Transfer duty - the basics

R 600 000.00 = Zero % Transfer Duty.

From R 600 001.00 to 1 million = 3% Transfer Duty.

Above R 1 000 001.00 to R 1 500 00 = R 12 000 + 5% Transfer Duty.

R 1 500 001 and Above = R 37 000 + 8 %

Becoming an Estate Agent in SA

Becoming an Estate Agent can be achieved in many ways.



One way is to find an Agency that will enter into an agreement with you on a full or part time basis. You then register with the Estate Agency Affairs Board as a Candidate Agent. You can now act as an agent under the guidance of a principal.



There are then a few routes from there - but the best is that you register on a Learnership and get signed off as being competent on the various Unit Standards of the required NQF 4 Qualification for Estate Agents. After this you also need to do the professional designation examination with the EAAB.



For any other support or guidance you may want to contact the Institute of Estate Agents of SA at admin@ieasajhbmetro.co.za



You can aslo visit my blogsite http://realestategoingson.blogspot.com/ for developments, and of course the IEASA and EAAB sites.



Good luck.



Charl Heydenrych

proplib@tiscali.co.za