The issue with BEE certificates and FFCs
As a real estate agency owner, you must submit a verified BEE certificate to obtain your FFC. But what if your estate agency can’t meet the minimum requirements?
As a real estate agency owner, you must submit a verified BEE certificate to obtain your FFC. But what if your estate agency can’t meet the minimum requirements?
“This is what intentional collaboration looks like. This is what
accelerated transformation looks like”, said PPRA CEO Thato Ramaili at the launch of TNX – Transformation X.
As the HOA battle continues, there is good news with more estates
changing their policies regarding estate agents and fees.
We’ve reported extensively the issues surrounding agents paying HOA fees to operate within secure estates or gated communities. Until this week, agents have truly been caught between a rock and a hard place.
At the recent REIS event, industry heavyweights; Samuel Seeff, Berry Everitt, Grant Smee, and Jan le Roux covered everything from events at the PPRA, and HOAs, to current market conditions, proptech, industry regulation, compliance, the future of mom-and-pop agencies and more.
It has recently come to light that, in addition to the so-called ‘accreditation fees’ many HOAs are “forcing” agents to contravene the PPA by penalising sellers by refusing to release clearance certificates if the agent refuses to pay either their ‘fee’, or a fine for not being registered with the estate.
The first volley of PPRA inspections has been conducted at Mooikloof Ridge Estate in Pretoria, with several agents receiving compliance notices and R5,000 fines. Could you be next? What could happen?
Building Tomorrow, Together. The 4th annual REIS event give you an insider’s look into the trends, knowledge, strategies, and information that will give you the right tools and set you on the path to future growth.
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 PPRA provided a practice note informing property practitioners dealing with rental properties that they would need to create their own mandatory disclosure forms and apply for exemptions to use them.