Insist on these things if you want to invest in property
Category Buying
- Agents have a duty to report discrepancies such as false records or fraudulent activity when it comes to a client's finances.
- Agents must always be impartial (objective) when presenting more than one offer.
- It is the agent's job to present the facts as well as the advantages and disadvantages of each offer (i.e. not take a side).
- A Property Professional may not sway or influence a seller to accept a certain offer.
- Counteroffers need to be documented and
signed by all parties.
- A homeowner must give his/her permission (preferably in writing) before an agent may put up any boards on his/her property.
- No funds can be paid out before all of the contractual conditions have been met.
- It is not advisable to pay out any money before the property had been registered. If a client insists on doing so, the risk of funds paid out before registration must be explained to all parties and an addendum must be drawn up and signed.
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Author: Machelene Joubert