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.

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.

Tuesday, 06 November 2012 16:16

Wendy Machanik fined R1.5m

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.

Thursday, 07 April 2011 02:00

Delays with CPA anticipated

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.

Wednesday, 09 February 2011 02:00

Wendy Machanik Properties to be wound up

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.

Tuesday, 25 January 2011 02:00

Estate agencies are sufficiently regulated

The problems now being experienced by Wendy Machanik Properties, which is under investigation by the Estate Agency Affairs Board for alleged misuse of trust funds, have strengthened the perception in some people’s minds that residential real estate agencies are unregulated

Monday, 24 January 2011 02:00

Estate agents regret Machanik’s downfall

Property players yesterday expressed sadness at the downfall of property doyenne Wendy Machanik, but welcomed a widespread investigation into malpractice in the industry by the Estate Agency Affairs Board.

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