Yesterday, Minister of Human Settlements, Tokyo Sexwale took a bold step
and dissolved the Estate Agents Affairs Board (what was left of it) and placed
it under administration.
I was fortunate enough to attend the breakfast presentation and hear
first-hand his passion and commitment to finding a solution for quality housing
for all South Africans. The estate agent industry has only recently (May 2012)
been placed under the control of the Department of Human Settlements. At the
time the Estate Agent Affairs Board (EAAB) consisted of 6 members (there should
be 15 members), during the month of June 2012 a further 3 resignations left
only 3 Board members, in Mr Sexwale’s words “dysfunctional”. He proceeded to
dissolve the Board and place it under administration and further instructed the
Special Investigation Unit (SIU) to investigate the Board, the industry and the
Fidelity Fund. Sexwale was emphatic that it was time the industry “got its
house in order” and anyone involved in bringing the industry into disrepute
would be held accountable and if need be face criminal charges.
Going forward Sexwale would like to engage with the industry and has
scheduled a summit for the 21st September 2012.
The State of the Rental Industry
TPN and Payprop co-hosted The State of the Rental
Industry road show last month. We had a full house at all the events:
Johannesburg, Cape Town and Durban hosting 1000 delegates.
Our panel of expert speakers provided great insight;
please click on each speaker below to open their presentation:
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