DA welcomes the High Court Ruling on Estate Agency Board
16 March 2021
The Democratic Alliance (DA) welcomes the ruling of the Gauteng High Court today, brought on an urgent basis by the Real Estate Business Owners of South Africa (REBOSA).
The order found that the Estate Agency Affairs Board (EAAB) failed to issue hundreds of Fidelity Fund Certificates (FFCs) to estate agents within the legislated timeframes.
The court ordered the entity to issue all outstanding certificates, due in December 2020, within 8 days.
It is illegal for an estate agent to practice without being in possession of a valid FFC.