"I receive many complaints about the activities of real estate intermediaries, when ethics, respect for customers is disregarded, sellers and buyers of land and housing are deceived, doubts arise over transparency of activities of these persons and taxes paid by them," said MP Masiulis.
According to him, the market lacks transparency, while residents have no one to complain about inappropriate activities of intermediaries.
"Customers of banks may ask for interference from the Bank of Lithuania, it is possible to report about activities of judges, lawyers to their authorities, while there is no one to turn to over the activities of real estate agents and defend interests of residents. There is no mechanism for real estate agents to receive sanctions for their fraudulent activities (). Residents may turn to courts, yet it is a long and expensive process, therefore, it is unaffordable for those who are not rich and do not have legal knowledge," said Masiulis.
