For buying agents
Sell your secured deals to investors who are ready to buy
You have found a cashflow-positive property and secured it under an option you can pass on. IQprop puts it in front of property investors, with our own analysis beside your figures, and handles the offer and the payment.
Listing deals opens soon — you can apply now and be verified in the meantime.
What you get
Deals in front of buyers
Your deals are shown to IQprop Investor and Portfolio subscribers — investors who are paying to buy, not casual browsers.
Our analysis beside yours
Next to your figures, investors see IQprop’s own independent analysis of the deal. When the two agree, that builds trust fast.
An accuracy rating
Over time, investors see how closely your figures matched reality. Accurate agents stand out.
Offers that expire in 48 hours
Investors can accept your price or make a counter-offer. Every offer lapses after 48 hours, so nothing sits open for weeks.
Paid through IQprop
Once a price is accepted it is locked, and the investor pays through IQprop within 48 hours. Your share goes straight to your own account.
What it costs
R250a month
For the agent portal. Paid by card, month to month. Cancel any time.
10%platform service fee
Of the agreed option price, and only when a deal sells through IQprop. If nothing sells, there is no fee.
What you need
Selling an option to a buyer is estate agency work, so you must be registered with the Property Practitioners Regulatory Authority (PPRA). There are two ways in:
You have your own Fidelity Fund Certificate
Give us your certificate number when you apply and we will check it. Nothing else to join.
Or join the BlackBarn Properties programme
BlackBarn Properties is registered with the PPRA and holds a valid Fidelity Fund Certificate. It sponsors, supervises and trains its agents. A once-off registration of R5 750, paid to BlackBarn, plus a monthly training day.
You are responsible for the figures you list, and you confirm they are true and complete. IQprop’s own analysis shown beside them is a guideline, never a guarantee.
How it works
Step 1
Apply
Tell us how you are registered with the PPRA and the areas you buy in. It takes a few minutes.
Step 2
We check you
We confirm your Fidelity Fund Certificate, or BlackBarn Properties gets in touch to sign you up.
Step 3
Subscribe
Once you are verified, subscribe for R250 a month by card. Cancel any time.
Step 4
List your deals
Add the figures, photos and specs of each deal. Investors make offers; you accept, counter or let them lapse.
Questions agents and investors ask
General information, not legal advice. The agent terms are being finalised; they will set out exactly how this works, and you will see them before you pay or list anything. Take your own legal advice on any deal.
What is an option, and what is a cession?
An option is a seller’s written promise to sell a property to the holder at an agreed price, if the holder decides to buy before a set date. A cession is how the holder passes that right to someone else. On IQprop the agent holds the option and cedes it to the investor who buys it, who can then exercise it and buy the property directly from the seller.
Is this legal in South Africa?
Options to purchase and cessions of rights are recognised in South African law, and selling an option to a buyer is estate agency work — which is why every agent on IQprop must hold a Fidelity Fund Certificate, either their own or through the BlackBarn Properties programme. Whether a particular option can be ceded depends on how it is written: some require the seller’s consent. The agent terms will require options to be assignable, and an investor should have the option and cession checked by their own conveyancer or attorney before paying.
Why would a seller agree to an option?
Usually for certainty and speed: a committed price, a fixed date, and often an option fee paid up front for granting it. Some sellers want to avoid a long marketing period or a public listing. The seller still sells to the investor on the agreed terms; IQprop is not a party to the sale.
What if the investor’s bond is declined?
That depends on the option and the sale agreement, so read both before you pay. An option normally gives a right to buy, not a duty, but money already paid — the cession price, and any deposit under the sale — may not come back if the purchase does not go ahead. Have your bond finance assessed first, by your bank or a bond originator. The agent terms will set out what IQprop refunds, if anything.
Who pays transfer duty and the transfer costs?
The buyer — the investor — as in an ordinary sale: transfer duty to SARS (or VAT if the seller is a VAT vendor) and the conveyancer’s and Deeds Office fees, unless the sale agreement says otherwise. Whether the cession price paid to the agent adds to the transfer duty base is a question for your conveyancer or tax practitioner. IQprop’s analysis shows transfer duty and costs on the purchase price.