PARKS PROPERTY ADVICE
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LOCAL TRENDS
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1st QUARTER 2015
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3rd QUARTER 2014
Property values could benefit from improved commuter transport
EAAB revises ban on HOA accreditation fees
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2nd QUARTER 2014
Residential rental growth slows
Property adds R191bn to the economy
Home buyers being hit by fraudulent IDs
Joburg Ombudsman Office finally on track
Estate Agency Affairs Board bans 'dubious' Home Owners Association practice
Landlords ‘held hostage’ by ‘squatter’ Act
Blocking neighbours' views ‘not always illegal’
New by-laws take aim at Joburg's problem properties
Broken printing press halts producing copies of Joburg building plans
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EAAB revises ban on HOA accreditation fees
The Estate Agency Affairs Board (EAAB) has revised its directive, issued earlier this year, preventing homeowners’ associations (HOA) in residential estates from demanding accreditation fees from estate agents in return for exclusive rights to market properties in the estate. The Board said that it was now permissible for HOAs to enter into marketing arrangements with estate agents provided the fees demanded constituted reasonable compensation for the services provided by the HOA, for example: the supply of security access cards, the supply or erection of advertising boards, supply of maps or directions to properties, branding opportunities, etc. The Board re-iterated that every homeowner had the freedom to appoint their agent of choice to market, sell, or let their property.
Compiled from IOL Property News
