In a scathing judgement handed down from the High Court on 15 March, the failure of the Estate Agency Affairs Board (EAAB) to issue Fidelity Fund Certificates (FFCs) to the applicant estate agents has been found without merit.

“In our experience some of the banks are deciding where buyers can and cannot buy by declining home loans on certain properties (and in certain areas), where I know another bank will grant a mortgage.

The honourable Minister of Human Settlements, Lindiwe Sisulu published the Property Practitioners Bill on 31 March 2017 giving all stakeholders 30 days to comment.

The real estate industry has been placed under an uncomfortable spotlight yet again with the reported posting of a blatantly racist property advert by Dick and Sue Home Finders on the property portals.

During his State of the Nation address on Thursday evening, President Jacob Zuma commented on the property market saying that, “This sector in our country is valued at approximately R7 trillion, with the subsidised sector being valued at R1.5 trillion”. 

The Estate Agency Affairs Board (EAAB) has announced that non-executive directors of estate agencies need no longer comply with all the educational requirements applicable to estate agents.

The Estate Agency Affairs Board (EAAB) is gratified to announce the successful establishment of a Multi-Stakeholder Group comprising both itself and estate agency sector representative organisations.

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