managing director of CB Richard Ellis. Craig Friend from Pocock & Co is now the vice-president.
“This election came as a fitting tribute to a professional with in-excess of 13 years property industry experience covering property management, valuations, development and sales, and who has contributed a lot to the institute,” Reiz said.
Kuipa, who is general manager of Southgate & Bancroft estate agents will head the institute’s activities until next year.
“As new president, my vision for the institute is to continue with several initiatives adopted a few years ago,” Kuipa said.
He said the initiatives include promotion of interaction between members of the institute and other bodies, seminars, students training and establishment of a research arm.
Kuipa has also worked for several other estate agents, which include CB Richard Ellis, Knight Frank and Old Mutual Properties.