GREPA concludes pre-license real estate education programme

The Ghana Real Estate Professionals Association (GREPA), in partnership with the ACME Institute of Real Estate, has successfully concluded a highly impactful 4-day pre-license education program, held from Dec 1  to 4  2025 and delivered under the auspices of the Real Estate Agency Council (REAC), the regulatory body responsible for implementing the Real Estate Agency Act, 2020 (Act 1047).

This marks a major step in equipping participants with foundational knowledge required for formal licensing and regulatory compliance under Act 1047 and professionalizing Ghana’s real estate industry.

Topics covered included fundamentals of agency practice, ethics and accountability, client representation, property documentation, ownership, fraud prevention, dispute avoidance, listing standards, and regulatory reporting.

Speaking at the closing session, program facilitators emphasized the urgency of structured training, formal licensing, and evidence-based practice to raise standards within Ghana’s real estate sector. Participants received orientation on the REAC licensing pathway, digital reporting requirements, and regulatory expectations for brokerage operations.

“This workshop demonstrates our commitment to building a transparent and credible real estate marketplace,” said Mrs. Victoria Osei Sampah, CEO of GREPA and ACME Institute of Real Estate. She emphasized that structured professional education, consistent monitoring, and adherence to Act 1047, remains critical to strengthening consumer confidence, improving service delivery, and enhancing accountability within the industry. Through this, the industry will witness improved professionalism and reduced property disputes.”

The program also highlighted the essential role of technology in modern real estate practice, including record-keeping, client follow-ups, and standardized marketing. Participants were introduced to MLS-based listing management, documentation procedures, and data compliance techniques aligned with global best practices.

CCIM training marks highest point of the programme

A highlight of the 4-day event was the introduction of CCIM’s commercial investment course – Introduction to Commercial Real Estate, delivered in Ghana for the first time and among the first in-person CCIM education sessions delivered on the African continent.

The CCIM segment introduced participants to foundational investment concepts such as Net Operating Income (NOI), Cap Rate, market cycles, investment risk, commercial lease structures, and analysis tools used by institutional investors around the world. Modules covered included lease structures, market cycles, investment tools, cash-flow modeling, income valuation, vacancy analysis, and investment forecasting, all designed to help Real Estate Professionals and REALTORS evaluate commercial grade assets confidently.

In an interview with Patrick Moore, a Board Member of GREPA and recently appointed Board member of the National Association of REALTORS, he reaffirmed that: “Ghana is ready for structured advancement into commercial real estate. The interest level, analytical appreciation, and willingness to invest in this practice area signal immediate growth potential. We now have the foundation to prepare professionals for investor-grade transactions and commercial advisory roles.”

The REAC Licensing Roadmap

Day 4 featured an official presentation by REAC, led Mrs Bridget Akyaa Gyasi who walked participants through the Real Estate Agency Act (Act 1047), its mandate, licensing requirements, ongoing inspections, compliance expectations, and reporting obligations. The REAC presentation highlighted the Council’s official roles which include:

• Licensing and registering real estate brokers, agents, and firms
• Maintaining a central database of practitioners
• Ensuring AML compliance and ethical standards
• Issuing transaction certificates
• Conducting periodic office inspections
• Publishing brokers and agents in good standing

The session further outlined the licensing process, mandatory professional indemnity cover, eligibility criteria, and quarterly and annual reporting obligations. Under Section 49 and Section 52, practitioners were reminded that reporting must be digital and physical, and failure attracts penalty charges.

GREPA acknowledges REAC’s leadership in defining licensing standards and ensuring that training programs meet regulatory expectations, while ACME Institute provided curriculum delivery and student facilitation.

Next training window

Registration is now open for January 2026 and March 2026 cohorts, including an expanded CCIM module and regional delivery in Kumasi, Takoradi, Tamale, and Cape Coast.

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