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Filter: Estate Agent
Estate agents and their obligations under the new Anti-money Laundering Amendment Act

29 May 2023

Closely related to the recent greylisting of South Africa is the passing late in 2022 of the new General Laws... Anti-Money Laundering and Combating Terrorism Financing Amendment Act, 22 of 2022 (“Amendment Act”). The Amendment Act introduces several key changes to areas of law affecting trusts, companies and non-profit organisations in an attempt to tighter regulate these entities seen as prevalent to abuse for illicit criminal activities. Importantly for estate agents, changes have also been introduced to the Financial Intelligence Centre Act 38 of 2001 which affects all estate agents as Accountable Institutions. In this article we take a quick look at some of the main Amendment Act changes estate agents must take note of. 

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361
Article
Exploring the new Property Practitioners Act

21 March 2022

Most estate agents by now know that the new Property Practitioners Act has come into effect. Yet surprisingly, there is... still a lot of confusion about how the Act will affect Estate Agencies and their agents. To help, we have unpacked some of the key points to be considered by any estate agency and property practitioner.

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Article
The basics of starting a sectional title development

14 June 2021

I’ve inherited a piece of property that a few people have told me is ideal for a small sectional title... development. I know it will be costly and take time, but was wondering if you could briefly explain to me what will need to happen for me to make this a reality?

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543
Article
The Property Practitioners Act and BEE – new territory for many estate agencies

11 November 2019

I’m the principal of a small real estate agency that I started with my wife. Our turnover is about R4... million a year and I have 10 people, mostly agents, working for us. We are all aware of the new Property Practitioners Act. However, I understand that there are also BEE implications for small property agencies like mine? I’m very concerned about this and wonder if you could explain how it will affect my agency.

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462
Article
Why a Fidelity Fund Certificate is important for you and your estate agent

11 March 2019

I’ve finally received my qualification to practise as an estate agent, but am still waiting for my Fidelity Fund Certificate.... Some people say I can start practising as an estate agent as long as I’ve applied for my Fidelity Fund Certificate. Is this correct, and can I already practise as an estate agent?

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Article

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