Dodgy Deals Get 74 Estate Agents Blacklisted

The Estate Agents Council of Zimbabwe (EACZ) has blacklisted 74 real estate companies operating in parts of the country for failure to register with the council and fleecing unsuspecting home seekers of their hard-earned money.

In a statement, EACZ noted the increase in the number of people who have fallen victim to unscrupulous estate agents who are in the business of marketing fake properties on the internet in order to defraud clients.

“Some members of the public are victims of bogus estate agents, who frequently win them over by making advertisements on both traditional and modern media platforms like Facebook and WhatsApp,” EACZ said.

The council advised the general public to deal with registered estate agents only and further urged the council to show the firm’s current year CompensationFund Certificate and the Personal Registration Certificate of the estate agent.

“Those two certificates should have their authenticity checked with EACZ. In 2020, EACZ delisted 79 real estate agencies on alleged financial impropriety.

In some cases, rogue estate agents have been selling properties on behalf of clients and converting the money to their own use.

There are also rampant cases involving unscrupulous agents who sell a property to more than one buyer.

There have also been cases in which some agents sell properties without permission from the owners while some agents have also been selling non-existent properties.

The proliferation of bogus real estate agents has indirectly been caused by the high demand for home ownership among locals with the national housing backlog sitting at 1,5 million, according to authorities.

Below are some of the blacklisted estate agents.

Adking Property Consultant AV Properties Bandia Phaphamani Construction Barnes Estate Pvt Ltd Belari Properties Bronilly Consultancy Call Green Real Estate Cape Valley Properties Chacco Properties Cloud Archers Property Consultants Comel and Richard Properties Countrywide Property Consultants Dale Upmarket Real estate Declan Properties Destiny Land Developers Diamond Properties and Construction Elite Real Estate Excellence Properties First Property Solutions Fortress Wealth Real Estate Glory Zone (Pvt) Ltd Consultancy Goodwin Accomodations GrounTech Investments Hagna Real Estate Heritage Hillstate Properties Icon Property and Construction P/L Impact Homes Properties Income Properties Kavande Property Consultancy Kura Chihota Liam Palm Properties Loveness Accommodation services MacMillan Properties Maidettie Properties Marondera Property Guide Megasire Property Investments Millennial Property Group Million Dreams Emterprises MunMarsh Realty Murano Properties Northway Real Estate Pacali Hizy (Pv) Ltd Parity Reai Estate Property Connexion Property Consultant Property Hub Property Mart Quantum Real Estate Radar Properties Rance Estates Rant Dutoit Property Developers Real Champion Real Estate Rentserve River-run Properties Royal Innovations Sean the Property Mogul Serenity Properties Silver ran real estate So-Lex Real Estate Solo accommodation services Sparkles Properties The Property Hub Third Heaven group Construction Tri-fold Real Estate Tussle Hill Property Valentine Properties Value Volt Properties Veluntina Investments Verisum Properties Veritable Properties Whitecroft Properties Zick Multimedia Zimcoweb Properties. ZimLive