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It seems that every week these days a new online, low-commission, hybrid and fixed-fee real estate agency launches in South Africa. While their differentiation is very much based on their fee structure – promising to save a seller thousands in estate agency commission – they also

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The prop tech industry continues to make headlines with one of the country’s oldest low-commission estate agencies, Steeple, being acquired by newer low-commission player, PropertyFox, according to reports. The deal will see all of Steeple’s current mandates and sellers “migrating” to PropertyFox. “It will add around 100

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Online and single-office real estate agencies have been served with notices by South Africa’s biggest property portal, Property24. The notices centre on changing the charging structure instituted by Property24 on physical real estate offices. A mail circulated to affected agencies, such as PropertyFox and HomeBid, said the

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In the past two to three years a number of new estate agencies, boasting low-commission or fixed-fee offerings, have threatened to disrupt the established South African estate agency model. Traditional agencies, such as Seeff, Pam Golding Properties, Lew Geffen Sotheby’s International Realty and RE/MAX (to

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