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MEDIA STATEMENT                                                                  
30 September  2020

DEPARTMENT GRANTS AN EXTENSION FOR THE INDUSTRY AND PUBLIC TO SUBMIT COMMENTS ON NOTICE 139 OF 2020 - PROPERTY PRACTITIONERS REGULATIONS

The Department of Human Settlements Director-General Mbulelo Tshangana has granted the public an extension to make comments on the Property Practitioners Regulations, notice 139 of 2020.

The Department published the draft regulations under section 70 of the Property Practitioners Act, 2019, on 06 March 2020 for the public to submit comments within 60 days.

The Department further published the schedule of events for the holding of information sessions in all nine provinces during the public comments process and most of these were subsequently canceled due to the Covid-19 pandemic.

It is therefore within this context that the Department wishes to inform the public and the industry that new dates for the information sessions will now be in October and November 2020 respectively as per the attached schedule and the closing date for submission of written comments will now be the 20 November 2020. All sessions will be conducted within the strict Covid-19 regulations under level 1.  

ISSUED BY THE DEPARTMENT OF HUMAN SETTLEMENTS

For more information, please contact Ms Gwen Shole at 082 859 0509

UPDATING OF ESTATE AGENTS CONTACT DETAILS

To all stakeholders

The EAAB is in the process of updating its contact database.  If your contact details have changed in the past 3 years, please  urgently send your updated contact details to:

France.Manthso@eaab.org.za or
Karen.Son@eaab.org.za or
Vukani.Mbatha@eaab.org.za

Please provide your full names as they appear on your ID document, ID number, Email address, Tel contact numbers.

The EAAB appreciates your co-operation in this regard.


Issued by: ESTATE AGENCY AFFAIRS BOARD
Date of Issue: 29 September 2020

07 August 2020

EAAB OFFICES RE-OPENED ON 11 AUGUST 2020

Recently after a number of employees testing positive for Covid-19 the EAAB was compelled to close its offices once again.  However, it is most pleased to advise stakeholders that the offices in Sandton have once again reopened on 11 August 2020.

It is to be noted however, that the EAAB can only allow 30% of its worksforce to return to the offices in Sandton, Johannesburg which will continue until further notice on a rotational basis. To assure stakeholders of continued service delivery, the regulator has also made the necessary provisions for employees to continue to work remotely in order to offer all services when they are not in the office. 

Stakeholders are therefore encouraged to continue using electronic means wherever possible and to contact the EAAB on the following email addresses.

  • All Fidelity Fund Certificates queries: ffc.complaints@eaab.org.za
  • Continuing Professional Development (CPD): nomlindi.gxasheka@eaab.org.za
  • All Disciplinary Hearings and formal inquiries: deli.nkambule@eaab.org.za
  • Customer Services/ All Queries: thokozani.khumalo@eaab.org.za
  • Registrations FFC related: LeboM@eaab.org.za
  • Previously Disadvantage Individuals (PDI) resolution: pdiapplications@eaab.org.za
  • Enterprise Development Programme (Incubation Programme): invitesmme@eaab.org.za
  • One Learner One Estate Agent (Intern Programme): mandisa.shirries@eaab.org.za

Ms. Mohlala CEO of the EAAB encourages all employees to practice good hygiene habits, including the importance of washing hands properly and practise social distancing wherever possible. 

For further Covid-19 related enquires contact: Covid-19 Compliance Officer Mr. Oscar Mangole at oscar.mangole@eaab.org.za


Media Release
17 July 2020

APPLICATION DATE BROUGHT FORWARD FOR TRANSFORMATION BOOSTING INITIATIVE

JOHANNESBURG – The Estate Agency Affairs Board (EAAB) has brought forward the application date for a progressive initiative that will boost transformation of the real estate industry.

The date for interested black estate agents to apply to benefit from the Previously Disadvantaged Individual resolution has been moved forward by more than a month from 31 August 2020 to 27 July 2020.

