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- THE ESTATE AGENCY AFFAIRS BOARD (EAAB) CONTINUES TO COOPERATE CLOSELY WITH THE FINANCIAL INTELLIGENCE CENTRE (FIC) IN THE QUEST TO ELIMINATE MONEY LAUNDERING
- 07 December 2011 ESTATE AGENCY AFFAIRS BOARD INSTITUTES ACTION AGAINST GAVIN WRIGHT PROPERTY TEAM CC AND MR. GAVIN ELISON WRIGHT IN CAPE TOWN
- 12 October 2011 ESTATE AGENCY AFFAIRS BOARD AMNESTY PROGRAMME ENDS 15 OCTOBER 2011
- 17 October 2011 ESTATE AGENCY AFFAIRS BOARD INSTITUTES ACTION AGAINST GAVIN WRIGHT PROPERTY TEAM CC AND MR GAVIN ELISON WRIGHT IN CAPE TOWN
- 10 October 2011 CONSUMER PROTECTION ACT (CPA) – SECTION 14 ESTATE AGENCY AFFAIRS BOARD WORKSHOP
FIDELITY FUND CERTIFICATES UNCLAIMED
The Estate Agency Affairs Board (EAAB) has compiled an updated list of Fidelity Fund Certificates that have been returned as unclaimed by estate agents from the various Post Office outlets. In this regard, the EAAB has made every effort to ensure that agents are aware of such unclaimed FFCs . If your company name appears on this list, we request that you urgently contact the EAAB to make arrangements to either re-post or to collect your FFC.
The EAAB Contact Details for this purpose: Emily.thebehae@eaab.org.za, Lisbeth.phalane@eaab.org.za or Hazel.nkosi@eaab.org.za
Please indicate the following in your e-mail:
Please Note:
In terms of postage of FFC's, they will only be sent to the registered company postal address, therefore it is very important that Principals ensure that their firm's postal addresses are verified with the EAAB, as the Board will not be held responsible for any FFC not received by the agent. ... click for more
The Estate Agency Affairs Board (EAAB) has compiled an updated list of Fidelity Fund Certificates that have been returned as unclaimed by estate agents from the various Post Office outlets. In this regard, the EAAB has made every effort to ensure that agents are aware of such unclaimed FFCs . If your company name appears on this list, we request that you urgently contact the EAAB to make arrangements to either re-post or to collect your FFC.
The EAAB Contact Details for this purpose: Emily.thebehae@eaab.org.za, Lisbeth.phalane@eaab.org.za or Hazel.nkosi@eaab.org.za
Please indicate the following in your e-mail:
- Your name
- Firm name
- Your seven digits reference number or ID number
- Fidelity Fund Certificate numbers (as identified on list)
Please Note:
In terms of postage of FFC's, they will only be sent to the registered company postal address, therefore it is very important that Principals ensure that their firm's postal addresses are verified with the EAAB, as the Board will not be held responsible for any FFC not received by the agent. ... click for more
TIPS FOR ESTATE AGENTS UNDERTAKING THE PROFESSIONAL DESIGNATION EXAMINATION (PDE)
CHEQUE PAYMENTS
All Estate Agency Affairs Board (EAAB) staff, estate agents and stakeholders and new applicants are hereby informed that, with effect from 1 December 2011, the EAAB will no longer be accepting any payments made by cheque.
Any one of the following alternative payment options may be utilised:
Failure to comply with the above procedures may result in a delay in the processing and allocation of payments.
All queries in this regard should be e-mailed to Mr. Aubrey Mokwena at Aubrey.mokwena@eaab.org.za.
All Estate Agency Affairs Board (EAAB) staff, estate agents and stakeholders and new applicants are hereby informed that, with effect from 1 December 2011, the EAAB will no longer be accepting any payments made by cheque.
Any one of the following alternative payment options may be utilised:
- cash payments made directly at the cashier's desk;
- POS payments using debit- or credit cards made at the cashier's desk;
- EFT payments made directly into the relevant EAAB bank account;
- direct deposits made into the relevant EAAB bank account.
