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....
Under the PPRA code of conduct, a practitioner is obliged to: - Protect the interests of their clients at all times. - Avoid misrepresentation. - Disclose all facts. - Avoid bringing discredit to the industry. - Adhere to legal requirements in contracts. - Avoid undue influence (i.e. prevent them from appointing their own conveyancers). - Avoid unethical marketing tactics. - Receive...
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...
Definition of a Property Practitioner A Property Practitioner 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, purchaser, landlord, or tenant. Collects monies payable on...