Rebosa 29 January 2019 Report

Dear Colleagues


Property Practitioners Bill

On 4 December 2018 the National Assembly adopted the Property Practitioners Bill.  On Tuesday 29 January 2019, the Department of Human Settlements briefed the National Council of Provinces for deliberation of the Bill.  In the week commencing 4 February 2019, the Bill will be presented to the Provinces.

During the 3rd week of February, the NCOP will hold another round of public hearings in all provinces.  This will be the last opportunity the industry has to voice their concerns and make comments before the NCOP makes final mandates on the Bill on 12 March 2019.  

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SELF-ASSESSMENT OF COMPLIANCE WITH EAAA AND FICA 2018/2019

NOTICE TO ALL PRINCIPALS

SELF-ASSESSMENT OF COMPLIANCE WITH EAAA AND FICA 2018/2019

The Estate Agency Affairs Board (the EAAB) has a mandate to regulate and control certain activities of estate agents in the public interest. In addition, the EAAB is a Supervisory Body of the estate agency profession in terms of the Financial Intelligence Centre Act and is obliged to take all steps required to prevent, identify and report on money laundering and terrorist financing activities in the estate agency sector.  

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Full status estate agents are reminded that they must register for CPD purposes for 2019

The EAAB reminds professional estate agents, excluding only current intern estate agents, that they must register for participation in the 2019 CPD programme by no later than 31 March 2019. This is particularly relevant for those former intern estate agents who obtained full status as estate agents during the course of 2018.

For this purpose estate agents should access the “MyCPD” portal on the EAAB website (at www.eaab.org.za). The first step in the CPD registration process is to complete a Personal Development Plan (“PDP”) for the 2019 year.  Once the PDP is completed to the satisfaction of the participant it must be sent to the EAAB by pressing the “submit” button.  

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