Find answers to the most common questions about REAC’s licensing, compliance,
and regulatory processes under Act 1047. Click on a question to expand and read more.
No. Under Act 1047, a company must first obtain a broker’s licence from REAC before carrying out real estate agency services.
A broker’s licence authorizes an individual or company to supervise real estate transactions. An agent’s licence allows an individual to operate under the supervision of a licensed broker.
Yes. A company may apply for a broker’s licence (corporate broker) but must appoint a designated officer who holds an individual broker’s licence.
You must be at least 21 years old, of good character, hold at least a diploma in real estate-related studies or equivalent, and pass REAC’s broker examination (unless exempt under transitional provisions).
Yes. Under Section 59 of Act 1047, individuals with more than 5 years of proven practice before the law came into effect may qualify for licensing without examination, subject to REAC’s approval.
Licences must be renewed annually.
Yes. The company needs a corporate broker’s licence. The designated broker needs an individual broker’s licence. Each agent needs an agent’s licence.
Application form, proof of ID, educational qualification (minimum diploma), evidence of experience, police clearance, tax clearance, TIN, passport photos, and payment of application fees.
Application form, proof of ID, police clearance, affiliation with a licensed broker, tax clearance, passport photos, and application fees.
The company must immediately notify REAC and appoint a new licensed broker. Until then, the company and its agents cannot legally operate.
Yes, but only under the supervision of a licensed broker. All sales agents must also obtain individual agent licences.
No. By law, every agent must be affiliated with a licensed broker.
Yes. A company may employ an external licensed broker, but that broker must hold a valid REAC broker’s licence before being designated to act on behalf of the company.
The company must first obtain its corporate broker’s licence and the external person must apply separately for an individual broker’s licence. Both must be approved before the company can legally operate.
Yes. REAC is empowered under Act 1047 to monitor compliance, inspect offices, review transaction records, and enforce standards of practice.
Yes. Under Act 1047, REAC regulates advertisements in print, electronic media, and online platforms to ensure compliance and protect the public from false representation.
You cannot legally carry out real estate transactions until it is renewed.
Yes. Act 1047 imposes sanctions including fines and possible imprisonment for unlicensed operations.
Yes. REAC maintains a national register of licensed professionals, which will soon be accessible online.
You may file a complaint through REAC’s office or website. A complaint resolution mechanism exists under Act 1047 to handle disputes, client grievances, and disciplinary matters.
The annual registration fee for Agents is GHS 1,350.00.
The annual registration fee for Brokers is GHS 2,850.00.
The annual registration fee for Developers is GHS 2,850.00.
The annual registration fee for Marketers is GHS 2,850.00.
The annual registration fee for Facilities/Property Managers is GHS 2,850.00.
The fee is the Cedi equivalent of US $250.00.
The fee is the Cedi equivalent of US $250.00.
Sales surcharge is GHS 125.00 and lettings surcharge is GHS 50.00.
Sales & Purchase Certificates cost GHS 125.00 while Rental Certificates cost GHS 75.00.
Each registered agent under a Broker, Developer, or Marketer pays GHS 250.00.
Reinstatement fee is GHS 750.00, suspension fee is GHS 250.00.
Replacement and amendment of licence certificates each cost GHS 250.00.
A copy of the Register of Brokers & Agents costs GHS 3,750.00, while the National Transactions Database costs GHS 2,500.00.
• Course Fee (Agents): GHS 750.00
• Course Fee (Brokers/Marketers/Developers): GHS 1,250.00 each
• Examination Fee: GHS 875.00
• Diploma Certificate: GHS 375.00
• Exemption Application per subject: GHS 75.00
Course provider accreditation fee is GHS 1,000.00 and per-student course fee is GHS 750.00.