Dodgy Estate Agent to Face the Music

EmailEmail Print Share

10 Feb 2012

Jawitz Properties is taking urgent legal action against its Jeffreys Bay franchise owner, Renette Block amid serious allegation of theft.

It is also alleged that there have been misappropriations of funds held in trust and funds paid to the franchise on behalf of their clients.

Herschel Jawitz, chief executive officer of Jawitz Properties says they were alerted to possible problems when their head office started receiving complaints at the end of 2011 from property owners who were not being paid their rent, which was paid to the Jeffreys Bay franchise office by tenants.

“When these problems were not being resolved by the franchise owner, we realised there was a problem and launched a full investigation of our own including appointing auditors to audit the trust account,” says Jawitz.

The group has taken immediate steps to cancel the franchise agreement and is seeking an urgent court interdict against Block, preventing her from having any access to the business and the business bank accounts.

Jawitz Franchise Systems has also laid criminal charges against the franchise owner Block with the Jeffreys Bay police.

In addition, the matter has been reported to the Estate Agency Affairs Board (the EAAB), the industry regulatory body for further investigation.

The EAAB has frozen the franchise’s trust account and if found guilty, Block could have her license revoked.

“Our first priority is to our clients and we are doing whatever we can to manage the situation.”

Similar Articles

Former Protea cricketer and world-renowned commentator,...

Fine & Country Zimbabwe recently opened a new office in...

Estate agents in the Western Cape can look forward to a...

View all articles

Top Articles

Offering a unique lifestyle and abundant natural beauty,...

Whether you’d like to spend time on the glorious coast or...

St Francis Bay in the Eastern Cape is the ideal weekend or...

View all articles
Top Articles
12 Feb 2016
Whether you’d like to spend time on the glorious coast or go further inl...
12 Feb 2016
St Francis Bay in the Eastern Cape is the ideal weekend or holiday escap...
12 Feb 2016
At USD$217 trillion, real estate is the pre-eminent asset class globally...
12 Feb 2016
Former Protea cricketer and world-renowned commentator, Pat Symcox, has ...
12 Feb 2016
Situated in Johannesburg North, Craighall and Craighall Park are attract...
Newsletter
Get the latest property news.
Select your options:
Loading

Your browser is out of date!

It looks like you are using an outdated version of Internet Explorer.

If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.

For the best browsing experience, update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.


Please contact our Property24 Support Team for further assistance. Tel. +27 (0)861 111 724