The PDI resolution was initially scheduled to commence on 1 April 2020, but had to be extended, first to 1 June then 31 August 2020, due to the national lockdown.  EAAB CEO Mamodupi Mohlala said the process was being expedited due to the call for help from the industry who cited the devastating economic consequences of the Covid-19 lockdown which started more than three months ago.

“We are mindful of the continued struggles of black estate agents and have decided to fast-track the PDI process. The financial effects of the lockdown have had far reaching consequences for everyone and as the regulator we are confident that will go a long way in assisting historically disadvantaged individuals,” said Mohlala.

More than 1000 previously disadvantaged agents blocked due to non-payment of mandatory fees will benefit from a first-of-its kind PDI resolution approved by the board.  In essence, the PDI resolution exempts black people who can prove that they are previously disadvantaged, from all regulatory fee requirements, including for Fidelity Fund Certificates (FFCs), financial audits and mandatory fees for education and training.

The resolution intends to make it easier for persons from previously disadvantaged backgrounds with a turnover of less than R5-million a year to enter the predominantly white industry. All those from disadvantaged backgrounds who wish to enter the profession are encouraged to apply and submit all the relevant documentation once the process commences. It is envisaged that applications will be informed of an outcome 14 days after receipt of a compliant application. Additional administrators have been appointed to assist with the PDI project.

A dedicated panel made up of Adv Debra Vial (S27 and Claims manager), Mfundo Daki (education  and training executive) and  France Mantsho (chief risk officer) will adjudicate the application process in terms of Section 27 of the Estate Agency Affairs Act. The panel will make recommendations to the CEO who will then present it to the board for approval.

Applications can be emailed to pdiapplications@eaab.org.za

CLICK HERE FOR APPLICATION FOR EXEMPTION FROM THE PROVISIONS OF ACT 112 OF 1976

CLICK HERE FOR FINANCIAL REPORT ESTATE AGENCY FIRMS

CLICK HERE FOR INDIVIDUAL ESTATE AGENTS



Media Release

29 June 2020

EAAB WAIVERS PENALTIES FOR LATE AUDIT SUBMISSIONS

JOHANNESBURG – The Estate Agency Affairs Board will not penalise estate agents who submit late audit records for the 2019/2020 financial year.

Audit reports are due annually by June 30, but the board is cognisant that due to the Covid-19 pandemic and the national lockdown several agents have not been able to complete this process.

According to section 29(1)(b), 32(3)(b) and 32(4) of the Estate Agency Affairs Act, the audit of the business accounting records and the trust accounting records shall be performed and finalised and the auditor’s report on the trust accounting records submitted to the EAAB within a period of  four months after the financial year end of the estate agent.

As a result of the far reaching consequences of the lockdown on the industry, the board has agreed not to impose penalties for late submissions.

EAAB CEO Ms. Mamodupi Mohlala said she was mindful of the challenges the industry was facing due to the lockdown and wanted to assure stakeholders that the regulator was working around the clock to find lasting solutions.

In May the EAAB made detailed submissions to the Department of Human Settlements on a raft of possible Covid-19 relief measures which included the issues of extension of deadlines for audit reports and the deferment of Continuing Professional Development (CPD) fees.

The EAAB is awaiting a response from the department on these and other issues and will communicate the outcome as soon as it is received.

The board would like to acknowledge and thank all those who submitted their audit reports under the trying conditions.

Issued on behalf of EAAB CEO Ms. Mamodupi Mohlala

 

A CLARIFYING NOTICE ON THE METHOD OF UNDERTAKING THE ONLINE PDE EXAMINATION SCHEDULED FOR 19 NOVEMBER 2020
October 27, 2020
The EAAB has received enquiries regarding the confusion caused through the publishing of Examination venues on the EAAB website and whether the examination scheduled for the 19 November 2020 will take place in those venues or through the new On-line Exam platform as previously communicated.

