Estate Agents Amendment Act 57 of 1980

The Estate Agents Amendment Act 57 of 1980 intends:

• to amend the provisions of the Estate Agents Act, 1976, relating to definitions;
• to provide for
  • the designation ofinspectors by the Estate Agents Board;
  • the appointment of an executive committee by the Board; relating to the costs of investigations by the Board;
  • the liability of the Estate Agents Fidelity Fund;
  • the issue of fidelity fund certificates to persons not having certain standards of training or practical experience or who are or were directors of certain companies;
  • the power of the court to withdraw fidelity fund certificates in certain circumstances;
  • improper conduct by certain directors of certain companies;
  • the penalties which may be imposed for improper conduct;
  • the periods within which appeals may be lodged against certain decisions of the Board;
  • the refund of certain interest to certain estate agents; and
  • the auditing of certain accounting records;
• to determine the duties and powers of inspectors;
  • relating to the carrying on of the business of an estate agent at residential premises; and
  • the penalties which may be imposed for certain offences; and
• to provide for matters connected therewith.

Commencement

23 May 1980 unless otherwise indicated

Amendments

Amended by Estate Agents Amendment Act 53 of 1982