Housing Consumers Protection Measures Act, 1998 (Act No. 95 of 1998)

Home Builder Grading System

Chapter Seven : Applicable Fees

Purchase cart Previous page Return to chapter overview Next page

 

 

In order to reward home builders who consistently meet the Key Performance Indicators and the additional criteria set out Chapter 4 above, home builders will be charged enrolment fees on the following differential sliding scale, based on their grading:

 

TABLE OF FEES

 

Selling Price

Grade A

Grade B

Grades C & U

Grade D

(i) less than R500,000

0.9% of selling price

1.2% of selling price

1.3% of selling price

1.5% of selling price

(ii) greater than or equal to R500,000 and less than R1,000,000

R4,500 + 0.69% of amount exceeding R500,000

R6,000 + 0.92% of amount exceeding R500,000

R6,5000 + 1.0% of amount exceeding R500,000

R7.500 + 1.15% of amount exceeding R500,000

(iii) greater than or equal to R1,000,000 and less than R2,000,000

R7,950 + 0.60% of amount exceeding R1.000,000

R10,600 + 0.69% of amount exceeding R1,000,000

R11,500 + 0.75% of amount exceeding R1,000,000

R13,250 + 0.87% of amount exceeding R1,000,000

(iv) greater than or equal to R2,000,000 and less than R5,000,000

R13,950 + 0.40% of amount exceeding R2.000.000 up to R5,000,000

R17,500 + 0,46% of amount exceeding R2,000,000 up to R5,000,000

R19,000 + 0,5% of amount exceeding R2,000,000 up to R5,000,000

R21,950 + 0,58% of amount exceeding R2,000,000 up to R5,000,000

(v) greater than or equal to R5.000,000

R25,950

R31,300

R34,000

R39,350