A law will be coming into force in the coming days providing for the issuance of a license for real estate agents, real estate brokers and real estate consultants.

The announcement was made by Parliamentary Secretary for Lands and Construction Chris Agius, who also explained what this will involve.

He said that this law will require any person who is involved as an intermediary in the sale of property to be licensed, except for those who do not carry out more than two transactions per year.

Every person who will be working as a property agent, property consultant, branch manager and property broker must have a certificate showing that they have attended a course at an accredited institution with at least 12 or 8 ECTS at level 4.

The Parliamentary Secretary said that each licence will be valid for 5 years and may be renewed if the licensee meets the criteria required by the Board.

He concluded by saying that he is “convinced that this law will bring more transparency and more peace of mind for everyone who interacts with the sector.”

Photograph by Alain Salvary

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