"Serve Others as You would Serve Yourself"            
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May I take this opportunity to wish you and your family a happy and prosperous New Year. Many people ask me how do they know that their money is safe when dealing with a timeshare agent? The South African timesharing is a well-established, sophisticated and recognized industry with legislation governing the industry recognized as among the best anywhere in the world. Buyers and Sellers can be confident about their purchases. In order to sell timeshare in South Africa an agent or broker MUST BE REGISTERED WITH THE ESTATE AGENT'S AFFAIRS BOARD and be issued with a valid FIDELITY FUND CERTIFICATE; and to comply with the Act which governs the sale of timeshare.  Anyone who deals in the resale of Timeshare properties and who is not a registered member of the Estate Agents Affairs Board is liable to face criminal proceedings and YOU, who deal with them, take the risk of losing your money. Fairfields is registered with the Estate Agent's Affairs Board under Fidelity Certificate No 2016206527 The following are extracts from the Estate Agent's Act No 112 of 1976 which clearly show to what extent timeshare Buyers and Sellers are protected and provides for the control of certain activities and for incidental matters pertaining to the purchase of a timeshare property:     QUALIFICATION     CHAPTER ONE: (6) No person shall be appointed as a member of the board if he:- (a) is an  unrehabilitated insolvent; (b) has failed or is unable to comply in full with a judgment or order, including an order as to costs, given against him by a court of law in civil proceedings; (c) has been convicted of an offence involving an element of dishonesty.     TRUST ACCOUNT     CHAPTER THREE: 32 (1) Every estate agent shall open and keep a separate Trust Account with a bank of building society, and will forthwith deposit therein the moneys held or received by him in his capacity as an agent. 32 (3) (a) keep separate accounting records of all moneys. 32 (3) (b) balance his books and records relating to the Trust Account at intervals of not more than one month and cause them to be audited by an auditor; 32 (4) The auditor shall forthwith after completing the audit transmit to the Board a report in the form from time to time determined by the Board in regard to his findings.     ESTATE AGENTS FIDELITY FUND     CHAPTER TWO: 12 (1) There is hereby established a fund to be known as the Estate Agents Fidelity Fund: 12 (2) The fund will shall be controlled and managed by the Board; 15 Every estate agent shall pay an annual contribution to the fund such amount as may be prescribed; 18 (1) The fund shall be held and applied to reimburse persons who suffer pecuniary loss by reason of (a) theft by an estate agent; (a) (I) of any money or other property entrusted by or on behalf of such persons to him in his capacity as an estate agent; (a) (ii) of any moneys collected or received by him and payable or on account of a contract of purchase and sale in respect of immovable property. As you can see purchasers are very well protected - IF THEY BUY FROM A LICENSED AGENT. A WORD OF WARNING: BE VERY WARY OF BUYING A TIMESHARE FROM INTERNET SITES SUCH AS OLX, GUMTREE AND THE LIKE. YOU TAKE YOUR CHANCES HERE.
 ARE YOU SAFE ?
If there is any subject you want to see regarding timeshare please let me know - OR - you can send me your news and views. Please note that I have the right to publish your views or not. Contact Details: PO Box 6235 Westgate 1734, Republic of South Africa. Phone +27 011 760 1120. email ron@fairfields.co.za PLEASE SEE THE SPECIAL OFFERS UNDER HOT SPECIALS IF YOU WANT TO RECEIVE OUR REGULAR SPECIALS & OUR NEWSLETTER PLEASE SEND US YOUR DETAILS IN THE CONTACT FORM HERE OR ABOVE
HOME NEWSLETTER NEWSLETTERS RESORTS HOT SPECIALS CONTACT US
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