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Property 24/10 - 255

21 May 2015

Estate agents must understand the POPI Act
The new Protection of Personal Information (POPI) act will affect direct marketers and protect consumers according to Linda Erasmus, CEO of Fine & Country International Realty sub-Saharan Africa, who says she welcomes this piece of legislation as it gives proper guidelines to direct marketers and consumers alike.

Any person, whether owner or operator of a company, will encounter some form of marketing in cyberspace.

Personal information includes the name and email address of a person and processing of such information is limited by law. Once a party has given his or her consent, he or she may receive newsletters or marketing material from a company or its responsible person.
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Seeff upskills licencees, managers and agents
Seeff have recently completed a Senior Development Management Programme (SMDP) through the University of Stellenbosch’s highly respected Executive Education Division (USB-Ed), with all participants having passed with flying colours, and more than 10% of the group passing with distinction.

The group of learners comprising 82 Seeff branch owners (licensees), managers and agents were lauded for their achievement at the company’s recent annual convention at five-star Fairmont Zimbali resort in Ballito, KZN, during a graduation ceremony that was officiated by the USB-Ed.

Ronel Bornman, head of Seeff’s National training division (the Seeff ‘SMART Academy’) says the successful completion of this programme not only confirms Seeff’s commitment to real estate, but also the managers’ and directors’ enthusiasm to equip themselves with the best possible qualifications. The group of learners comprising 82 Seeff branch owners (licensees), managers and agents were lauded for their achievement at the company’s recent annual convention at five-star Fairmont Zimbali resort in Ballito, KZN, during a graduation ceremony that was officiated by the USB-Ed.
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Cape Town commercial property options and costs
Cape Town's central city and surrounds as far as Sea Point and Camps Bay continue to see a steady inflow of commercial tenants and buyers, many of whom are newcomers to the area according to Guy Friedberg, Seeff’s commercial agent for the area, who says aside from sustained demand for office premises, they have since early last year seen growth in the demand for residential property inspire a number of smaller entrepreneurs and established global brands to head to the city to set up shop.

Seeff Commercial has, for example, recently placed two prestigious high-end retail showroom tenants in the latest development taking place in the trendy and sought-after Kloof Street in the City Bowl, says Friedberg.
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How to buy property in a seller's market
The current property market, particularly in Cape Town, is sitting firmly in the sellers’ court. Demand has skyrocketed, prices are climbing and stock is selling faster than it can be listed. This means buyers hoping to buy a house in 2015 are looking at a fast-paced, high-stakes game where good preparation is the only way to successfully compete according to the Rawson Property Group’s Constantia franchisee, Nancy Todd, who says never in her almost 30 years of experience in property, has she seen the market as overheated as it is right now.

She says properties are listed on the web and sell within hours of being posted. Multiple offers are common, and they’re even seeing offers over the asking price, she says.
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Getting married and property rights part 1
Getting married is not quite as simple as saying “I do”. There are many legal and financial ramifications attached to a modern marriage, and it is important to know how to navigate these waters before taking the plunge.

The laws that govern marriage and matrimonial property, and the belongings of the spouses that form part of the marriage, are numerous and complex. That being said, our courts are very protective of the sanctity of marriage and the rights of the spouses. With international travel and communication becoming easier, and globalisation resulting in many cross-border relationships, questions about how marriages will operate in multinational settings from a practical and legal perspective are increasingly common.
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Buying distressed property: is this legal?
A Property24 reader asks:
I have signed an offer to purchase a property that has 2 erf numbers (only one offer to purchase was signed), but was subsequently asked by the agent to come back and sign an offer to purchase for each erf number. I was then told it was a distressed property and a deceased estate. I now need to pay for the outstanding rates and taxes, and all the certifications in KZN (electrical, ants and gas). I need to agree to this before they will fill in the new offer to purchase.

Can you tell me who is in breach, and are they allowed to do this?

Jaco Rademeyer, from Jaco Rademeyer Estates, responds:
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