Description
Sellers’ & Buyers’ Costs
“Financial processes and systems in the estate agency enterprise
Intern estate agents should, insofar as this is possible, be fully exposed to both the financial processes and systems of the estate agency enterprise during the course of the internship period.
1. accurately calculating the transfer costs that will have to be borne by the purchaser;
2. accurately advising sellers of the proceeds that will accrue to them from the sale of immovable property;
3. understanding, and being able to explain to third parties, the costs that will be incurred flowing from the ownership of immovable property including, for instance, fixed costs such as bond repayments, municipal rates and taxes and sectional tile levies and variable costs for maintenance and services. “
The Intern needs to indicate who is responsible for the different costs applicable.
