The Real and Estate Stakeholders Association (RESA) has reaffirmed its dedication to improving transparency and protecting buyers in the real estate and land acquisition sector.
Amid growing concerns over fraudulent practices and land ownership challenges, RESA is stepping up efforts to ensure integrity and security for all involved in land purchases.
RESA is urging buyers to exercise caution by only purchasing land from registered and accredited sellers.
To safeguard buyers, the authority has launched a program aimed at protecting individuals at risk of losing their investments to fraudulent schemes.
The initiative guarantees that no investor will face financial losses due to dishonest practices in land transactions.
Chairman of RESA, Kinyua Wairatu emphasized the organization’s commitment to maintaining high standards of integrity within its membership, vowing to eliminate fraud and manipulation in the real estate industry.
“It pains a lot to see Kenyans lose their money when they invest with companies which have dubious deals. We are telling them to only focus on RESA affiliated companies. This is the only place where they will find hope. We have tasked our members to ensure that incase of any eventuality, customers will have their money or land, “said Wairatu.
He expressed concern over the rise of unregulated “briefcase companies” that take advantage of unsuspecting buyers, leaving them vulnerable to financial ruin.
The chairman also highlighted the struggles faced by Kenyans in the diaspora, who have been victims of deceitful land sellers.
“From the time started RESA, we have tirelessly ensured that our members have followed the integrity steps. We have a lot of complaints especially from Kenyans in the diaspora but I can assure you that we are working to make this sector clean,” he said.
To address this, RESA is working on robust mechanisms to protect Kenyans and other investors from falling prey to such fraudulent activities, ensuring that their investments are secure.
RESA’s efforts have been ongoing behind the scenes, implementing strategies to resolve issues in the land acquisition process.
While their work may appear understated, the organization has been working tirelessly to safeguard the interests of land buyers.
With these new initiatives, RESA aims to create a future where land ownership is more secure and trustworthy, free from the fraud and exploitation that have long plagued the sector.
