Property Practitioners Bill
On Tuesday 26 June, the Department of Human Settlements briefed the Parliamentary Portfolio Committee on Human Settlements on the Property Practitioners Bill [B21-2018]. The Portfolio Committee is going to embark on a public participation process where the public will have an opportunity to interact with the committee on the Bill. Rebosa will be participating in this process and will notify all our members in due course. Please see the press release from the meeting below.
Rebosa held its 5th Annual General Meeting on 18 May 2018. Below please find the Chairman’s Report.
2018 Audit Reports Submission Reminder
Estate agency firms with a financial year-end of 28 February 2018 are reminded that the submission deadline for audit reports is 30 June 2018. No extensions will be given.
In instances where estate agencies experience delays in obtaining IT3b certificates for trust accounts from the banks, it will be acceptable for the auditor to attach a covering letter (in place of the IT3b certificate) explaining the reasons why the IT3b certificate could not be obtained and attached when submitting the audit report online. The delays or difficulties in obtaining the IT3b certificates from banks should not delay the submission of the audit reports within the prescribed four months after the financial year end.
In order to avoid the last minute request of Firm PIN Numbers required to submit an audit report, principals are required to get this Firm PIN Number, which starts with the letter “F”, well in advance of the submission deadline from the estate agency firm’s Fidelity Fund Certificate.
Please read the full notice below.
2019 Fidelity Fund Renewals
FFCs for 2019 must be renewed and paid for before 31 October 2018. Agents can start the renewal process effective 1 July 2018 and you are well advised to proceed as soon as possible.
SSETA Chamber Manager – Real Estate
SSETA have appointed Mr Thembinkosi Mosia as new Chamber Manager for the real estate sector. We congratulate Mr Mosia on his appointment and wish him well in this new role.
NQF4/NQF5 Certification Backlog
Following a meeting Rebosa’s Educational Steering Committee had with SSETA earlier this month, they have committed to assist us with the ongoing certification backlog.
If you still have an outstanding NQF4 or NQF5 certificate, please write to firstname.lastname@example.org with the following information:-
Name of Training Service Provider
Learner Achievement (LA) number from Training Provider
We can only assist if all the above information is sent to us, and more specifically the LA Number.
SSETA have also appointed an external service provider to implement a rescue plan where all learners abandoned by their training provider can submit their Portfolio of Evidence and be assisted. This is where Training Providers are no longer trading and excludes DITASA and iSeleSele, who already have a rescue plan in place. If you fall into this category of learner you can also request our assistance by supplying us with the information above.
Property Charter Presentation
We have just concluded a national roadshow on the Property Charter and BEE Codes. We thank all our members who attended. We have been asked by many of you to forward the presentation. Adrian Frewen from Phatshoane Henney Group is currently developing an information series which we will forward to all our members on completion.
EAAB REGISTSRATIONS – Letters of employment must be signed by Principals
The EAAB have notified us that effective 12th of June 2018, they are required to only accept CERTIFIED IDs and Passports. While they have not strictly enforced this in the past, they are now required to, in order to avoid audit findings. If your documents are not certified, the registration will not be processed.
In addition, letters of employment NOT SIGNED BY THE PRINCIPAL OF AN AGENCY ARE NOT ACCEPTABLE. EAAB personnel have been instructed not to register any intern estate agent without such signed letters and have been notified that it is a serious violation of the EAAB’s internal rules if they do.
The only person that can employ an intern agent is an estate agency firm but because the firm is a juristic person and can only be represented by the principal, only the principal should sign and no one else.
The EAAB will be validating new registrations on the following:-
Verify that the purported principal on the letterhead is indeed a principal as per both CIPC company registrations and the EAAB SAP system and
In instances where he is both an intern and also a director, s/he must get the other directors who are qualified principals to also sign the letter.
No letters signed by HR Managers or agents, interns themselves will be accepted.
See below for full details on the registration process.
Jan le Roux
REBOSA | (NPC) Company Registration 2011/12976/08
PostNet Suite #35 │Private Bag X3 │Plumstead │7801
Fax: 086 604 7245 │ Email: email@example.com │ Website: www.rebosa.co.za