09 February 2017
CPD participants are advised that the CPD programme for 2017 has been placed on the EAAB website (www.eaab.org.za) for their perusal. To do so participants should access the “Education” menu and then proceed to the “CPD” portal.
The programme gives participants an indication of the various topics, and their content, that are to be presented by the EAAB for the acquisition of verifiable CPD points during 2017. The programme should, therefore, assist participants not only when completing the required Personal Development Plan (PDP) necessary to register for CPD purposes but also in choosing topics of interest to them to acquire the necessary fifteen verifiable CPD points during the course of 2017. It will be noted that certain CPD topics are directed solely at principal estate agents while other topics are delivered only through e-learning.
It is anticipated that the CPD diary and e-learning programme for 2017 will be uploaded to the EAAB database by Monday, 20 February 2017. As from that date participants will be able, provided only that they have completed and submitted the PDP and paid the required registration fee, to start making reservations to attend CPD contact sessions and/or to commence participation in the CPD e-learning programme.
CPD participants will, henceforth, be kept fully informed of all developments pertaining to the 2017 CPD programme.
Issued: Education and Training Department
CPD Programme for 2017
|1||Integrated Real Estate Dialogues||Integrated Real Estate Dialogues||The EAAB engages with its stakeholders regarding matters of mutual interest and concern including, for instance, the requirements and impact of anti-money laundering legislation as well as current levels of compliance with the Financial Intelligence Centre Act; updates on the progress of the proposed Property Practitioners Bill; environmental legislation and compliance with NEMA and NEMBA; and any other developments in the property sector generally that the EAAB believes stakeholders should be aware of.||Both principal and non-principal estate agents||Contact only|
|2||Technical Knowledge||Legal update||An overview of the topical new legislative enactments that may impact on the various differentiated spheres of estate agency practice; an overview of topical case law, including an analysis of selected case studies, that are relevant to the various differentiated spheres of estate agency; and an assessment of the current legal environment within which estate agents generally operate including a forecast of potential changes and/or threats and/or opportunities within this legal environment.||Both principal and non-principal estate agents||E-learning only|
|3||Technical Knowledge||Real estate finance||Monetary systems; primary and secondary money markets; the processes and procedures of sourcing mortgage finance; the National Credit Act and its impact on real estate finance; alternative financial instruments; the affordable and social housing markets.||Both principal and non-principal estate agents||Contact and e-learning|
|4||Professional Skills||Optimising workforce productivity||Collective creativity; executive function; learning; value tagging; sensory integration; and goal directedness||Both Principal and non-principal estate agents||E-learning only|
|5||Technical Knowledge||Real estate mathematics||Basic arithmetical skills and logic including the calculation of percentages and understanding interest rates; effectively utilising a financial calculator;
the amortisation of loans; the time value of money and its effect on real estate; depreciation; pro-rating; the estimation of closing statements; the calculation of areas and measuring distances; and understanding and interpreting maps, diagrams and figures.
|Both principal and non-principal estate agents||E-learning only|
|6||Technical Knowledge||Commercial property management||A definition of commercial/industrial property; the financing of commercial properties and long-term leases; estimating cash flows in respect of commercial properties; business management techniques for commercial property; an introduction to the valuation of commercial property; understanding facility management concepts including churn rate; building maintenance, tenant relations and maintenance of value; understanding zoning and building regulations; commercial property marketing and sales.||Both principal and non-principal estate agents||Contact and e-learning|
|7||Professional Skills||Residential property management||An overview of the purchase, sale and letting of residential property; law of contract in relation to the purchase, sale and letting of residential property; legislation dealing generally with the purchase, sale and letting of residential property; understanding the essence of building supervision and maintenance; an introduction to affordable and social housing; successful negotiation skills and understanding the dynamic of landlord-tenant relations; and proper reporting to lessors within established time-lines.||Both principal and non-principal estate agents||E-learning only|
|8||Tax||Property tax update||An overview of the importance of becoming acquainted with and understanding the implications of the annual budget speech by the Minister of Finance; an analysis of the last available budget speech and budget predictions for the following year; an analysis of legislative and administrative changes impacting property taxes and their impact on the estate agency sector; understanding the difference between transfer duty and VAT and knowing when each is payable; and becoming acquainted with the various municipal charges and imposts including the obtaining of a clearance certificate for transfer purposes.||Both principal and non-principal estate agents||Contact and e-learning|
|9||Professional Skills||Governance and fraud prevention||Identifying and discussing major corporate governance issues affecting, especially, the estate agency sector; assessing the impact, both positive and negative, of implementing or failing to implement effective corporate governance on business sustainability; identifying potential fraud risks and implementing appropriate fraud prevention strategies; a brief overview of the relevant provisions of the various King Reports where corporate governance and fraud prevention is concerned; and the consideration of relevant case studies dealing with corporate governance and fraud prevention and lessons to be learned therefrom.||Principal estate agents only||Contact and e-learning|
|10||Technical Knowledge||Principles of business management||A general overview of the principles of business management; the various approaches to management; consideration of the economic, technological, social, politico-legal and ethical environments of business management; planning, decision-making, organising leading and controlling within an estate agency enterprise; the delegation of authority and span of control; committee and group decision-making; effectively staffing an estate agency enterprise; the ethics of successful business management.||Principal estate agents only||Contact and e-learning|
|11||Technical Knowledge||The Sectional Titles environment||An overview of the present sectional title regime; consideration of the Deeds Registries Act especially where it impacts on sectional title schemes; and the implementation of the Community Schemes Ombud Services Act and its implications for estate agents and sectional title owners.||Both principal and non-principal estate agents||E-learning only|
|12||Professional Skills||Financial management||An overview of accounting principles, budgeting and maintaining financial data; accuracy and confidentiality of financial records; computerised financial systems;
the format and content of financial records/statements; source documents and the flow of data; the drafting and interpretation of financial statements; and generating month-end reports and required month end procedures such as reconciliations, accruals, adjustments, generating an income statement, computing profit and loss, balance sheet preparation, etc.
|Principal estate agents only||Contact and e-learning|
|13||Professional Skills||The structuring of real estate finance for the development of townships as well as the acquisition or leasing of commercial/industrial properties||An overview of the principles of commercial real estate finance; an introduction to financing and property values; relevant legislation on finance and township development with appropriate case studies; the secondary mortgage market; loan origination, processing and closing; sources of funds for commercial real estate including debt and equity financing; construction loans; and ownership structures for the financing and managing of real estate.||Principal estate agents only||E-learning only|
|14||Economic||The South African economy in a globalised world and its impact on the real estate sector||An overview of the South African economy; an investigation into globalisation and the interdependency of world economies; the position of real estate generally in the South African and world economies; and the impact of both the South African and world economies on the South African property sector in general and the estate agency environment in particular.||Both principal and non-principal estate agents||Contact and e-learning|
|15||Technical Knowledge||The real estate environment||An examination of both property rights as well as property law and legislation; an investigation into the real estate market and its drivers; the role of the government in the real estate environment; an overview of real estate economics and its impact on the real estate market; the real estate development process; and a brief look at property valuation and the factors affecting the value of real estate.||Both principal and non-principal estate agents||Contact and e-learning|
|16||Professional skills||Understanding the content of the intern logbook, how to maintain the logbook and implement necessary mentoring skills||Unpacking and demystifying the intern logbook as a record of learning and achievement, for both the intern estate agent and the principal or mentor as well as examining:
|Principal estate agents only||Contact and e-learning|