1. No estate agent shall –
(a) offer or undertake to offer the sale or let of immovable property without a mandate;
(b) accept or undertake to accept to purchase or rent immovable property without a mandate;
1. No estate agent shall –
(a) offer or undertake to offer the sale or let of immovable property without a mandate;
(b) accept or undertake to accept to purchase or rent immovable property without a mandate;
(Regulation 6 (2))
1. Subject to paragraph 4, the estate agency fees for mandates to sale or purchase immovable property shall be :
The Zambia Institute of Estate Agents is a statutory body formed under Estate Agents Act No.21 of 2000 with the major objective of regulating the estate agency sector.
At the peak of the privatization of the economy in general and the housing and real estate industry in particular which followed the sale of government houses to sitting tenants, the estate agency sector looked set to expand and law makers discerned the need for regulation and passed the Estate Agency Act No.21 in the year 2000, it was however never assented to for another decade and it therefore remained inactive.
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