Author: Editor

Trust accounts: unnecessary expense or necessity?

“I really do hope that someday the EAAB will change its view on the trust account issue as there are plenty agencies out there not making use of it but are forced to have all these unnecessary expenditures” 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 use, has for many years been a costly and bitter pill to swallow. Considering the tight-fisted economic times of late, some say it’s time to rethink this policy of the Estate Agency Affairs Board (EAAB) while...

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5 to thrive

Top motivational coach Tom Ferry says the one question he gets asked the most is what is the ONE THING that will make one crazy successful in the property business. Well, there isn’t just one thing he says, but he has narrowed it down to 5 foundational activities that he guarantees will transform your business if you do them every day for a whole...

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Gearing up for the challenges faced in real estate training

Thembinkosi Mosia is the Chamber Manager: Real Estate and Related Services in the Services SETA. “We have to follow due process and due process starts in the chamber committee” There is a real need for new training qualifications in the property sector, but this is one of many challenges faced today by stakeholders involved with the occupational training of estate agents. This emerged during the latest round of stakeholder sessions presented by the Real Estate and Related Services Chamber of the Services SETA. Apparently, many interns find it too hard to study and get practical experience while financially supporting...

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Promising growth in property market in 2nd quarter says property expert

PRESS “As predicted, the second quarter of 2018 has proven to show signs of a strengthening market.” Despite the continued economic doldrums, sales started to pick up in the high-end property market in the 2nd quarter, one of several promising signs for further growth this year believes a property expert. “After a slow first quarter, the 2018 property market is beginning to show promising improvements,” says Adrian Goslett, regional director and CEO of RE/MAX of Southern Africa. Over the period of April – June 2018, Lightstone Property recorded a total of 38,055 bond registrations at the Deeds Office, totalling...

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Portfolio committee invites comment on new bill

The new bill will replace the Estate Agents Affairs Act of 1976 which is deemed to be out of sync with the many changes that have taken place over the last 40 years in the property sector. Without much fanfare the invite for written submissions on the proposed Property Practitioners Bill was published this past weekend. Only two printed newspapers Rapport and City Press carried the advert in English which was also shared online in the Government Gazette and by the Parliamentary Monitoring Group (PMG). The advert will also be published in the other nine official languages in regional...

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