Be aware of your rights as a client
Category Buying
Oni Mdumela, Chief Executive Officer of Property to Link, advises readers to take special note of the following aspects and conditions with regard to realty:
- An estate agent must be able to produce a valid Fidelity Fund Certificate (FFC); if your Property Professional cannot produce a FFC, the property sale may not commence.
- It is mandatory for a seller to disclose all and any property defects. This is to protect both the seller and buyer.
- The disclosure form must accompany each mandate and Offer to Purchase.
- The homeowner must fill out the disclosure form himself/herself or authorize a party with the necessary knowledge to do so.
- It is advisable to ask the owner and/or your Property Professional to issue you with updated building plans if you would like to put in an offer for a property.
- Property or house plans are required to list or sell a property.
- There are no laws with regard to an agent's commission, merely guidelines are given.
- Your Property Professional may recommend a certain service provider, but may not force or influence you to choose a certain one.
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Author: Machelene Joubert