Bywarren-What I hope Elbert means is that the regulations would be (I have my suspicions that I could be incorrect here)

1. Realtors check the land titles and guarantee true and clean title.

2. Realtors cannot sell condos or houses that do not have planning permission.

3. Realtors must have an escrow account that cannot be used as their private piggy bank (a lot of escrow accounts are their own personal accounts)

4.Gov't just needs to pass these laws and collect their property and sales taxes.

5.Realtors should be held accountable for the claims on their web sites -if they make false claims as some do (especially the ones who employ people who say they have been here for years and have been here that many months)-should be penalised in some way.

6. Realtors should employ local people not all foreigners.

7. pre construction contracts should have a start and finish date and all parties should be subject to penalties if contract adhered to i.e. Builder starts and completes/realtor checks that all is going ok (not for extra money but as part of his/her commissions,a sort of free service) purchaser has to pay monies on time-all governed by force major-all pre construction should be insured with a local re-insurer

Just my thoughts

Last edited by Pedro1; 06/16/08 10:03 AM.