Professional Designation Examination November 2018 – Results are available

This serves to advise all estate agents who wrote the Professional Designation Examination (PDE) in November that results are now available on the My EAAB online portal available on www.eaab.org.za

Certificates for those who have passed are being printed and will be sent by no later than the end of February 2019.  

Read moreProfessional Designation Examination November 2018 – Results are available

Opinion: Property Bill misses the point

MAIN IMAGE: Jan le Roux, CE of Rebosa   Jan le Roux The National Assembly unanimously passed the Property Practitioners Bill on Tuesday 4 December 2018. The Bill, which will now go to the National Council of Provinces early next year, will ostensibly deliver transformation of the real estate industry before the 2019 general elections. Notably, … Read moreOpinion: Property Bill misses the point

Tribunal rule on ‘unfair’ penalty for early lease termination

It is business practice that a tenant has to pay a penalty, depending on the terms of the lease agreement, when there is early termination of the lease – but is it fair to charge the full penalty if the landlord is selling the property? The Western Cape Rental Housing Tribunal recently heard just such … Read moreTribunal rule on ‘unfair’ penalty for early lease termination

SA out of recession – more growth is needed say experts

SA’s economic activity picked up enough in the third term to exit out of the technical recession, but more is needed to place the country and the property sector firmly on sustainable economic growth say property experts. The news that the country’s economy officially exited the recession after reporting 2.2% GPD growth in the 3rd … Read moreSA out of recession – more growth is needed say experts

Property Bill approved by parliament – why Rebosa has concerns with current version

One director late with his FFC registration or audit report and the entire business and all the estate agents employed there find themselves deregistered. Sounds absurd? Unfortunately, this is a reality should the Property Practitioners Bill be voted into law as it stands warns Jan le Roux, CE of industry body Rebosa. That day is … Read moreProperty Bill approved by parliament – why Rebosa has concerns with current version

Rebosa 5 December 2018 Report

Dear Colleagues

The Ship has Sailed … Almost

The National Assembly unanimously passed the Property Practitioners Bill on Tuesday 4 December 2018.

Please refer to our report of 23 November 2018 in which we highlighted the challenges.  See below.

This is however, not the end of the road.  The bill still has to be passed by the National Council of Provinces.  This will only happen next year when Parliament sits again and after which the President can still consider same before signing the Bill into law.

Rebosa will still do everything humanly possible to effect the necessary changes we have been lobbying for.  Below please find the latest and still valid Rebosa comments (with highlighted paragraphs) on the Bill’s current version.  There is a long way to go.

Rebosa Property Practitioners Bill Highlighted Comments 5v Dec

For those of us wishing to blame government for what is lacking/wrong in the Bill, must please note that the Bill was passed unanimously.  This effectively means that all the opposition parties also agreed to pass the Bill.  This is therefore not just a government issue.  

Read moreRebosa 5 December 2018 Report

REBOSA 23 November 2018 Report

Dear Colleagues

Property Practitioners Bill

Our government started discussions around changes to the Estate Agency Affairs Act in 2006 when the Department of Trade and Industry still took responsibility for the real estate industry.

Almost 12 years later, there is urgent unprecedented activity in the Portfolio Committee on Human Settlements having meeting after meeting on the Property Practitioners Bill.  This committee has now almost completed its work after which the Bill will go to the National Assembly and to the National Council of Provinces for tabling and debating, thereafter to be signed into law.

We have grounds to believe that there is some urgency to make this all happen before the end of the year.  

Read moreREBOSA 23 November 2018 Report