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How to become an Industry Member/Estate Agent

Registrations Department
Estate Agency Affairs Act, 1976

To provide for the establishment of an Estate Agency Affairs Board and an Estate Agents Fidelity Fund; for the control of certain activities of estate agents in the public interest; and for incidental matters.

The core function of the Registration department is to ensure the management of the registration processes of all applications pertaining to Fidelity Fund Certificates.  This includes the following:

The registering of: new applications for companies;

• Change in firm ownership;
• Change of trading names;
• New Principal applications
• New Interns
• Full Status applications
• Annual renewals
• Submission of Audit Reports
• Trust Accounts

 

Application for registration consists of three parts, namely:

• Registration as an employee Estate Agent (EA) under a registered Estate Agency, that requires a valid Fidelity Fund Certificate are:
  • Intern estate agent;
  • Full status estate agent;
  • Principal estate agent;
  • Registration for a new company.
• Registration as an attorney – Certificate issued in terms of Section1 of the ACT (but is not a Fidelity Fund Certificate)

For the purposes of section 7, 9(1)(a), 16, 26, 27, 28 and 33, includes any person who is employed by an attorney or a professional company as defined in section 1 of the Attorneys Act, 1979 (Act No. 53 of 1979), otherwise than as an attorney or an articled clerk, and whose duties consist wholly or primarily of the performance of any act referred to in subparagraph (i) or (ii) of paragraph (a) on behalf of such attorney or professional company;

• does not include an attorney who, on his own account or as partner in a firm of attorneys or as member of a professional company, as defined in section 1 of the Attorneys Act, 1979 (Act No. 53 of 1979), or an articled clerk as defined in the said section of that Act, who performs any act referred to in paragraph (a), in the course of and in the name of and from the premises of such attorney's or professional company's practice:

Provided that such an act is not performed:-

i) In partnership with any person other than a partner in the practice of that attorney as defined in section 1 of the Attorneys Act, 1979 (Act No. 53 of 1979); or
ii) Through the medium of or as a director of a company other than such professional company;