Author: Andre Venter

Letter: New Bill will not stop illegal trading

If this system could allow for the capture of income tax numbers and payment to both the selling agent AND the agency, on transfer both will be paid independently of each other. Jim Alexander from PropertyTime Mossel Bay wrote: I have interacted with Rebosa on this issue and have read the new draft Property Practitioner’s Bill (PPB) and sent my comments to the Institute of Estate Agents of South Africa (Ieasa). In my opinion, Rebosa are grasping at straws if they think/hope/believe the PPB should address the issue. We seem to be missing the point that, as I emphasised...

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Western Cape ‘key constraint’ to house price growth

FNB remains of the opinion that the national market is strengthening The continued ‘normalization’ of housing prices in the Western Cape had a major impact on a surprisingly weak start to house price growth in 2018. According to the latest FNB House Price Index, by property sector strategist John Loos, the national year-on-year house price growth for the first quarter is merely 2.6%, down from 5% in the last quarter of 2017. The average price of homes transacted in March was just over R1 million. The ‘weak’ start to the year came as a surprise says Loos given the...

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Rebosa favours legislative route over legal action against EAAB

“The cost of legal action against the Board, the time it may take, with the strong possibility that the Bill will address the issue makes one hesitant to go to such lengths at the moment” Illegal estate agents are a massive issue, but Rebosa has more confidence in the proposed new legislation to address this than in legally trying to force the Estate Agency Affairs Board (EAAB) into action. Andile Ben-Mazwi, owner of RE/MAX ABM Properties wrote an open letter to the industry body Rebosa where Ben-Mazwi suggested estate agencies rally round to taking legal action against the EAAB...

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Attorneys charging 3% commission

3%.Com, through its founder Maartens Heynike, a practising attorney, has argued that the era of high commissions is over and that, in future, the standard commission charged for property sales will level out between 3% and 5%. Since the advent of 3%.Com, a nationwide franchise made up of attorneys, many traditional estate agents have been complaining about their impact on the industry, especially the deliberate marketing of only 3% commission for their services. Are they allowed to undercut the standard commission so dramatically? John Gilchrist, director of Property Law Publications, weighs it up. Are there any tariffs governing agents’...

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SEO Tactics: You can make your own video

“Video is the ultimate one-two punch for any SEO strategy” To secure a spot for your real estate agency on the first page of a Google search, could be as easy as making your very own video with your smartphone and posting it on YouTube. To be listed among the first ten hits after a Google search is no easy feat in today’s competitive online environment, especially when you are a small agency competing with the big boys. This is where video postings can help you a lot say social media marketing experts. The statistics are staggering. YouTube has...

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