The Department of Human Settlements has kick-started a series of national public information sessions to ensure that more South Africans become accustomed to the content and purpose of the draft regulations to give effect to the Property Practitioners Act.

Rebosa welcomes request for probe into Estate Agency Affairs Board

How often do we see those adverts “perfect for home-office” or “ideal for business” on an estate agent’s advertising platform and take it as a given that the said property is in fact ‘ideal for business’? But often these advertising statements are either loosely, incorrectly or deceitfully used in order to make a property more attractive to buyers.

The Estate Agency Affairs Board is gratified at the positive response received from CPD participants on the first three-year CPD cycle (that is to say, ed excluding intern estate agents, who had been issued with fidelity fund certificates for the 2015, 2016 and 2017 calendar years respectively) to ensure timeous compliance with any outstanding CPD obligations.

Recent reports which point to dishonesty during the financial management of sectional title schemes by managing agencies have resulted in trustees reviewing the agreements in place with their managing agents and insurers as well as their fiduciary roles as trustees.

Former estate agent Wendy Machanik has been fined R1.5m after pleading guilty to 90 counts of theft

The internet may be key in helping the South African property market regain some of its lost confidence, says James Thorburn, MD of Property Auction Online.

In the residential property sector most of those who have studied the new Consumer Protection Act agree with Bonani that it very definitely lacks clarity and is difficult to interpret.

The regulatory powers of the Estate Agency Affairs Board needed to be strengthened so it could govern the industry more effectively, Department of Trade and Industry acting director-general Lionel October said on Friday.

A provisional order to wind up the affairs of Wendy Machanik Properties was granted in the High Court in Johannesburg on Tuesday, Standard Bank said.