{"id":5478,"date":"2016-12-09T09:41:36","date_gmt":"2016-12-09T07:41:36","guid":{"rendered":"https:\/\/stbb.co.za\/dev2\/?p=5478"},"modified":"2019-12-17T09:45:25","modified_gmt":"2019-12-17T07:45:25","slug":"property-law-update-issue-44-2016","status":"publish","type":"post","link":"https:\/\/stbb.co.za\/dev2\/property-law-update-issue-44-2016\/","title":{"rendered":"Property Law Update | Issue 44 – 2016"},"content":{"rendered":"

FFC IN NAME OF COMPANY, NOT CC: NO COMMISSION<\/h2>\n

Brodsky Trading 224 CC v Cronimet Chrome Mining SA (Pty) Ltd and Others (39\/2016) [2016] ZASCA 175 (25 November 2016)<\/h3>\n

An estate agent’s Fidelity Fund Certificate (FFC) is a prerequisite for the agent to operate and earn commission. The law requires further that where the agent is a company or close corporation (CC), a FFC is required for both the company or CC and the directors or members. This matter dealt with a commission claim by an agency that converted from a company to a close corporation and, at the time the sale transaction was concluded, a FFC existed for the company and director although the agency was by then a close corporation. Could the commission claim succeed on the basis that there was at least ‘substantial compliance’ with the FFC requirement?<\/p>\n

read more<\/strong>
\nThe Judgment<\/span><\/a>
\nSummary of the Judgment<\/span><\/a><\/p>\n

STBB’S STSMA REFERENCE GUIDE<\/h2>\n

In this, the sixth set of notes for your STSMA Reference Guide, the details of section 7 of the Act are provided. It deals with trustees of bodies corporate.<\/p>\n

read more<\/strong>
\nSection 7 of the Act – Trustees of the Body Corporate<\/span><\/a>
\n*NB Print in landscape<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

FFC IN NAME OF COMPANY, NOT CC: NO COMMISSION Brodsky Trading 224 CC v Cronimet Chrome Mining SA (Pty) Ltd and Others (39\/2016) [2016] ZASCA 175 (25 November 2016) An estate agent’s Fidelity Fund Certificate (FFC) is a prerequisite for<\/p>\n","protected":false},"author":36,"featured_media":3305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[109],"tags":[],"class_list":["post-5478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-law-update"],"acf":[],"yoast_head":"\nProperty Law Update | Issue 44 - 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