It will be easier for black people to become estate agents from 1 April this year – previously disadvantaged individuals (PDIs) may then apply for exemption for a maximum term of five years in terms of fees for FFC renewals, submission of audit reports and more time to meet educational requirements.
For six months intern estate agent Seth Stephens queried the Estate Agency Affairs Board (EAAB) repeatedly about progress with his FFC application. Their last response was the final straw … now he wants to warn others.
Co-ownership is growing in popularity among homebuyers in South Africa. Take care though, warns Robert Krautkramer, director with legal firm Miltons Matsemela, if a watertight agreement isn’t in place this could become a decision to regret for a lifetime.
The fact that South Africa recognises so many different kinds of marriage is a tribute to an inclusive Constitution, but it can create some confusion when it comes to property sales.