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Regulations Regulations Regulations

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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 -

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