EAAB

7. EAAB (Estate Agency Affairs Board)

The EAAB gives a prospective franchisee/agent 90 days in which to complete their registration with them. It is essential to follow their procedures exactly and to have all relevant documentation in place BEFORE attempting to do the registration. The following documentation is required to register the Company, known as the Firm by the EAAB: Certified copies of all directors’/Principals’ ID....

G. EAAB Code of Conduct

Under the EAAB code of conduct, an agent is obliged to: To protect the interests of their clients at all times. To avoid misrepresentation. To disclose all facts. To avoid bringing discredit to the industry. To adhere to legal requirements in contracts. To avoid undue influence (i.e. prevent him from appointing his own conveyancers). To avoid unethical marketing tactics. To...

O. Estate Agency Affairs Act

The right to own property in South Africa is enshrined in Section 25 of the Constitution. The registration of rights to and over immovable property is regulated by the Deeds Registry Act, 1937, which sets out the registration requirements and processes necessary for the transfer of ownership or creation of real rights in respect of land, including the process whereby security is registered in favour of...

Q. The Estate Agent

Definition of an estate agent An estate agent is defined as someone (a person or a firm) who: Buys or sells, lets or hires, or publicly exhibits. immovable property or, a business undertaking (commercial or industrial). Negotiates or facilitates any of the above. Canvasses or offers to canvass a seller or purchaser or a landlord or tenant. Collects monies payable on account of a...

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