Failure to comply with the above procedures may result in a delay in the processing and allocation of payments.
All queries in this regard should be e-mailed to Mr. Aubrey Mokwena at Aubrey.mokwena@eaab.org.za.
URGENT NOTIFICATION
ESTATE AGENCY AFFAIRS BOARD TELEPHONE LINES
The Estate Agency Affairs Board is currently experiencing problems with our Telkom lines. This has been duly reported to Telkom to investigate and resolve the problem.
We apologise for the inconvenience caused by this in trying to communicate with our office.
In the interim period could you please address all communications to Thandi.nkosi@eaab.org.za our Call Centre Manager who will reroute them to the relevant EAAB staff.
On behalf of the Management
ESTATE AGENCY AFFAIRS BOARD TELEPHONE LINES
The Estate Agency Affairs Board is currently experiencing problems with our Telkom lines. This has been duly reported to Telkom to investigate and resolve the problem.
We apologise for the inconvenience caused by this in trying to communicate with our office.
In the interim period could you please address all communications to Thandi.nkosi@eaab.org.za our Call Centre Manager who will reroute them to the relevant EAAB staff.
On behalf of the Management
NOTIFICATION
COMPLIANCE PRACTICE NOTES
As Practice Notes constitute an invaluable mechanism for the implementation for the Estate Agency Affairs Act and regulations promulgate thereunder, Stakeholders are advised that it is in their best interests that they are aware of the contents of such Practice notes. It is suggested that the Practice notes be regularly consulted to enable estate agents to stay abreast of regulatory developments.
Click for more information
COMPLIANCE PRACTICE NOTES
As Practice Notes constitute an invaluable mechanism for the implementation for the Estate Agency Affairs Act and regulations promulgate thereunder, Stakeholders are advised that it is in their best interests that they are aware of the contents of such Practice notes. It is suggested that the Practice notes be regularly consulted to enable estate agents to stay abreast of regulatory developments.
Click for more information
NOTIFICATION
REVISED AUDITOR'S REPORT FORM
The Estate Agency Affairs Board (the EAAB) approved a revised auditor's report on estate agents trust accounts on 11 August 2011 that is required to be submitted to the Board annually by all estate agents, within four months of an estate agents financial year end, in order to be granted their licence to practice. The revised auditor's report has been prepared in consultation with the Committee for Auditing Standards of the Independent Regulatory Board for Auditors (the IRBA) and replaces the existing auditor's report on estate agents trust accounts.
The revised auditors report is effective from 01 September 2011 when reporting on estate agents trust accounts for the 2011 financial period end.
Click for more information
REVISED AUDITOR'S REPORT FORM
The Estate Agency Affairs Board (the EAAB) approved a revised auditor's report on estate agents trust accounts on 11 August 2011 that is required to be submitted to the Board annually by all estate agents, within four months of an estate agents financial year end, in order to be granted their licence to practice. The revised auditor's report has been prepared in consultation with the Committee for Auditing Standards of the Independent Regulatory Board for Auditors (the IRBA) and replaces the existing auditor's report on estate agents trust accounts.
The revised auditors report is effective from 01 September 2011 when reporting on estate agents trust accounts for the 2011 financial period end.
Click for more information
PROFESSIONAL DESIGNATION EXAMINATION DATES FOR 2012/2013
Estate agents, whether principals or non-principals, who held a valid fidelity fund certificate as at 15 July 2008 are reminded that they must successfully complete the Professional Designation Examination by no later than 31 December 2013 to be accorded professional status. Estate agents, generally, are granted a period of two years, calculated as from the date of certification against the respective real estate qualifications for principal and non-principal estate agents, within which to pass the PDE. All estate agents who still have to undertake the PDE are, therefore, encouraged to enroll for that examination as soon as possible.
