REBOSA 2 July 2019 Report
FFC Registration for 2020: Do it now, no upside in waiting
The annual renewal for the 2020 FFC will open on 1 July 2019 until 31 October 2019.
Estate agents are kindly reminded to pay the renewal fees before 31 October 2019 to avoid attracting penalty fees. Any late FFC renewal will accumulate monthly penalties. Please pay using the correct 7 Digit Reference No. that the EAAB has issued to all registered estate agents.
Please find the full notice ffc-renewal-notice
EAAB Fees 2019/2020
Below, kindly find the new 2019/2020 EAAB schedule of fees.
Rebosa is lodging a formal complaint against the calculation of the new fees which are not in terms of the current regulation.
We have also raised an objection that some of the fees have been increased by nearly 10%, more than double the CPI figure of 4,5%. To date no satisfactory answer has been forthcoming.
A further objection is the huge discrepancy in the fees between Principal and Full Status Agents. Many firms are sole operators and individuals who are self-employed and the unjustifiably big gap in fees inhibits start-up’s and in the process hinders transformation.
The EAAB aims to carry out 600 self-assessments per annum but has undertaken to not request same from estate agencies until each and every agency has completed a self-assessment.
Unfortunately a number of agencies have now been requested to complete a self-assessment, despite having already completed one in the recent past.
We have been advised by the Inspections Department that you can submit proof of your previous assessment (i.e. within the last 3 years) together with your firms name and firm pin to request that you be withdrawn from completing the process.
Emails can be sent to Ms Dineo Mphahlele on email address email@example.com
We have been given an undertaking that you will be exempted from re-submitting and will be saved the effort and time of complying with same but you will have to get confirmation of their decision.
Those members who have received notification to complete and submit the self-assessment, which deadline was 27 June 2019, have been sent an email from the EAAB granting them an extension until 5 July 2019.
GIBS-SERVICES SETA Executive Development Programme 2019/20: Call for Nominations
The Gordon Institute of Business Science (GIBS) is partnering with Services SETA to deliver the Executive Development Programme (EDP). This programme aims to develop current and future leaders, and to promote the development of a network of empowered executives that can leverage each other’s experiences for the betterment of their own organisations’ strategic and operational sustainability. Information about the programme aims and how to apply can be found on Rebosa’s website https://www.rebosa.co.za/gibs-services-seta-executive-development-programme-2019-20-call-for-nominations/
REBOSA AGM and Feedback Meetings
REBOSA held its 6th AGM in Cape Town on 4 June 2019.
We are pleased to announce the addition of two new members to the organisations board; Mr Bruce Swain and Mr Paul Campbell.
Bruce Swain currently serves as the Managing Director of the Leapfrog Property Group and Paul Campbell serves as a Director of Natal Property Consultants.
We are grateful for the experience and expertise these new board members will bring to Rebosa and we wish them every success going forward.
Below, please find our Chairman, Mr Richard Gray’s address to the 2019 AGM.
Following the AGM, We were fortunate enough to have Ms Anastasia Haji-Pavlou, a director at STBB unpack the FIC Amendment Act to our members.
A follow up session was held in Johannesburg on 7 June 2019.
For those who could not attend, kindly refer to two articles below i.r.o FIC and PoPI.
REBOSA Membership Fees
As a result of sound financial planning, we are pleased to announce that for the 6th year running, Rebosa will not be increasing its membership fees.
We continue to manage the organisation with low operating costs so that funds can be allocated to our core mandate of protecting real estate business owners’ interests.
Estate Agents and Estate Agencies Firms Suspected of Trading Illegally
Rebosa, in its efforts to protect the best interests of estate agents and ensuring professionalism of the industry, created a mechanism for illegal agents or agencies to be identified and reported on our website (https://www.rebosa.co.za/report-illegal-agents/). We have assured whistle blowers of anonymity but unfortunately if you do not give us your details then we cannot obtain further information or report any progress to you.
Rebosa follows up these reports vigorously, however, in recent months the EAAB has had to close many cases due to lack of supporting documentation or evidence.
When reporting an agent/agency suspected of trading illegally, we urge you to supply us with as much information as possible including screenshots of property being advertised and/or business card of the agent etc. Our method of reporting on our website allows you the facility to upload these documents. Without evidence of trading, the EAAB cannot take the necessary action.
Jan le Roux