Author: Lauren

Financial intelligence centre act

Rebosa reported recently that many agents are concerned about the implementation dates and deadlines for new guidelines for the Financial Intelligence Centre Act (FICA). For now, it’s business as usual as no final FICA implementation date has been set. Agents are required to register with the Financial Intelligence Centre and receive an ORG ID on the goAML reporting platform. Failure to register at fic.gov.za is an offence and subject to a fine not exceeding R10m or imprisonment of up to five years. Attorneys Cliffe Dekker Hofmeyr have created a pro forma Risk Management and Compliance Programme template to help estate...

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Estate Agency Affairs Board comes to Bloemfontein

The Estate Agency Affairs Board (EAAB) recently opened a regional office to serve the greater Mangaung area. The new office should benefit both clients and property agents with information about legal practices, and also help to curb rampant fraud in the industry. Another aim is to restore business confidence, and also to unleash opportunities for emerging estate agents. The office is in the housing section of Hostel One in DR Belcher Road, Bloemfontein. It is a joint effort by the EAAB and the Mangaung Metro...

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Residential housing trends for 2018

The South African residential property market is showing remarkable resilience. CEO Andrew Golding outlines five trends from the 2017 Pam Golding Properties Residential Review: 1. SEMIGRATION IS NOT ONLY TO THE WESTERN CAPE  From January 2016, 33% of relocating South Africans made the Western Cape their destination of choice. Agents have reported substantial interest from Gauteng buyers, and semigration remains a key catalyst in house price inflation in the region. As Cape Town’s property prices soar, potential buyers are turning their attention to KwaZulu-Natal. Lifestyle and good prices are also attracting buyers to the Garden Route where interest is...

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Does social media influence the property market?

Can social media affect the public perception of cities, suburbs and areas within suburbs?  Can community-driven public relations through the word-of-mouth effect of social media have an effect on property prices? Paul Stevens, CEO of countrywide real estate group Just Property, says he has definitely seen the impact of social media on the perception of an area. Stevens points to the mindset of the buyers in an area: “This is a little-explored driver of demand for property, and therefore the value of your property. It is also something that the man/woman-in-the-street can influence, unlike fiscal policy.” In September 2017,...

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Transworld Business Advisors

Real estate transactions between private individuals without the assistance of an estate agent are increasing. What about business sales? Many estate agents may feel that they are equipped to sell businesses but there are fundamental differences. Sticking a “For Sale” sign on a business may cause that business to fail. The business may lose its employees first, then its suppliers followed by its customers, resulting in a failing business.Transworld Business Advisors is looking for “deal makers”; business-minded professionals to join the biggest business brokerage in the world. We will train you to take a new company buyer or seller...

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