Revocation of Licence - Regulating the Ghana Real Estate Agency Sector - REAC
705
wp-singular,page-template-default,page,page-id-705,wp-theme-bridge,bridge-core-2.7.2,qode-page-transition-enabled,ajax_updown_fade,page_not_loaded,,qode_grid_1200,footer_responsive_adv,qode-theme-ver-25.7,qode-theme-bridge,qode_advanced_footer_responsive_1000,qode_header_in_grid,wpb-js-composer js-comp-ver-6.6.0,vc_responsive

Revocation of Licence


Revocation of Licence

Under Section 32 of the Real Estate Agency Act, 2020 (Act 1047), the Real Estate Agency Council (REAC) has the authority to revoke the licence of a broker, agent, or real estate firm where serious breaches of the law, professional misconduct, or disqualification grounds are established.

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  • A person or firm whose licence has been revoked may, after two years, apply to the Council for a new licence.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.

📘 View Code of Conduct

📄 Appeal or Reapply