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The Consumer Protection Act (CPA) in South Africa is designed to protect consumers by regulating the market and ensuring fair practices.
In the context of South African law, blacklisting is a notation on an individual's or company's credit report that indicates a history of non-payment or defaulting on debt. This mark can severely impact a person's or entity's ability to borrow money, obtain contracts, or even secure employment.
The goal of the Consumer Protection Act was to put in place a legislative framework to regulate and promote fair practices in the provision of goods and services.
The Consumer Protection Act 68 of 2008 (CPA) came into effect in 2011, and of particular interest to the brief discussion in this article it came with changes with regards to rental agreements. These changes include rights and obligations pertaining to early cancellation as well as the maximum period for a lease period.
The Consumer Protection Act aims to promote fair, open and ethical business practice. It addresses all aspects necessary to protect the consumer from business transactions that take place. It applies to all industries and business to consumer trades, including real estate.
The Consumer Protection Act Number 68 of 2008, dictates every transaction as defined by the act between a consumer and supplier who promotes and sells services or goods to generate an income in South Africa.
Estate agents’ responsibilities are made clear in the Institute of Estate Agents South Africa Code of Ethics and Conduct and is supported by the Consumer Protection Act.
The cooling off period in the Consumer Protection Act may bring some serious, unwanted implications for estate agents selling property.
Timeshare contracts are structured in such a way that they can’t be terminated. This means the process of getting out of timeshare obligations can thus be very difficult for the average person.
Estate agents are suppliers of goods and services to sellers and buyers of immovable property and so they fall into the defined criteria of a supplier as highlighted in the Consumer Protection Act.
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