The Property Practitioners Bill is now a reality. The Bill, which will replace the Estate Agency Affairs Act of 1976, will ensure the continuation of the Estate Agency Affairs Board (EAAB) as the Property Practitioners Regulatory Authority, provide for the continuation of the Estate Agents Fidelity Fund as the Property Practitioners Fidelity Fund and provide for consumer protection and related matters.
Fundamental issues have arisen out of the “Bill” that will have far reaching consequences for the industry. We therefore, encourage you to read our attached commentary, which has been submitted to the department and invite you to a series of roadshows which we will be holding to discuss the Bill in detail.
We look forward to your participation.
Property Practitioners Bill
Rebosa have collated all our members’ comments on the draft Bill and together with a leading firm of attorneys, we have compiled our commentary for submission. Please find attached, the final commentary for your perusal.
The Property Practitioners Bill may well be approved by Parliament soon and will impact the industry for decades to come. Rebosa has gone to great lengths to comment in detail on the bill and we will continue to interact with the EAAB, the Parliamentary Committee on Human Settlements, the Minister and her advisors going forward.
Please also visit our website www.rebosa.co.za where we have a dedicated page of questions and answers on the draft Bill.
We would like to take this opportunity to thank you for your valuable input.
Property Practitioners Bill Roadshow
Rebosa will be embarking on a national roadshow during the month of June to unpack the Bill in detail and answer any further questions you may have.
If there’s only one event you attend this year, it should be this informative, detailed discussion on the bill and it’s impact on the industry and you. Please join us at your nearest venue, free of charge. The event is open to the whole industry and all interested parties. Points for non-verifiable Continuous Professional Development (CPD) will be allocated after the session.
Details of the event will be communicated separately but you can book seats now by emailing email@example.com
|Johannesburg & Pretoria||OR Tambo City Lodge||14 June|
|Port Elizabeth||Garden Court Kings Beach||20 June|
|George||Protea Hotel Marriott King George||21 June|
|Cape Town||River Club Observatory||23 June|
|Durban||Garden Court Marine Parade||27 June|
EAAB 2017/2018 Fees
We have published the latest EAAB fees for your perusal.
We noted that the board found it necessary to increase fees by 10% although CPI equates to +- 6.8%
We have lodged a complaint in this regard and will keep you posted.