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.
It is to be stressed, however, that the Integrated Real Estate Dialogue sessions, do not form part of the e-learning programme. CPD points for these sessions, thus, can only be obtained through attendance by participants at contact Integrated Real Estate Dialogue events.
| Topic | Topic content |
| Business ethics and the Code of Conduct for Estate Agents
(for both principals and non-principals) |
An investigation into the moral rights and wrongs of decision-making by organisations, leading to an examination of selected provisions of the Code of Conduct for Estate Agents. |
| Conveyancing procedures
(for both principals and non-principals)
|
An overview enabling practicing estate agents to understand and appreciate the essential requirements and procedures involved in the registration of transfer of ownership of immovable property and the important role played by conveyancers in this process. |
| Determining the value of immovable property
(for principals only) |
Understanding why land is intrinsically valuable and beneficial to its possessors by taking account of all relevant environmental and systemic factors. |
| Financial management
(for principals only) |
An evaluation of the need for estate agency enterprises to maintain both accurate financial record keeping systems as well as good internal financial controls – with specific emphasis on an understanding of the income and expenditure statement, the balance sheet and the cash flow statement. |
| Information management
(for principals only)
|
Understanding the importance of implementing effective information management systems and why information management not only increasingly constitutes the core of many successful estate agency enterprises but also contributes to more efficient and rational decision-making within organisations. |
| Legal update
(for both principals and non-principals)
|
A consideration of the ever-changing legal environment within which estate agents operate as well as some of the more important developments within this environment which impinge on estate agency practice. |
| Property management
(for principals only)
|
An overview of the principles underlying property management including, more specifically, an examination of the pre-tenancy module, the tenancy module, the post-tenancy module, rent management and maintenance management. |
| Property Sector Transformation Charter
(for principals only)
|
An examination of the salient points encapsulated in the amended Property Sector Transformation Charter and the compliance obligations of the real estate and property sectors in this respect. |
| Real estate valuations
(for principals only) |
Gaining a better understanding of the four standard methods of property valuation, namely, the comparable sales method, the income capitalisation method including the accounts/profit method, the depreciated replacement cost method and the residual method. |
| Real estate economics
(for both principals and non-principals) |
An examination of primary and secondary money markets, financial instruments and the finances of real estate as they impact on the estate agency sector. |
| Real estate marketing
(for both principals and non-principals) |
Identifying the characteristics of the property market and the various ways in which the wants and needs of property consumers can be addressed and satisfied. |
| Real estate mathematics
(for both principals and non-principals) |
Concepts to be examined include the amortisation of loans, the time value of money, depreciation, prorating and the estimation of closing statements. |
| Tenant relationship and the law (for both principals and non-principals)
|
An examination of the landlord/tenant environment having special regard to the recently introduced Rental Housing Amendment Act of 2014 as well as other relevant changes impacting the sector. |
| The South African economy in a globalised world
(for both principals and non-principals)
|
Participants will be introduced to the concept of interest rates and their impact on property prices, the determinants that make society prosper and the prospects for the South African economy in a globalised world through an understanding of the long- and short-term challenges. |
Not all CPD topics will be presented at each CPD contact venue countrywide
Due to various inherent constraints entirely beyond the control of the EAAB, it has, unfortunately, not been possible to include all the CPD topics at each CPD venue countrywide. Excluding only the Integrated Real Estate Dialogues all the identified CPD topics will be available for CPD e-learning purposes as from 15 March 2018. A concerted endeavour has, however, been made to include sufficient contact CPD events at each centre to enable participants choosing to attend contact sessions to obtain the required fifteen verifiable CPD points for 2018.
Resort to e-learning should a particular CPD topic not be presented at a contact centre of choice
Should a particular CPD topic of interest not be presented at a participant’s contact centre of choice, or other accessible contact centre, the only recourse will be for the participant in question to utilise the e-learning programme for that specific topic.
The continued professionalisation of the estate agency sector
The EAAB trusts that CPD participants will benefit from their active participation in the 2018 CPD programme, find the topics to be both of interest and meaningful to their professional careers as estate agents and, commensurately, increase their levels of professionalism and expertise within the real estate sector.
Issued by: The Estate Agency Affairs Board
Date: 8 March 2018
