Being a real estate agent has it’s perks and it is due to the huge amount of money involved in the profession that many are attracted to it. The average commission of a real estate agent plays around the 4-8 percent. It may seem that the percentage is just low but the amount of money used in various real estate deals is high, which means there is also a lot of money involved in the 4-8 percent commission that most real estate agents get.
South African real estate agents are also similar to real estate agents from different corners of the world. They are also professionals and are very much organized in what they do. The Estate Agency Affairs Board is responsible for controlling who becomes an estate agent and who doesn’t. There are certain requirements that one should have in order to become a real estate agent.
Certified Real Estate Agents
All of the estate agents have their fidelity fund certificate, which is issued yearly. This certificate should be displayed and if you can’t find one in their office, then it would be best to check if they are really registered with the board. The certificate would only be given to real estate agents who have taken the course and internship. The internship should be duly noted in the logbook so as to have proof that they really had undergone internship under another estate agent who has his or her certification from the board for 3 years or more. There are also >intern logbook course available online that helps interns to make sure that they know what they have to know and complete all the requirements that are asked by the Estate Agency Affairs Board.
Commission Of Estate Agents
The percentage of the commission charged to you by the estate agent ranges from 4 to 8 percent with the addition of the Value Added Tax. In some cases, the commission could also be at a fixed value depending on the value of the property. When the property value is low, there is a greater chance that the fee charged by the real estate agent is of a certain percentage rather than a fixed amount. For those with more expensive properties, most sellers would negotiate a fixed fee for the agent’s commission. Both fixed fee and commission fee are accepted in South Africa and the amount of it isn’t regulated too.
In The Market For Properties For Sale
If you wish to buy a property in South Africa, you can get the help of a real estate agent. You should be ready to specify the location where you want to buy your property. If you still don’t have a certain town or village in mind, you can tell this to the estate agent so that they can show you lots of different choices. Even if you are just looking, you should inform the estate agent that you are just looking. Don’t worry; they still accommodate those who just want to look at the different properties for now because there is also a chance for you to buy the property on the spot if you fall in love with it when you see it.