How the Real Estate Agency Council collects and uses sector data to support regulation, policy, and public trust.
REAC maintains a national database of real estate transactions and licensing records to support policy and decision-making — one of the Council's core functions under Act 1047, alongside licensing, compliance monitoring, training, and dispute resolution.
Application, approval, renewal, suspension and revocation history for every licensed agent, broker and firm.
Real estate transaction certificates and the quarterly compliance reports licensees are required to file.
Consumer complaints, disciplinary case outcomes, and enforcement actions taken under Act 1047.
Quick facts from the Real Estate Agency Act, 2020 (Act 1047).
Dividing fees or commissions with unlicensed persons is not allowed under Act 1047.
Instructors of real estate training must meet REAC's approved qualification criteria — Section 25(2)(b), Act 1047.
No institution may offer real estate training without REAC's approval — Section 25(2)(b), Act 1047.
Issuing certificates for real estate transactions is mandatory under Act 1047.
REAC shall maintain a register of licensed real estate agents and brokers — Section 40(1), Act 1047.
A real estate licence is issued to a specific person or firm and cannot be sold, assigned or transferred to another.
Licence totals, category breakdown, regional distribution and growth over time.
