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Estate Agency Affairs Act, 1976 (Act No. 112 of 1976)

Chapter II : Estate Agents Fidelity Fund

21. Transfer of rights and remedies to board

 

 

If the board settles in full or in part any claim under this Chapter, there shall pass to the board, to the extent of such settlement, all the rights and remedies of the claimant in respect of such claim against the estate agent concerned or any other person or if applicable, in the case of the death, insolvency or other legal incapacity of such estate agent or other person, against the estate of the said estate agent or other person.