Revocation of Licence

Grounds for Revocation

• Obtaining a licence by fraud, misrepresentation, or concealment of material facts.
• Conviction of an offence involving dishonesty, fraud, or moral turpitude.
• Engaging in conduct detrimental to the integrity of the real estate profession.
• Persistent breach of the Code of Conduct or the provisions of Act 1047.
• Failure to rectify issues that led to a prior suspension within the period allowed.

Procedure for Revocation

1. The Council notifies the licence holder in writing, specifying the reasons for proposed revocation.
2. The licence holder is given a fair opportunity to respond and appear before the Council.
3. After due consideration, the Council may revoke the licence if the evidence supports the allegations.
4. A copy of the revocation decision is served on the licence holder and recorded in the official register.

Effects of Revocation

• The individual or firm shall immediately cease to operate as a real estate broker, agent, or company.
• The revoked licence must be returned to the Council without delay.
• Any continued practice after revocation constitutes an offence punishable under Act 1047.
• The Council may publish the revocation in the national register or official gazette for public notice.

Re-Application After Revocation

• A person or firm whose licence has been revoked may, after two years, apply to the Council for a new licence.
• The applicant must demonstrate full compliance with all provisions of Act 1047 and rehabilitation of conduct.
• Re-issuance is at the sole discretion of the Council, based on the applicant's credibility and conduct record.

Revocation is a serious disciplinary action aimed at maintaining professionalism and public trust in Ghana's real estate sector. REAC remains committed to ensuring that only qualified, ethical, and law-abiding practitioners operate in the industry.