What is an estate agent?

Author
MyProperty
South Africa's #1 independent property portal

A real estate agent is a certified professional that not only helps sellers and buyers throughout property transactions, they are also able to manage rental properties on behalf of landlords.

Real estate agents usually are compensated completely by a commission—a percentage of the property’s purchase price—so their income depends on their ability to close a deal.

In order for a real estate agent to legally work in South Africa, they need to have a valid Fidelity Fund Certificate that is issued on a yearly basis by the Estate Agency's Affairs Board.