10 THINGS YOU SHOULD KNOW ABOUT PROPOSED CHANGES TO THE PROPERTY PRACTITIONERS BILL

1. DEFINITIONS

The Bill would extend the definition of an estate agent to a property practitioner, which could include bank employees, bond originators and building caretakers. This wider definition will mean the EAAB (the authority in future) will be inundated.

2. OMBUDSMAN

The introduction of an ombudsman, who in turn can appoint a mediator. There could be a faster resolution of conflicts but it also leads to vast powers with overlapping and unclear jurisdictions.

3. COMPOSITION OF THE BOARD

The number of board members would be reduced to a maximum of 12. The Minister can and will appoint at least one person with knowledge of the industry.

Read more

ED HATCH – ONE DAY ONLY

CLICK HERE TO WATCH A PERSONAL MESSAGE FROM ED HATCH

Top real estate trainer and well known international speaker Ed Hatch will be in South Africa offering training for ONE DAY ONLY.

Ed has spoken to over 100 audiences each year since 1990.  He has been a featured speaker at the last twenty eight consecutive NAR Conventions, at ten CRS Sell-a-brations and has spoken on the topics of negotiating, business and strategic planning, customer service, and leadership throughout the United States, the United Kingdom, Europe, Canada, New Zealand, Africa, South America, Singapore, Scandinavia, and Malaysia.  

Read more

3 INDUSTRY ISSUES YOU SHOULD KNOW ABOUT RIGHT NOW

REBOSA CEO Jan le Roux outlines some big issues that the property industry is keeping an eye on:-

1. PROPERTY PRACTITIONERS BILL

The importance of the new Bill cannot be overestimated as it will dictate how the property industry operates for decades to come.

REBOSA has been gearing up to comment on this Bill for some time. We have now submitted detailed comments to the Minister of Human Settlements – in total 108 points of positive criticism. We will continue in this vein; we have requested a meeting with the Minister and for the right to address the Parliamentary Portfolio Committee on Human Settlements on this issue.

REBOSA also intends interacting with ANC and opposition parliamentarians as much as possible. The existing Act has been in operation since 1976. We have published the Bill and our comments on our website and started a Q&A column. We invite all agents to submit questions.  REBOSA has hosted a number of countrywide road shows to communicate the challenges of the Bill to members of the industry to ensure that everyone is informed.

As an organisation, we are disappointed with the Bill, considering that the process of revamping the legislation started in 2008. Nine years in the making, we hoped that a more dynamic version of the current Bill would have been put on the table.

2. REALIGNMENT OF REAL ESTATE QUALIFICATIONS

The following real estate qualifications are currently registered on the National Qualifications Framework (NQF). They are a core part of the ongoing education, training and professionalisation process of the real estate sector.

• National FET Certificate in Real Estate – SAQA ID 59097 | NQF level 4 | Credits 150
• National Certificate in Real Estate – SAQA ID 20188 | NQF level 5 | Credits 135

Both fall under the occupational qualifications sub-framework. The Quality Council for Trades and Occupations (QCTO) Delegated QA Functionary is the Services Sector Education and Training Authority (SSETA). The registration end date for both qualifications is June 30 2018. The last date for enrolment is June 30 2019.

The South African Qualifications Authority (SAQA) says these qualifications come from previous qualification development models that are still active and therefore need to be taken through a “conversion process”.

Following a meeting to discuss this realignment of qualifications with SSETA and QCTO, REBOSA is now forming a steering committee comprising industry leaders and education professionals to offer input on alternative or new occupational qualifications to replace the current NQF 4 and 5 legacy qualifications within the real estate sector.

Read more

Property Sector Charter Council releases its first public state of transformation report for the property sector

The Property Sector Charter Council recently  launched the PSCC 2015-2016 State of Transformation Report for the Property Sector to coincide with the gazetting of the long-awaited Amended Property Sector Code (June 2017 Gazette no. 40910) on Friday, June 9, 2017. The full report can be downloaded below.

PSCC SOT Report Final- 2017

 

 

Property Practitioners Bill New Deadline

Rebosa have received confirmation in writing from Mr Francois Hugo, Head of Ministry – Human Settlements, that given all the public holidays in April, the deadline for comments on the Property Practitioners Bill will be Thursday 18 May 2017 and not 30 April 2017 as gazetted. Please remember to send your comments to info@rebosa.co.za. Our panel of attorneys will be reviewing all the commentary we receive for inclusion in our final submission.