Californian estate agents exempt from minimum wage

While bracing for the imminent ‘perfect storm’ when the new Property Practitioners Act will be implemented in conjunction with the National Minimum Wage Act – consider this: in the US estate agents are classified as independent contractors while here, in most cases, they are not.

Speakers Corner

Commenting on ‘Minimum wage or maximum earnings?’ Mark Jones wrote that the financial impact will probably add to the reluctance of business owners to take on interns. Many agents also expressed concern about the financial burden implementation of minimum wage will place on small agencies.

Advice on listing a fixer-upper

In a buyer’s market fixer-upper homes could yield fine investment results to homebuyers. Property experts share advice on how to list such properties so buyers can recognise their potential.

Understanding how sectional title rules work

If the owners in a specific sectional title scheme want to make new “house rules” for their scheme, it’s very important that they follow the proper procedure, says Berry Everitt, CEO of the Chas Everitt International property group.