RERA should formulate laws and regulations to govern the operation of real estate business in the state and use appropriate legitimate means and monitoring to ensure compliance by developers and real estate practitioners, stressing that the body should also have authority to take disciplinary actions, impose fines, or revoke licenses of entities found to be in violation of its regulations. The Broker who made this known in an interview with property reporters, equally seeks the registration of real estate practitioners, including brokers, developers and property management companies to ensure that only qualified and competent individuals and entities operate in the market.
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