Rebosa have their ear to the ground when it comes to what’s going on in the real estate industry. Their primary goal is to look after real estate business owners’ best interests, and their behind-the-scenes work often benefits the whole industry.
“Private Property has announced the conclusion of a deal which will see a change in ownership from the existing shareholder, OAM, to a consortium of committed South African buyers, including listed media giant Caxton.”
Along with Caxton, the other buyers include industry participants with a deep understanding of the market. The deal is subject to Competition Commission approval and is expected be finalised by the end of October 2017. The proposed takeover bid by Property24 parent company Naspers will not proceed.
INVITATION TO ATTEND PUBLIC ENGAGEMENT SESSIONS
The Community Schemes Ombud Service (CSOS) is undertaking a national roadshow to bring its Service closer to property owners and those in the management of community schemes. In each information session, the CSOS will be assisting in the registration of community schemes, accepting applications for dispute resolution and will be clarifying any issues in respect of submission of annual returns and general governance of schemes.
If you have any questions you would like to pose to the CSOS, this is your opportunity to engage with us.
Start Times 09:00 – 14:00
See schedule below for dates and venues.
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The Services Sector Education and Training Authority (Services SETA) hereby invites registered employers in the Real Estate and related services sector, Skills Development Providers or registered education institution accredited to provide training on legitimate SAQA registered qualifications specifically in the Real Estate and related services sector and suitable entities to apply for discretionary grant funding. These grants are intended to meet the sector needs set out in the Sector Skills Plan (SSP), Strategic Plan and the priorities set out in the National Skills Development Strategy (NSDSIII).
The Bill would extend the deﬁnition of an estate agent to a property practitioner, which could include bank employees, bond originators and building caretakers. This wider deﬁnition will mean the EAAB (the authority in future) will be inundated.
The introduction of an ombudsman, who in turn can appoint a mediator. There could be a faster resolution of conﬂicts but it also leads to vast powers with overlapping and unclear jurisdictions.
3. COMPOSITION OF THE BOARD
The number of board members would be reduced to a maximum of 12. The Minister can and will appoint at least one person with knowledge of the industry.
Top real estate trainer and well known international speaker Ed Hatch will be in South Africa offering training for ONE DAY ONLY.
Ed has spoken to over 100 audiences each year since 1990. He has been a featured speaker at the last twenty eight consecutive NAR Conventions, at ten CRS Sell-a-brations and has spoken on the topics of negotiating, business and strategic planning, customer service, and leadership throughout the United States, the United Kingdom, Europe, Canada, New Zealand, Africa, South America, Singapore, Scandinavia, and Malaysia.
A property in the U.K. has become the first home to be sold at a live Facebook viewing after receiving three offers.
Estate Agent Today reports that online agency Housesimple was aiming to sell the three bedroom semi-detached bungalow in Rainham, east London, valued at between £470,000 and £475,000.
REBOSA CEO Jan le Roux outlines some big issues that the property industry is keeping an eye on:-
1. PROPERTY PRACTITIONERS BILL
The importance of the new Bill cannot be overestimated as it will dictate how the property industry operates for decades to come.
REBOSA has been gearing up to comment on this Bill for some time. We have now submitted detailed comments to the Minister of Human Settlements – in total 108 points of positive criticism. We will continue in this vein; we have requested a meeting with the Minister and for the right to address the Parliamentary Portfolio Committee on Human Settlements on this issue.
REBOSA also intends interacting with ANC and opposition parliamentarians as much as possible. The existing Act has been in operation since 1976. We have published the Bill and our comments on our website and started a Q&A column. We invite all agents to submit questions. REBOSA has hosted a number of countrywide road shows to communicate the challenges of the Bill to members of the industry to ensure that everyone is informed.
As an organisation, we are disappointed with the Bill, considering that the process of revamping the legislation started in 2008. Nine years in the making, we hoped that a more dynamic version of the current Bill would have been put on the table.
2. REALIGNMENT OF REAL ESTATE QUALIFICATIONS
The following real estate qualifications are currently registered on the National Qualifications Framework (NQF). They are a core part of the ongoing education, training and professionalisation process of the real estate sector.
• National FET Certificate in Real Estate – SAQA ID 59097 | NQF level 4 | Credits 150
• National Certificate in Real Estate – SAQA ID 20188 | NQF level 5 | Credits 135
Both fall under the occupational qualifications sub-framework. The Quality Council for Trades and Occupations (QCTO) Delegated QA Functionary is the Services Sector Education and Training Authority (SSETA). The registration end date for both qualifications is June 30 2018. The last date for enrolment is June 30 2019.
The South African Qualifications Authority (SAQA) says these qualifications come from previous qualification development models that are still active and therefore need to be taken through a “conversion process”.
Following a meeting to discuss this realignment of qualifications with SSETA and QCTO, REBOSA is now forming a steering committee comprising industry leaders and education professionals to offer input on alternative or new occupational qualifications to replace the current NQF 4 and 5 legacy qualifications within the real estate sector.
Courtesy Matthew Hattingh – City Press
Johannesburg – Efforts to transform the property industry are being thwarted by the very laws touted as encouraging change.
That was the warning from some in the industry at hearings held in Durban on the new Property Practitioners’ Bill.