Trust accounts: unnecessary expense or necessity?
Trust accounts – for many owners of small estate agencies being forced to have a trust account, which an estimated 70% of estate agents don’t
Trust accounts – for many owners of small estate agencies being forced to have a trust account, which an estimated 70% of estate agents don’t
The Covid-19 pandemic has brought about something of a digital gold rush, with businesses moving swiftly to meet the escalating demand from customers to browse, shop, meet and pay online.
The protection of the consumer is one of the principal reasons why the Estate Agency Affairs Act makes keeping a trust account mandatory for all estate agencies ….
The new Property Practitioners Act (PPA) and its Regulations paved the way for property practitioners using “accredited payment processing agents” to apply for exemption from operating their own trust accounts.
What do the draft regulations under the Property Practitioners Act say about trust accounts, FFC renewals, attorneys that sell property etc? The time to speak up about the possible shortcomings are short.
In 2023, Rebosa saw its membership grow by 21% year-on-year. Outgoing Chairman Tony Clarke shares what the association has achieved on behalf of the industry in the last year.
The new PP Act which came into effect in February this year paved the way for a new dispensation in the industry, but indications are that the legacy left by an inept EAAB is a major cause for concern.
She is optimistic that the new Property Practitioners Authority (PPRA) will be able to deliver on the changes set out in the new Property Practitioners Act (PPA) which came into effect at the beginning of February.
Seeing that the new property laws have come into effect under the Property Practitioners Act (PPA) at the beginning of this month, both homeowners and the property industry at large now have new options available to them when choosing how to manage their deposit.
With the coming into effect of the Property Practitioners Act, 2019 as of 01 February this year, the regulatory landscape will change for estate agents.