by VDT Attorneys | Jul 24, 2024 | Agents commission, Estate Agent, Property, Selling Property
In most jurisdictions, the general rule is that an estate agent’s commission is only payable if there is a valid agreement in place. This agreement can be in the form of a written contract or verbal understanding. Without an agreement however, the agent’s...
by VDT Attorneys | May 29, 2023 | Accountable Institution, Anti-money Laundering Amendment Act, Estate Agent
Closely related to the recent greylisting of South Africa is the passing late in 2022 of the new General Laws Anti-Money Laundering and Combating Terrorism Financing Amendment Act, 22 of 2022 (“Amendment Act”). The Amendment Act introduces several key changes to areas...
by VDT Attorneys | Sep 12, 2021 | Estate Agent, Property, Residential
Commission is only payable to an estate agent if they were the effective cause of the sale. This will need to be determined with reference to a number of factors, including the mandate given to the estate agent. A mandate is an instruction by the seller to an agent...
by VDT Attorneys | Jun 14, 2021 | Conveyancing, Estate Agent, Property, Real Estate, Sectional Title, Sectional Title and Community Schemes
To turn your dream into a reality, a number of role players will need to be involved in the sectional title development process. At the start you will have to contact a land surveyor and town planner to help you with the initial due diligence on the property to assess...
by VDT Attorneys | Jun 25, 2020 | Conveyancing, Estate Agent, Property Practitioners Act
Sections 56(1) and 56(2) of the Act respectively state that an estate agent is under no circumstances entitled to any commission arising from the performance of their duties under a mandate, unless such agent is registered and holds a Fidelity Fund certificate. The...
by VDT Attorneys | May 14, 2019 | Conveyancing, Estate Agent, Tips
Here are a few tips to start you off on the right track: Market research Before purchasing a property it is important to do proper market research. Make sure you are well informed about the asking price for the property in relation to the location, possible future...
