Ideal regulatory framework.

My comment deals with the "ideal regulatory framework".
The market, whether that of estate agents or any other industry or organisation, should be as little hampered by regulations and legislation as possible.
Normal common law / legislation already deals adequately with criminal / fraudulent behaviour.
Most additional regulation / legislation, whether intended to "protect" the consumer or "keep out the rats and mice" merely hampers entry into the estate agency arena.
In South Africa's case this means in effect that entry-level black entrepreneurs are particularly hard hit.
Regulations are not subject to the same scrutiny or public input as legislation and should be kept to a minimum.
Self-regulation is best with codes of conduct, etc.
The EAAB should assist with creating an environment in which estate agents, sellers and buyers can operate most freely.

Ideal regulatory framework.

My comment deals with the "ideal regulatory framework".
The market, whether that of estate agents or any other industry or organisation, should be as little hampered by regulations and legislation as possible.
Normal common law / legislation already deals adequately with criminal / fraudulent behaviour.
Most additional regulation / legislation, whether intended to "protect" the consumer or "keep out the rats and mice" merely hampers entry into the estate agency arena.
In South Africa's case this means in effect that entry-level black entrepreneurs are particularly hard hit.
Regulations are not subject to the same scrutiny or public input as legislation and should be kept to a minimum.
Self-regulation is best with codes of conduct, etc.
The EAAB should assist with creating an environment in which estate agents, sellers and buyers can operate most freely.

IEASA Meeting - Pam Golding Head Office: Aug 2010