ENROLMENT FOR THE PROFESSIONAL DESIGNATION EXAMINATION (PDE) TO BE HELD ON 08 November 2018 IS OPEN

This serves to notify all eligible PDE candidates (including intern estate agents who have met the necessary internship, logbook and qualification requirements) that they may now register for the PDE scheduled to take place on 08 November 2018 by accessing the ”MyEAAB” portal.

The closing date for examination registration is 28 October 2018 and no late enrolments and/or payments will be accepted.  

Read moreENROLMENT FOR THE PROFESSIONAL DESIGNATION EXAMINATION (PDE) TO BE HELD ON 08 November 2018 IS OPEN

AGENTS WHO HAVE BECOME DISQUALIFIED DUE TO FAILURE TO COMPLY WITH THE PRESECRIBED STANDARDS OF TRAINING – CPD

Should you have become disqualified as an estate agent due to your failure to comply with the prescribed standard of training, the EAAB is presently not able to issue a fidelity fund certificate to you for the 2019 calendar year. You can, though, remediate the CPD non-compliance by making an application to the EAAB in terms of the proviso to section 27 of the Estate Agency Affairs Act.

If you wish to make such an application you should immediately access the Online Query Management System on the EAAB estate agent’s portal (www.eaab.org.za). Once you have accessed the portal please select “Section 27/CPD disqualification” from the dropdown menu that will appear on the OQMS. Doing so allows you to submit an application to the EAAB to remediate the CPD non-compliance.   

Read moreAGENTS WHO HAVE BECOME DISQUALIFIED DUE TO FAILURE TO COMPLY WITH THE PRESECRIBED STANDARDS OF TRAINING – CPD

CPD DISQUALIFICATION APPLICATION PROCESS FLOW

  1. Section 27 of the Estate Agents Affairs Act 112/1976 (The Act) provides that agents are disqualified from being issued with an FFC if…

(vi) (The agent)… does not comply with the prescribed standard of          training;

The Regulation, Standard of Training of Estate Agents, 2008, requires that agents comply with CPD programs instituted by the board.

  1. In terms of the CPD program implemented by the EAAB, all principal and full status agents who are enrolled as such with the EAAB and who have not become deregistered in terms of section 4(1) of the Regulation on Fidelity Fund and Registration Certificates, 2006, read with section 3.1 of Regulation on Trust Accounts, 1977.

Read moreCPD DISQUALIFICATION APPLICATION PROCESS FLOW

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