Avoid the negative consequences of non-compliance in 2018
As December 2017 rapidly draws near, full status estate agents (excluding presently registered intern estate agents), are again reminded that they must ensure that they comply with mandatory Continuing Professional Development (CPD) requirements if they wish to continue legally practicing as estate agents.
Please note that all agents who were registered as full status estate agents in 2015, but who either failed to register for CPD in 2015, 2016 and/or 2017 or who have not yet accumulated the requisite verifiable and non-verifiable CPD points for those CPD years, are advised that 2017 is the last year in which they may still register for, and complete, the entire CPD programme for the cycle.
Any agent who has failed to accumulate forty-five verifiable and fifteen non-verifiable CPD points by the end of the 2017 calendar year will not be able to renew their fidelity fund certificates for 2018.
Please read the full notice below.
EAAB IT System Failure Causing Unacceptable Delays
We are aware that the EAABs IT system has been non-functional for several weeks now and causing major delays with FFC renewals. We have requested the EAAB Board of Directors to seriously review the capability of the current system with a view to a complete overhaul of the system.
Please see notice below from EAAB confirming that the system will be functional at end of August.
Expanded Criterion for the Grant of the Statutory Exemption against the Professional Designation Examination Implemented
The EAAB have re-assessed regulation 7(3) of the Standard of Training of Estate Agents Regulations, 2008 for the grant of the statutory exemption against the Professional Designation Examination (“PDE”).
The new criteria will now favour any estate agent who CONTINUOUSLY held a valid fidelity fund certificate for ANY five year period prior to 15 July 2008.
Please see the full notice below.
You are covered … for some things!
The EAAB has recently renewed its policy for professional indemnity cover for all registered estate agents, as defined in Section 1(a) of the Act, through Aon South Africa (Pty) Ltd, insurance brokers and advisors (Policy number: 4000/25992), to provide cover against negligence or delictual claims.
The cover provided is based on an ‘each and every’ claim basis and responds to the legal liability of registered estate agents as a result of alleged or actual negligence which occurred while providing professional estate agency services.
PLEASE BE AWARE that this insurance does NOT cover any “theft” related incidents, including theft of trust funds.
It is important to note that a claim will only be valid if a complaint is lodged by an independent third party. The intention of the indemnity cover, thus, is to protect consumers at large.
Please find the full article on this cover below.
PROFESSIONAL INDEMNITY INSURANCE FOR ESTATE AGENTS 2017
2017-2018 Discretionary Grants: Call for Applications
Services SETA are inviting suitable employers, stakeholders and interested parties to apply for discretionary grant funding.
These grants are intended to meet the sector needs set out in the Sector Skills Plan (SSP), Strategic Plan and the priorities set out in the National Skills Development Strategy (NSDSIII)
.
The application window will open on 21 August 2017 at 8:00 am and will close on 19 September 2017 at 4:00 pm.
To register and access the online application form please visit http://sseta17.grantsportal.org
Please find further information below.
20170817_DG Call For Applications for Real Estate and Related Qualifications_Final
20170820_DG Call For Applications – W1