The EAAB regrets to advise principal estate agents that it has, unfortunately, exhausted the current stock of the Study Guide for the Professional Practitioner in Real Estate: NQF Level 5, the prescribed study material for the PDE for principals. While additional stocks of the study material have already been ordered there is presently no certainty as to when they will be received and if, indeed, they will arrive in time to enable principal estate agents adequately to prepare for the PDE scheduled to take place on 14 June 2012. The study material, which comprises some 1 600 pages, is nevertheless still available in a CD format for principal estate agents wishing to enroll for the PDE on 14 June 2012. Principal estate agents may order the CD from the EAAB which will then be posted to them by registered post.
Estate agents, whether principals or non-principals, who have received an exemption from the PDE in accordance with the provisions of the Education Regulations but who have not yet been certificated against the relevant real estate qualifications are also reminded that such certifications must be attained by 31 December 2013 failing which the EAAB will not be able to issue fidelity fund certificates to the estate agents concerned for the 2014 calendar year.
Please click here to download the Study Guide Order Form and the Professional Designation Examination Application Form.
Estate agents, whether principals or non-principals, who held a valid fidelity fund certificate as at 15 July 2008 are reminded that they must successfully complete the Professional Designation Examination by no later than 31 December 2013 to be accorded professional status. Estate agents, generally, are granted a period of two years, calculated as from the date of certification against the respective real estate qualifications for principal and non-principal estate agents, within which to pass the PDE. All estate agents who still have to undertake the PDE are, therefore, encouraged to enroll for that examination as soon as possible.
The EAAB regrets to advise principal estate agents that it has, unfortunately, exhausted the current stock of the Study Guide for the Professional Practitioner in Real Estate: NQF Level 5, the prescribed study material for the PDE for principals. While additional stocks of the study material have already been ordered there is presently no certainty as to when they will be received and if, indeed, they will arrive in time to enable principal estate agents adequately to prepare for the PDE scheduled to take place on 14 June 2012. The study material, which comprises some 1 600 pages, is nevertheless still available in a CD format for principal estate agents wishing to enroll for the PDE on 14 June 2012. Principal estate agents may order the CD from the EAAB which will then be posted to them by registered post.
Estate agents, whether principals or non-principals, who have received an exemption from the PDE in accordance with the provisions of the Education Regulations but who have not yet been certificated against the relevant real estate qualifications are also reminded that such certifications must be attained by 31 December 2013 failing which the EAAB will not be able to issue fidelity fund certificates to the estate agents concerned for the 2014 calendar year.
| 14 JUNE 2012 | PDE 4 & PDE 5 |
| 23 AUGUST 2012 | PDE 4 & PDE 5 |
| 22 NOVEMBER 2012 | PDE 4 & PDE 5 |
| 7 MARCH 2013 | PDE 4 & PDE 5 |
Please click here to download the Study Guide Order Form and the Professional Designation Examination Application Form.
CONTACT DETAIL VERIFICATIONS
For the EAAB to maintain an effective, smooth and spontaneous communication with our stakeholders when sending out information, all registered Estate Agents/Principals are encouraged to call the EAAB to verify that their contact detail information is up to date.
Please ensure when verifying your contact information that Cellphone numbers, e-mails addresses and firm postal addresses have been correctly captured.
To verify your contact details please phone:
Emily.thebehae@eaab.org.za
Lisbeth.phalane@eaab.org.za
Hazel.nkosi@eaab.org.za
For the EAAB to maintain an effective, smooth and spontaneous communication with our stakeholders when sending out information, all registered Estate Agents/Principals are encouraged to call the EAAB to verify that their contact detail information is up to date.
Please ensure when verifying your contact information that Cellphone numbers, e-mails addresses and firm postal addresses have been correctly captured.
To verify your contact details please phone:
011 731 5600 Ext 2307/2107/2299
or Email:Emily.thebehae@eaab.org.za
Lisbeth.phalane@eaab.org.za
Hazel.nkosi@eaab.org.za
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Agent Magazine April 2012 Issue 111
HEADLINES
Professional Designation Examination (PDE) dates for 2012-2013
What is the Financial Inteligence Centre?
REBOSA - Transforming Real Estate
HOUSE PRICE INDEX - March/April 2012