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Real Estate Agency Law and Practice in Ghana - Blue/White

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Real Estate Agency Law and Practice in Ghana (2024), co-authored by Kwaku Obeng Mireku and Angelina Awa, provides a comprehensive and practical examination of the legal framework governing the real estate agency profession in Ghana. The book serves as a vital resource for practitioners, students, and legal professionals navigating the Real Estate Agency Act, 2020 (Act 1047), which transitioned the industry from an unregulated informal sector to a formal, licensed system. It blends academic legal analysis with operational guidance, covering everything from the functions of the Real Estate Agency Council (REAC) to the anti-money laundering obligations of practitioners.

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Key Features

Act 1047 Compliance: Detailed guidance on the Real Estate Agency Act, 2020, including the mandatory licensing requirements for all brokers and agents operating in the country.
Professional Standards & Ethics: A breakdown of the statutory code of conduct and performance standards designed to ensure transparency, accountability, and the protection of client interests in property transactions.
Financial Regulations: Clear explanations of the rules for handling client funds, including the mandatory use of trust accounts and the strict prohibition of cash payments to curb money laundering.
Operational Best Practices: Practical instruction on using standardized REAC transaction forms, maintaining physical business locations, and the legalities of broker-agent affiliations.
Dispute Resolution: Insight into the legal mechanisms for conflict resolution, including the powers of the Appeals Committee and the use of mediation and arbitration in real estate disputes.