Company Profile
Introduction
The Estate Agency Affairs Board (EAAB) is a public entity established to regulate and control certain activities of estate agents having due regard to the public interest and is mandated through the Estate Agency Affairs Act, 112 of 1976:
- To maintain and promote the standards of conduct of estate agents;
- To manage the registration of qualified applications of estate agents
- To issue Fidelity Fund Certificates
- To manage the educational and examination standards of the estate agents
- To regulate the activities of estate agents.
The EAAB is listed as a Public entity in terms of the Public Finance Management Act (PFMA) Act 1 of 1999.This legislation places responsibility on the Board of the organisation, as the accounting authority, to manage the resources in a manner that encourages efficiencies and accountability for the use of public funds. A key responsibility is to present to the Executive Authority with an annual Strategic plan for a rolling three year period.An additional responsibility conferred on the EAAB is to be supervisory body in terms of the Financial Intelligence Act.
The Mandate & Business of the EAAB:
