Comebacks at last Possible!
Regulating the Position of Previously Registered Estate Agents who wish to return to the Sector – Practice Note: ETD02-2019 of 26 June 2019
The EAAB has issued regulations for persons who were previously registered as estate agents by the EAAB, and who were issued with valid Fidelity Fund Certificates accordingly, but who subsequently left the sector and now wish to re-enter, despite the fact that such persons may not have complied with the educational requirements prescribed by the Standard of Training of Estate Agents Regulations, 2008.
The practice note can be accessed on Rebosa’s website: https://www.rebosa.co.za/regulating-the-position-of-previously-registered-estate-agents-who-wish-to-return-to-the-sector-practice-note-etd02-2019-of-26-june-2019/
You have no excuse left to employ and train and SARS will pay you back
Skills Development – SARS Additional Deduction for Learnership Agreements
Section 12H of the Income Tax Act provides certain tax incentives to companies, encouraging them to train employees in a regulated environment enabling skills development and job creation.
Section 12H provides additional deductions to employers for qualifying learnership agreements. Training contracts qualifying for these deductions are learnership agreements and apprenticeships registered with a SETA.
Please see below the SARS document outlining all deductions that companies can apply for.
For further information please access the link below for an article written by Adrian Frewen, associate with the Phatshoane Henney Group of attorneys which unpacks Skills Development, which is the fourth element contained in the Property Sector Code scorecard used to determine the B-BBEE compliance of estate agencies.
News for Durban on boards
Durban Estate Agents – eThekwini Municipality New By-Law for Property Advertising Boards
Please find below, the Outdoor Advertising By-law (Chapter 6) which came into effect on 4 July 2019, with respect to property advertising boards and which affects all agents who sell property which falls within the eThekwini municipality i.e. Durban.
Effective immediately, agents are now required to apply for a permit number which will be issued annually and which is to be displayed on all For Sale, For Rent, Sold and Show Day advertising boards. The old red permit sticker will no longer apply. The number can be handwritten onto the board with a permanent marker or affixed with a sticker.
Rebosa went to great lengths to challenge this by-law but unfortunately our proposals were not taken into account.
Transformation is lacking
2017/2018 State of Transformation Report for the South African Property Sector
The Property Sector Charter Council (“PSCC”) at its recent annual seminar, released the 2019 State of Transformation of the Property Sector report.
The 2019 report is based on two pieces of legislation: the 2012 Property Sector Code, and the 2017 Amended Property Sector Code. The report reveals that the property sector is at level five in terms of its transformation BBBEE recognition level – dropping from level four in the 2018 report.
The full report can be accessed on Rebosa’s website https://www.rebosa.co.za/2017-i-2018-state-of-transformation-report-for-the-south-african-property-sector/
22 August 2019 Professional Designation Examination (“PDE”)
This serves to advise all estate agents who wish to undertake the upcoming Professional Designation Examination (PDE) scheduled to take place on 22 August 2019, that enrolment for such is now open. Enrolment is done strictly via the MyEAAB portal available on the EAAB website www.eaab.org.za and one must be in possession of their 7 digit personal identification number or reference number to be able to enrol. The Estate Agency Affairs Board (EAAB) Call Centre, 087 285 3222, may be requested to confirm such reference numbers.
Jan le Roux
REBOSA | (NPC) Company Registration 2011/12976/08
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