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BL Premium reports that Gauteng High Court judge Fayeeza Kathree-Setiloane on Monday ordered the Estate Agency Affairs Board (EAAB) to provide all outstanding licences to estate agents within the next fifteen days.
SA estate agents need to have valid fidelity fund certificates (FFCs) to sell properties. It is a criminal offence for any person to act as an estate agent without a valid licence. The judge gave the board urgent deadlines by which it must either issue the outstanding licences to each qualified agent and agency listed in the court application, or notify them of valid reasons for not doing so. The board was also ordered to file a report with the court within 30 days detailing the number of applications they received on or before 31 October 2020, how many of these applications were approved for certification, and how many certificates have been issued. In February, the Real Estate Business Owners of SA (Rebosa) took the board, which controls and regulates certain activities of estates agents, to court for failing to issue operating licences on time. Rebosa said it represented about 46,000 agents in the country and that many of them had not yet received their certificates for 2021. CEO Jan le Roux said they believed thousands of licenses were outstanding. But, EAAB CEO Mamodupi Mohlala-Mulaudzi sought to belittle the crisis in February, saying that Rebosa wanted to draw attention away from bigger issues such as transformation.
- Read the full original of the report in the above regard by Alistair Anderson at BusinessLive (paywall access only)
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