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:
Account Name: Estate Agency Affairs Board
Bank Name: ABSA
Account Number: 4052033310
Branch code: 632005
Payment reference: Applicant’s allocated 7 digit reference number. Those unsure of this number must contact our Contact Centre prior to making the payment, 087 285 3222.
If the applicant, however, is not a registered estate agent such amount must be paid into the following bank account, namely:
Account name: Estate Agency Affairs Board
Bank Name: ABSA
Account Number: 4052033310
Branch code: 632005
Payment reference: Applicant’s ID number
Upon receipt of the requirements more fully referred to in Practice Note ETD03/2013 as indicated, including proof of the payment of the assessment fee, the equivalency exemption application will immediately receive the further consideration of the EAAB. No refunds for submission of applications that do not meet the requirement.
This is because the EAAB will have appointed an Assessor to assess such applications at a fee. Therefore it is important to ensure that applications that meet requirements are submitted. A self-assessment against policy requirements is therefore crucial prior to submission in order to avoid forfeiture of paid fees.
Issued by: The Education and Training Department
ESTATE AGENCY AFFAIRS BOARD
APRIL 2018
