Estate Agency Affairs Act, 1976 (Act No. 112 of 1976)Chapter II : Estate Agents Fidelity Fund12B. Grants and other payments from fund |
| 1) | The board may, from the amount determined by it in terms of section 12A and subject to such terms and conditions as it may deem fit - |
| a) | make grants with regard to - |
| i) | research in fields of activity relevant to the business of estate agents in general; |
| ii) | the maintenance and promotion of the standard of conduct of estate agents in general; |
| iii) | the maintenance and promotion of the training standards of estate agents in general; |
| b) | make grants to any association or society of estate agents for the purposes of enabling that association or society to further the practice of estate agency or to maintain and promote the interests of estate agents in general; |
| c) | pay an honorarium or compensation to any person or institution for services with the object of enhancing the standard of conduct of estate agents in general, rendered at the request of the board; and |
| d) | utilise such amount as it may determine for the purposes of - |
| i) | advertising and promoting the services and facilities offered by estate agents in general; and |
| ii) | promoting public awareness in respect of matters relating to the acquisition and disposal of immovable property. |
| 2) | The board may at any time revoke any grant contemplated in subsection (1)(a) or (b). |