PROCEDURE WHEN APPLYING FOR AN EQUIVALENCY EXEMPTION AGAINST THE NQF LEVEL 4 AND/OR 5 REAL ESTATE QUALIFICATIONS

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16 March 2016

Practice Note ETD03/2013 deals with the assessment of equivalency exemptions by the EAAB.

The fee payable to the EAAB for the consideration of each individual equivalency exemption application is the sum of R1260.00

Read morePROCEDURE WHEN APPLYING FOR AN EQUIVALENCY EXEMPTION AGAINST THE NQF LEVEL 4 AND/OR 5 REAL ESTATE QUALIFICATIONS

ARRANGEMENTS OUTLINED FOR ACCOUNTABLE AND REPORTING INSTITUTIONS NOT REGISTERED WITH FIC AS AT 7 March 2016

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IN LATEST PUBLIC COMPLIANCE COMMUNICATION The Financial Intelligence Centre (FIC) has issued Public Compliance Communication No 34, 160308 PCC34 Final Approved, which allows accountable and reporting institutions not registered as at 7 March 2016, to contact the FIC to obtain temporary login credentials.

This will allow these institutions to submit a report to the FIC.  

Read moreARRANGEMENTS OUTLINED FOR ACCOUNTABLE AND REPORTING INSTITUTIONS NOT REGISTERED WITH FIC AS AT 7 March 2016

PROCEDURE WHEN APPLYING FOR EXEMPTION BASED ON AGE OF 60 YEARS AND ABOVE AGAINST THE NQF LEVEL 4 AND/OR 5 REAL ESTATE QUALIFICATIONS AND PROFESSIONAL DESIGNATION EXAMINATION FOR PRINCIPALS AND FOR NON-PRINCIPALS

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The Press release dated June 30, 2011: EAAB grants estate agents qualification and PDE exemption for over 60’s deals with the resolution and policy approved by the EAAB Board for the grant of exemption and process that must be followed by interested and qualifying estate agents who are aged 60 years and above.

The fee payable to the EAAB for the consideration and assessment of each individual application (portfolio of evidence) and for consideration into the interview phase is the sum of R1600, 00 effective from 01 April 2015.

If the applicant is a registered estate agent holding a valid fidelity fund certificate, and meeting the policy criteria and upon submission of a compliant portfolio of evidence as per policy requirements, must pay the above-mentioned fee into the following bank account, namely:

Upon receipt of the portfolio of evidence, regarded as an application for the exemption, the relevant Education and Training official will assess the portfolio for compliance and ensure the paid fee is processed prior to inviting the applicant for an interview. Once the applicant has been invited for such an interview, it is incumbent upon the applicant to confirm and attend the scheduled interview as per invitation. It should be noted that in view of the set deadline for qualifications compliance, the EAAB will be conducting the interviews as per set schedule currently on the website and no applicant will be accommodated thereafter. No confirmation and pitch at the interview venue will result in the forfeiture of the paid fee.

Issued by:
The Education and Training Department
ESTATE AGENCY AFFAIRS BOARD

Directive 04/2016: Accountable and reporting institutions required to update registration related information to access the Financial Intelligence Centre’s new registration and reporting platform

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Friday 04 March 2016: The Financial Intelligence Centre (FIC) is preparing to launch its new registration and reporting system, called goAML, to go live at the end of April 2016. To help facilitate the transition from our current registration platform to goAML, FIC is requesting accountable and reporting institutions take note of important arrangements and dates.

Institutions already registered with the FIC are required to update registration-related information which will include institution and user details. The FIC has issued a Directive advising the same (click here to access the Directive).

The FIC will provide existing registrants with an entity registration identity, also referred to as an “Org ID”. Upon receipt of the Org ID, institutions that are already registered on the FIC’s current system must utilise the Org ID to update their registration related information. Updating of registration related information will include institution and user details.

Updating of registration related information will commence on Wednesday, 30 March 2016 and will continue until Friday, 22 April 2016.

Queries on this and other compliance matters can be logged via a web query via the FIC’s website at www.fic.gov.za or directed to www.fic.gov.za/Secure/Queries.aspx or call 0860 222 200.

Hi Jan Congratulation with the establishment of the multi-stakeholder group. While I am sure it is not going to be easy, I do believe it is progress. Well done! Regards Derek Fox Auction Boys  

Intern Log Books

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The EAAB advise that, even where an intern estate agent  has been granted an equivalency exemption against the NQF Level 4 and 5 real estate qualifications, that person is still required to maintain and keep the prescribed intern logbook and, on the completion of the mandatory internship period, submit that logbook to the EAAB for assessment.

The intern will not be able to enrol for the Professional Designation Examination for non-principal estate agents (PDE 4) until the intern logbook has been approved by the EAAB.

Issued by:-

Clive Ashpol
Education and Training Department

The new EAAB telephone number is 087 285 3222 

B-BBEE Commission

ENGAGEMENT SESSION WITH THE PORTFOLIO COMMITTEE ON TRADE AND INDUSTRY

the dti is in the process of finalising the establishment of the B-BBEE Commission, an entity established in terms of section 13B of the B-BBEE Act 53 of 2003, as amended. As part of this process, we are engaging critical stakeholders on the mandate of the B-BBEE Commission, with the aim of obtaining the views and expectations of these stakeholders on the work ahead. The Minister will announce the date on which the B-BBEE Commission will open its doors.

Read full presentation B BBEE Commission Parliamentary Engagement