Estate Agents: How to secure your commission
Are you an agency trading through a company or close corporation (CC)? If so, this is for you - a recent High Court (Full Bench) case in which a close corporation lost its commission because its Fidelity Fund Certificate (FFC) was only in the sole member’s name and no separate FFC had been issued to the CC. Coming short – a CC without its own FFC A close corporation estate agency successfully carried out its mandate to find a tenant for a landlord. Only the sole member of the CC held an FFC, which stated that it was issued to…