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

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.  

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REMINDER AND EXTENSION OF DEADLINE: SELF-ASSESSMENT OF COMPLIANCE WITH EAAB AND FICA

ATTENTION: TO ALL EASTATE AGENTS WHO HAVE NOT AS YET COMPLETED AND SUBMITTED THE SELF ASSESSMENT

REMINDER AND EXTENSION OF DEADLINE: SELF-ASSESSMENT OF COMPLIANCE WITH EAAB AND FICA

Further to the email send to you on 18 January 2018 on the above subject, as the principal of the selected estate agency firm, you are reminded that you should login on the MyEAAB Agents Portal, click on the “Self-assessment” link on the Portal and complete the questionnaire.  

Read moreREMINDER AND EXTENSION OF DEADLINE: SELF-ASSESSMENT OF COMPLIANCE WITH EAAB AND FICA

GUIDANCE ON THE IMPLENTATION OF THE FINANCIAL INTELLIGENCE CENTRE AMENDMENT ACT BY ESTATE AGENTS

The President assented to the Financial Intelligence Centre Amendment Act, 2017 (“the Act”), on 26 April 2017. Certain sections of the Act came into operation on 13 June and also on 2 October 2017 while other sections of the Act will come into operation on a date still to be announced.

It is suggested that estate agency firms, as accountable institutions, carefully consider the changes introduced by the Act at the highest level of authority such as, for instance, by the board of directors, senior management or any other high level of authority within the enterprise.  

Read moreGUIDANCE ON THE IMPLENTATION OF THE FINANCIAL INTELLIGENCE CENTRE AMENDMENT ACT BY ESTATE AGENTS

Continuing Professional Development (CPD) in 2018

It is most gratifying for the EAAB to be able to record that the overwhelming majority of estate agents that were required to do so have successfully completed the first three-year rolling CPD cycle.  This, no doubt, bodes extremely well for the continued professionalisiation of the real estate sector and for the enhancement of the status of estate agents in fulfilling a most important role within the South African economy.

It should be recorded, however, that those participants who have successfully completed the first three-year rolling CPD cycle, are now required to register for the next CPD cycle which, in their case, will commence in 2018.  It is to be emphasised that that CPD represents a career long commitment by estate agents to the maintenance of the highest standards of professionalism within the differentiated real estate sectors in which they operate.  

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