DISCONTINUATION OF ACCEPTING CASH ON THE EAAB PREMISES

22 JULY 2015 To further minimise the risks of handling cash, the Estate Agency Affairs Board will no longer be accepting cash on its premises with effect from 01 August 2015. Estate Agents and other stakeholders are hereby encouraged to utilise following methods to avoid delays in processing their payments:  Point of sale through … Read moreDISCONTINUATION OF ACCEPTING CASH ON THE EAAB PREMISES

COMMISSION CLAIM LOST WHERE ‘TRADING AS’ BUSINESS WITHOUT FFC?

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Ustica 1153 CC t/a Cape Region Home Sales v Jordaan and Another (A158/2014) [2015] ZAWCHC 87 (9 June 2015)

What happens to the requirement to hold an FFC where a close corporation estate agency, using a trading name, holds its FFC in the name of the corporation and not the ‘trading as’ business? This was the issue before the court here as the seller cancelled the sale agreement and denied liability for commission, arguing that he transacted with the ‘trading as’ business which did not have an FFC.

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Dear Fiona I have finally received some of my 2015 FFC’s. I am so relieved! I can’t thank you enough for all your assistance in getting this matter resolved. I certainly don’t want to experience this again?? I really appreciate everything you did for us. Kind regards Dee Jawitz Properties Bluff

Private Property launches new Advice Centre

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Private Property launches new Advice Centre

Issued by: Private Property | 26 Jun 2015 13:27

With a brand new addition to their website, Private Property has focussed on providing professional property information and news.

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Private Property has launched a brand new Advice Centre on their website. As the trusted property people, they have created a convenient place for the public to find answers to property related questions at the click of a button.

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ONLINE AUDIT REPORT SUBMISSIONS AND DISQUALIFICATIONS DUE TO NON-COMPLIANCE WITH AUDIT REPORTS SUBMISSION REQUIREMENTS

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1 July 2015

The prescribed time-frame of four months for the submission of audit reports for the estate agencies with a financial year-end of 28 February 2015 came to an end on 30 June 2015.

Online audit report submissions

With effect from 1 March 2015, the Estate Agency Affairs Board (EAAB) determined, in terms of section 32(4) of the Estate Agency Affairs Act (the Act), the sole manner of submission of audit reports to be the MyEAAB Auditors Portal, accessible through the EAAB website.

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REBOSA Chairman’s Report: 30 June 2015

CHAIRMAN’S REPORT REBOSA AGM HELD ON 30 JUNE 2015 AT CITY LODGE, O.R. TAMBO INTERNATIONAL, JOHANNESBURG ___________________________________________________________________________ WELCOME It’s my pleasure to welcome you all to this second annual general meeting of the Real Estate Business Owners of South Africa (REBOSA) – what a fantastic turnout – thank you for being here, your presence here … Read moreREBOSA Chairman’s Report: 30 June 2015