COMMENTS ON THE HOME LOAN AND MORTGAGE DISCLOSURE AMENDMENT BILL, APRIL 2017

BACKGROUND

The Home Loan and Mortgage Disclosure Act 63 of 2000 was enacted in 2000.

It established an Office of Disclosure and requires of financial institutions to provide certain information regarding the provision of home loans to it. As end goal it aims to promote fair lending practices.  

Read moreCOMMENTS ON THE HOME LOAN AND MORTGAGE DISCLOSURE AMENDMENT BILL, APRIL 2017

IMPORTANT ANNOUNCEMENT: EXAMINATION CANDIDATES WHO UNDERTOOK THE PROFESSIONAL DESIGNATION EXAMINATION ON 2 MARCH 2017 MAY NOW OBTAIN EXAMINATION RESULTS

Candidates who wrote the Professional Designation Examination on 2 March 2017 are advised that:

  • the results of the examination may now be accessed by logging-on to the ‘MyEAAB’ portal of the EAAB website (www.eaab.org.za), clicking on the ‘Agents’ portal dropdown, completing the required information and then going to the right-hand menu and, under the ‘Education and Training’ tab, clicking on ‘Check your qualification status’ – if a green tick has been noted against the relevant PDE the candidate  will have passed the examination while if a red cross appears the candidate was unsuccessful;
  • appeals against examination results by unsuccessful candidates close on the 28 April 2017 after which date appeals cannot be entertained; and
  • certificates of Professional Recognition will be mailed to successful candidates by 2 June 2017.

 

Issued By: Estate Agency Affairs Board
Education and TrainingDept

Date of issue: 13 April 2017

Property Practitioners Bill New Deadline

Rebosa have received confirmation in writing from Mr Francois Hugo, Head of Ministry – Human Settlements, that given all the public holidays in April, the deadline for comments on the Property Practitioners Bill will be Thursday 18 May 2017 and not 30 April 2017 as gazetted. Please remember to send your comments to info@rebosa.co.za. Our panel of attorneys will be reviewing all the commentary we receive for inclusion in our final submission.

Rebosa Report 12 April 2016

Property Practitioners Bill

The Property Practitioners Bill was published for public comment on 31 March 2017.

Rebosa is currently consulting with a leading firm of attorneys and will be submitting our commentary by the deadline date of 30 April 2017.

We are inviting all our members to submit their comments to us by no later than Friday 21 April in order for us to collate the responses and include them in the discussions we will be having with our attorney’s, thus providing us with sufficient time to meet the deadline.  

Read moreRebosa Report 12 April 2016

REQUIRED DISCLOSURE BY INTERN ESTATE AGENTS

Intern estate agents are reminded that they are obliged, pursuant to the provisions of regulation 2(4)(a) of the Standard of Training of Estate Agents Regulations, 2008, to disclose the fact that they are intern estate agents on all printed material relating to their activities as estate agents. They are required, therefore, specifically to disclose the fact that they are intern estate agents on, for instance, all business cards, letterheads, pamphlets, brochures and any form of advertising, save only for advertisements appearing in the ‘smalls’ section of the press.

Intern estate agents may not, whether directly or indirectly, hold themselves out or advertise that they have complied with the prescribed educational requirements or that they are full status estate agents.

Intern estate agents may also not complete or draft any documentation relating to any transaction negotiated by them, in their capacity as intern estate agents, otherwise than in the presence of a principal estate agent or of a full status estate agent who has continuously held a valid fidelity fund certificate for a period of at least three years. That principal or full status estate agent must, in addition, certify on the documentation in question that such documentation was completed in his/her presence.

Issued by: Estate Agency Affairs Board

Date of issue: 12 April 2017

Property Practitioners Bill Published for Comment

REBOSA REPORT – 3 April 2017

Property Practitioners Bill

On 31 March 2016 the Minister of Human Settlements, published the Property Practitioners Bill for public comment.  The industry have 30 days to submit their commentary i.e. before 30 April 2017.  Rebosa will be working with a leading legal firm to interrogate the bill and provide our commentary. 

Read moreProperty Practitioners Bill Published for Comment