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 CERTIFICATE; and to comply with the Act which governs the sale of timeshare.  Anyone who deals in the resale of Timeshare properties and is   not a registered member of the Estate Agents Affairs Board is liable to face criminal proceedings.  Fairfields is registered with the Estate Agent's Affairs Board under Fidelity Certificate No 2016 206 527 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.     

Is my Investment Protected ??

"Serve Others as You would Serve Yourself"            
  Contact Details: PO Box 6235 Westgate 1734, Republic of South Africa. Phone +27 011 760 1120. email ron@fairfields.co.za
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30: dikhololo.htm
31: magaliespark.htm
32: 32.magaliesparkpopular
33: mabalingwe.htm
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35: bananabeach.htm
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38: castleburn.htm
39: midlandssaddle.htm
40: fairways.htm
41: bushmansnek.htm
42: drakensbergsun.htm
43: clubhacienda.htm
44: savannahsands.htm
45: champagnesports.htm
46: durban.htm
47: the palace.htm
48: silversands.htm
49: gardenroute.htm
50: beaconisle.htm
51: pernapernamosselbay.htm
52: northcoast.htm
53: thebreakers.htm
54: clubten.htm
55: laluciasands.htm
56: chakasrock.htm
57: pernapernaumhloti.htm
58: umhlangasands.htm
59: cabanabeach.htm
60: umhlangacabanas.htm
61: wildernessdunes.htm
62: farnorthcoast.htm
63: sodwanabaylodge.htm
64: pernapernastlucia.htm
65: larochelle.htm
66: lakeviewcabanas.htm
67: holeinthewall.htm
68: stmichaelssands.htm
69: westerncape.htm
70: the peninsula.htm
71: bantrybay.htm
72: portowenmarina.htm
73: thestrandpavilion.htm
74: krugerparkmpumalanga.htm
75: waterberryhill.htm
76: krugerparklodge.htm
77: burchellsbushlodge.htm
78: sabiriversun.htm
79: ngwenyalodge.htm
80: falconglen.htm
81: sanbonani.htm
82: pinelakesun.htm
83: frequentlyasked questions.htm