Real Estate Brokers sign MOU with Meqasa

Julius K. Satsi, GNA

Accra, Sept.12, GNA – The Ghana Association of
Real Estate Brokers (GAR) has signed a Memorandum of Understanding (MOU) with
Meqasa, a Real Estate Consulting Firm, to create a database of historic and
current real estate listings in the country.

The first ever Multiple Listing Services (MSL)
would provide support for agents to better manage portfolios and property.

The MoU would see the GAR serving as the
regulator in bringing together like-minded people in the real estate industry
while Meqasa will be responsible for building and maintaining the technology
that allows agents to interact and share accurate information.

Meqasa will also be responsible for organising
training courses for agents to better understand how the MLS works and how to
use it.

Speaking at the signing ceremony, Mr Kelvin
Nyame, the Chief Executive Officer of said: “The MLS is a one-stop
shop for access to information for GAR members (brokers and agents) to make it
easy for them to transact business, share information and also share property
with other agents.”

He said the MSL would provide a database where
real estate agents and brokers could access all listed property on a single
platform, adding, “Agents can market one another’s property in an effort to
close more deals and share the commission among themselves.”

Mr Nyame said Meqasa was committed to the
success of the MSL because it would help to prevent property duplicates and
ensure that the right listings with the appropriate information were

He said the service would go a long way to
solve the basic real estate problems that the industry had faced while expanding
the business to increase future prospects.

Madam Hanna Atiase, the Director of Education
and Training at GAR, said the Association had developed a training module to
facilitate the verification and certification of agents and brokers.

She said the MLS provided exclusivity to the
brokers and agents more than an ordinary online platform as it would be
regulated by rules set by the Management of GAR and Meqasa.

She added that the MLS also assure the public
of credibility since every real estate professional using the platform would be

Madam Atiase said: “It breeds trust among the
real estate agents and also between agents and property seekers,” adding that
the fact that property seekers would be dealing with a real estate professional
who was accountable to a regulatory body was an added advantage.

Mr Christian Nii Kpakpo Abbosey, the Public
Relations Officer for the GAR, said Meqasa was selected as the partner in the
roll out of the MLS because of its commitment demonstrated towards the growth
of the industry in Ghana.

The GAR, which was launched in July, this
year, is the country’s first association to regulate the industry.

It aims to raise the profile of real estate
brokerage industry and establish guidelines for professional conduct of brokers
and agents in Ghana.

The MLS will not be accessible to the public
but will strictly be limited to active GAR members as part of the Association’s
mission of protecting the public interest in real estate brokerage transaction
and to ensure that certified personnel were competent and morally fit to act as
real estate professionals.


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