Why The Need For GAR?
November 13, 2018

Why The Need For GAR?

The real estate industry is one of the biggest and lucrative markets in Ghana. The rise of the real estate market over the past decade has been well documented with an impressive improvement in infrastructure. 

Developers, Surveyors, Valuers, Real Estate Lawyers, Agents and Brokers have all played major roles to contribute to the success of the industry.

The Real Estate market is potentially great because the demand is high. According to statistics, Ghana is one of the several African markets with potential for investments in affordable housing. It is estimated that the country has a shortfall of 1.7 million units.

Despite the success and growth of the industry, the brokerage sector of the real estate industry suffers a big deal due to fraudulent activities and unprofessionalism.

Traditionally, the role of Real Estate Agents has been limited to that of intermediaries between interested parties and vendors of properties. Most agents are persons with no particular training in the practice and ethos of real estate brokerage; and also with no identifiable office addresses or locations.

Additionally, the sector lacks appropriate internal control mechanisms, policies and training for effective regulation and streamlining the activities of Real Estate Agents/Brokers and transactions. These problems often lead to all sort of fraudulent and unscrupulous activities in the sector. The situations serve as disincentive for increased investments in the sector and also promote tax evasion in the country.

Ghana Association of Real Estate Brokers (GAR) is a Real Estate Association for Brokers and Agents in Ghana. GAR seeks to raise the profile of the Real Estate Brokerage industry and establish guidelines for the professional conduct of brokers and agents in Ghana.

The Association also provides guidance to brokers to ensure that they adhere to the association’s code of ethics and guidelines. One of GAR’s main agenda is to lead an active and relentless campaign in the Real Estate industry to establish a user friendly environment for the public and Investors where their interested is well protected in Real Estate Brokerage transactions.

GAR hopes to build the capacity of its members and associates to meet international standard through consistent training, workshops, seminars, mentorship and endless networking opportunities.

The Association which has a strong legal team will be working with regulatory and other state institutions to facilitate regulation of the activities of Agents, Brokers and other players in the Industry through self-regulation, licensing and issuing of punitive measures where necessary.

It is refreshing to note that with GAR, members of the association are assured of endless benefits and incentives.

Our mission is:

  • To protect the public interest in real estate brokerage transactions.
  • To ensure that certified personnel are competent and morally fit to act as real estate professionals.
  • Effectively administer, monitor and improve the quality of the certification examination, CE program, and post certification program.
  • To act in accordance with governmental entities and other recognized affiliations.

 

The Association’s training program would cover major areas in the Real Estate business like Real Estate Brokerage Laws, Management Courses, Practices, Transactions and many more.

This is to empower not only the association’s members; but other real estate brokers and agents with the proper real estate knowledge/training and appropriate tools to become certified and professional brokers and agents.

The association was officially launched on July 27th, 2018 in partnership with GHL Bank and Meqasa.  GAR Launch was commissioned by the Minister for Works and Housing, Samuel Atta Akyea and the President of GREDA, Mr.Kwakye Dopoah-Dei at the GHL Bank Forecourt.

We currently have 150 brokers as part of our association; our members are real estate brokers with tremendous experience and expertise in the real estate sector in Ghana.

 

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Ghana Association of Real Estate Brokers

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