ENROLMENT FOR THE PROFESSIONAL DESIGNATION EXAMINATION (PDE) 16 AUGUST 2018 (Excluding Intern Estate Agents)

Dear Stakeholders

It has come to our attention that the MyEAAB portal notification for the next Professional Designation Examination (PDE) enrolment date is confirming the examination date as 17 August 2018, which is incorrect.

Please note that the correct examination date is Thursday, 16 August 2018. All examination candidates with examination numbers will be allowed entry into the examination venue. In order to receive an examination seat number on time, please enrol on time via the MyEAAB portal (this includes those who have postponed the examination) and make the correct payment using the correct Reference Number.  This must be done before the closing date of 27 July 2018. Examination venues are listed below for your convenience.  

Read moreENROLMENT FOR THE PROFESSIONAL DESIGNATION EXAMINATION (PDE) 16 AUGUST 2018 (Excluding Intern Estate Agents)

2018 AUDIT REPORTS SUBMISSION REMINDER

1 June 2018

The submission deadline of 30 June 2018 for estate agency firms with a financial year-end of 28 February 2018 is imminent and this notification serves as a reminder to principals of these estate agency firms.

In order to ensure compliance with section 29(b), 32(3)(b) and 32(4) of the Estate Agency Affairs Act (the Act), principals are reminded to take note of the following information and also bring it to the attention of the auditors of their estate agency clients:  

Read more2018 AUDIT REPORTS SUBMISSION REMINDER

IMPORTANT ANNOUNCEMENT: PROFESSIONAL DESIGNATION EXAMINATION (PDE) ENROLMENT IS NOW OPEN FOR 17 May 2018

This serves to inform eligible PDE candidates (those who have met internship (intern estate agents) and qualification requirements (NQF 4/5 Certification or equivalency exemption) that the enrolment and registration of 17 May 2018 examination is now open on MyEAAB portal, and closing on 26 April 2018no late enrolments and payments will be accepted.  

Read moreIMPORTANT ANNOUNCEMENT: PROFESSIONAL DESIGNATION EXAMINATION (PDE) ENROLMENT IS NOW OPEN FOR 17 May 2018

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 – 1 APRIL 2018

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 R2130.00, effective from 01 April 2018.  

Read morePROCEDURE 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 – 1 APRIL 2018

PROCEDURE WHEN APPLYING FOR AN EQUIVALENCY EXEMPTION AGAINST THE NQF LEVEL 4 AND/OR 5 REAL ESTATE QUALIFICATIONS EFFECTIVE FROM 1 APRIL 2018

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

This serves only to communicate the fee payable effective 1 April 2018 to the EAAB for the consideration of each individual equivalency exemption application; which is to the sum of R1 670.00. If the applicant is a registered estate agent holding a valid fidelity fund certificate with an allocated 7 digit reference number, such amount must be paid into the following bank account, namely:  

Read morePROCEDURE WHEN APPLYING FOR AN EQUIVALENCY EXEMPTION AGAINST THE NQF LEVEL 4 AND/OR 5 REAL ESTATE QUALIFICATIONS EFFECTIVE FROM 1 APRIL 2018

PROCEDURE FOR THE GRANTING OF EDUCATIONAL EXEMPTIONS TO NON-EXECUTIVE DIRECTORS OF ESTATE AGENCY COMPANIES – 1 APRIL 2018

In accordance with the provisions of the Education Regulations and the Estate Agency Affairs Act, all principal estate agents including all Directors of  an estate agency company must comply with prescribed standards of education and training  including certification against the NQF Level 5 Real estate qualification (National Certificate: Real Estate) and have passed the Professional Designation Examination for principal estate agents (PDE5) to enable such principal estate agents and Directors to be issued with a valid fidelity fund certificate as required by section 26 of the Estate Agency Affairs Act.  

Read morePROCEDURE FOR THE GRANTING OF EDUCATIONAL EXEMPTIONS TO NON-EXECUTIVE DIRECTORS OF ESTATE AGENCY COMPANIES – 1 APRIL 2018

Standard Operating Procedure Manual for Registrations

Please find below the Standard Operating Procedure Manual for Registrations Department.  This document was compiled to compliment the “How to Guides” on EAAB’s website under the registrations tab –https://www.eaab.org.za/registrations

Please note that from the 2nd of April 2018, Registrations department will not be considering queries that are submitted via email without Online Query Management (OQMS) reference numbers.

EAAB_Standard Operating Procedure Manual_SOPM_April 2018

Participating in the Continuing Professional Development programme during 2018

The fourteen selected topics, and Integrated Real Estate Dialogues, comprising the CPD programme for 2018

CPD participants are advised that the CPD programme for 2018 comprises the following fourteen topics, six of which are reserved for principals only.  In addition to the listed topics the EAAB will also continue to present the annual Integrated Real Estate Dialogues, which are open to both principals and non-principals alike, for the accrual of verifiable CPD points.  

Read moreParticipating in the Continuing Professional Development programme during 2018

CONTINUING PROFESSIONAL DEVELOPMENT (“CPD”) IN 2018

For Principal and Non-Principal estate agents only (excluding Intern estate agents)

CPD compliance in 2018

CPD participants, that is to say, all non-principal and principal estate agents who have been issued with valid fidelity fund certificates for 2018 by the EAAB (excluding intern estate agents presently holding valid ‘intern’ fidelity fund certificates), are reminded that they are required, in terms of the Standard of Training of Estate Agents Regulations, 2008, to comply with the prescribed CPD programme in 2018.  

Read moreCONTINUING PROFESSIONAL DEVELOPMENT (“CPD”) IN 2018