Sothebys International Realty Commercial Logo
You are here: Sothebys International Realty Commercial / Latest News / Regulations Regulations Regulations

Regulations Regulations Regulations

SHOWING ARTICLE 15 OF 23

Regulations Regulations Regulations

The latest round of legislation governing Estate Agents, will have a profound affect on the Regulator being the Estate Agency Affairs Board.  The issuing of Fidelity Fund Certificates in order to be paid your commission that has been earned, will be compounded by a 5 to 10 fold increase in numbers of practitioners added to the industry who must now be regulated, trained and licenced.  Currently, the EAAB is significantly in arrears in issuing such FFC's and there is a constant battle to secure same even when the practioner has been compliant for many years.

Secondly, the industry has been changing its processes and policies to adapt to the POPI Act, which governs how data records of clients are acquired, stored and maintained.

The cost in time, management processes and resources is eliminating new business start ups - securing a principal licence with capital to back you, and time to develop into a market is preventing entrepreneurs from entering the industry.  

We have adapted our business model to allow for the entrepreneurs to join, be licensed under our Company, to develop a Team, and secure your marker share - while we take care of the back office for you 

 

 

Author B Townes
Published 21 Jan 2022 / Views -

Airport Industria, Western Cape

As the gateway to what is essentially the southernmost point of aerial entry into South Africa and the African continent, Cape Town International Airport is of immense strategic importance. It's......Read More
Rare Sea Point Accommodation for sale
NEW
30 Photos Mapped Plans
R15,000,000

1,351m² Building For Sale in Sea Point

-
-
This property features multiple offices, meeting rooms and board rooms. With an impressive parking ratio, it is a rare...
Disclaimer:  While every effort will be made to ensure that the information contained within the Sothebys International Realty Commercial website is accurate and up to date, Sothebys International Realty Commercial makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.