IN a significant development for the real estate sector, Minister of Tourism, Industry, and Commerce, Oneidge Walrond, distributed Instruments of Appointments to members of the Guyana Real Estate Agents Authority during a ceremony held at her South Road office on Friday.

The Guyana Real Estate Agents Authority plays a crucial role in overseeing and regulating the real estate industry. Among its responsibilities are determining the qualifications for real estate agents and brokers, as well as managing the issuance, renewal, revocation, and cancellation of licences, among other key functions.

The authority is composed of five dedicated members, representing various sectors crucial to the real estate landscape.

These members include Sharon Roopchand-Edwards from the Ministry of Tourism, Industry, and Commerce; Chief Samsair representing the Realtor Association; Dhaneshwar Deonarine as the Representative of the Competition and Consumer Affairs Commission; Ayana Fable as the Representative of the Attorney General and Minister of Legal Affairs; and Samantha Reid representing the Private Sector Commission.

During the ceremony, Minister Walrond emphasised the importance of integrity and fairness in carrying out their duties. She urged the members to uphold the highest standards and assured them of her confidence in their ability to contribute effectively to the operations of the authority.

Addressing the gathered members, Minister Walrond stated, “I have full confidence in each of you as you take on the responsibilities bestowed upon you by serving on the Guyana Real Estate Agents Authority. Your dedication and commitment to ensuring a transparent and well-regulated real estate sector are commendable.”

The Minister wished the newly appointed members success in their roles and encouraged them to work collaboratively to uphold the principles of fairness, transparency, and accountability in the real estate industry.

The distribution of Instruments of Appointments marks a significant step in reinforcing the regulatory framework within the real estate sector in Guyana, signalling the government’s commitment to fostering a transparent and trustworthy real estate environment. As the Guyana Real Estate Agents Authority takes on its responsibilities, it is anticipated that the real estate industry will experience enhanced professionalism and increased public confidence.