3. It is law! You need to have the FETC: Real Estate.

It has been promulgated - all Estate Agents need to meet the requirements set out in the new regulations - the process is starting as from the 15 th July 2008.

Talk to me if you need any help in attaining the Further Education and Training Certificate: Real Estate!

You can relax a little - the deadline for attaining the qualification is December 2011.

Charl Heydenrych

2 BODY CORPORATE/ASSOCIATION - insurance

IS YOUR BODY CORPORATE/ASSOCIATION ADEQUATELY INSURED?

See WHITFIELDS newly posted information regarding this matter on their insurance page.


http://www.whitfields.co.za/insurance/

 X

If you wish to submit your organisation's details go here:

1. Mortgage Fraud: The Hickson Story (US)

"In mortgage-fraud schemes, a property owner obtains a fraudulent appraisal establishing an inflated price for the home, according to the FBI. The owner sells the property to a "straw" buyer, who is a partner in the scam and has taken out a mortgage for the inflated price from a bank unfamiliar with local property values. The seller receives a check from the lender, minus any money owed on the property, which he splits with the buyer. Usually, an appraiser and a mortgage broker also get a cut.

The buyer eventually allows the home to go into foreclosure, leaving the bank with a property worth far less than the mortgage. His or her credit rating will be ruined by the foreclosures, but prosecutions of mortgage fraud have been limited because it's difficult to track, the FBI said."

Read more at: http://blog.mlive.com/kzgazette/2008/06/hixon_story.html

 X

If you wish to submit your organisation's details go here:

Benefits of using an independent Estate Agency

http://www.rockyvalley.co.za/press/view/21

345 visitors since I started counting! (Today - 12 July 2008)

300 visitors since I started counting! (Today - 3 July 2008)
200 visitors since I started counting! (On Wed 25 June 2008)
100 visitors since I started counting! (On Friday 13 June 2008)

I wish I had more comments on my posts however - talk to me if you see this or find something interesting or useful or if you have a question or...

Its just nice to get some feeddback!

Here is another useful site - it seems.

If you have used it - let us know what you think.

http://www.propnetsa.com/propertyinsouthafrica.php

Thanks.

A Genius site - Property Genie

Have you used this site to find what you want?

http://www.propertygenie.co.za/PG/south-africa/residential-property/

It works like a dream! ...and I am not paid to say this - try it! tell me what YOU think.

Create your own real estate!

Rich Sowa built an island out of plastic bottles in net bags. Here's a videohttp://seasteading.org/comment/reply/184

Information at your fingertips: W#links

Information at your fingertips: W#links

Gravity

A property search engine http://www.g.co.za/

They say: "Every night, our web crawlers scan South Africa's leading estate agent sites and index all the properties they find to our database, so that you can perform the widest possible search for real estate from Cape Town to Johannesburg."

Congratulations

Congratulations to Seeff Atlantic Seaboard, City Bowl and CBD - specifically MD Ian Slot (082 452 3944, email ianslot@seeff.com) for selling that luxury apartment at a record price!

Should foreigners own land?

Business Leadership SA submission on Gutto Report on Foreign Land Ownership (for your information)

Last year the Minister of Agriculture and Land Affairs commissioned a panel of experts, headed by Prof. S. Gutto to investigate and report on Land Ownership by Foreigners in South Africa. If the recommendations contained in the report, are acted on, they will have far reaching effects on the economy and investment in South Africa. You can access the submission from Business Leadership SA prepared in response to the "Gutto Report" which is essential reading for all business leaders by clicking on the link below .

The attached covering letter explains the purpose and thrust of the BLSA submission. (The Free Market Foundation's comment on the report is also accessible in pdf format by clicking on the title below.)

Business Leadership SA Submission on Report and Recommendation by the Panel of Experts on the Development of Policy regarding Land Ownership by Foreigners in South Africa

Free Market Foundation Comment on Report and Recommendations by the Panel of Experts on the Development of Policy regarding Land Ownership by Foreigners in South Africa

Brief Comment on the Quantitative Aspects of the Report and Recommendations by the Panel of Experts on the Development of Policy Regarding Land Ownership by Foreigners in South Africa ("Report") Kind regards

Gail Daus-van WykProject Manager