THE ENROLMENT TO WRITE THE ONLINE BASED PROFESSIONAL DESIGNATION EXAMINATION ON 19 NOVEMBER 2020
October 1, 2020
This serves to advise all estate agents who wish to undertake the upcoming Professional Designation Examination (PDE) scheduled to take place on 19 November 2020 that enrolment for such is now open.  Enrolment is done strictly via the MyEAAB portal available on the EAAB website www.eaab.org.za and an examination candidate must be in...

WAIVER OF CONTINUING PROFESSIONAL DEVELOPMENT (CPD) FEES
September 29, 2020
Faced with a grim financial outlook following the declaration of the National Lockdown, the Estate Agency Affairs Board (EAAB) was approached by the property sector seeking exemption from paying a myriad of fees, including fees in relation to the mandatory Continuing Professional Development (CPD).  The EAAB then brought this request to the...

UPDATED EQUIVALENCY EXEMPTION MATRICES FOR NQF LEVEL 4 & 5
September 9, 2020
On 20 August 2020 the Estate Agency Affairs Board advised of the EAAB BOARD’S DECISION TO AMEND THE EQUIVALENCY EXEMPTION MATRICES FOR NQF LEVELS 4 & 5 which was placed on the EAAB’s website and sent via a bulk email process.

LATEST UPDATE (15 Sept 2020) ESTATE AGENCIES 2020 AUDIT REPORTS SUBMISSIONS DEADLINE
September 4, 2020
The Estate Agency Affairs Board (EAAB) communicated on 29 June 2020 the waiver of penalties for late audit report submissions in view of the Covid-19 pandemic and the national lockdown

EAAB BOARD’S DECISION TO AMEND THE EQUIVALENCY EXEMPTION MATRICES
August 24, 2020
In the fulfilment of its role to regulate and control the activities of estate agents in the public interest, the Board of the Estate Agency Affairs Board (“the EAAB”) has taken a resolution to amend and effect changes on the existing equivalency exemption matrix.

APPLICATION DATE BROUGHT FORWARD FOR TRANSFORMATION BOOSTING INITIATIVE
July 17, 2020
JOHANNESBURG – The Estate Agency Affairs Board (EAAB) has brought forward the application date for a progressive initiative that will boost transformation of the real estate industry.

CORONAVIRUS: EAAB EVACUATES STAFF AS PRECAUTIONARY MEASURE
July 4, 2020
JOHANNESBURG - The Estate Agency Affairs Board (EAAB), on Friday 3 July 2020 evacuated its staff members from its Sandton, Johannesburg offices after receiving information that an employee of one of its host tenants came into contact with a COVID-19 positive case.  The EAAB was notified of the matter around lunchtime and immediately advised...

EAAB Bulletin 02 July 2020 - EAAB Staff ready to assist clients as Johannesburg office reopens
July 2, 2020
Estate agents can now make use of all services offered by the Estate Agency Affairs Board after it opened its Sandton, Johannesburg offices yesterday.  After months of closure due to COVID-19 lockdown regulations, the EAAB welcomed its first clients who needed assistance with a range of issues including new firm registrations, change of...

Latest Update 29 June 2020 - EAAB WAIVERS PENALTIES FOR LATE AUDIT SUBMISSIONS
June 29, 2020
JOHANNESBURG – The Estate Agency Affairs Board will not penalise estate agents who submit late audit records for the 2019/2020 financial year.

RESULTS ARE NOW AVAILABLE FOR ALL EXAM CANDIDATES WHO WROTE THE EXAM ON 05 MARCH 2020
June 19, 2020
This serves to advise all estate agents who wrote the Professional Designation Examination (PDE) in March 2020 that PDE results are now available on the MyEAAB portal.  Certificates for those who have passed are being printed and will be sent within 60 days after the date of the release of the exam results. 

ESTATE AGENTS PROVIDED WITH GUIDELINES ON HOW TO CONDUCT BUSINESS DURING COVID-19
June 14, 2020
JOHANNESBURG – Estate agents are encouraged to conduct virtual property tours and record offers to purchase electronically as part of the real estate industry returned to work under alert level 3 of COVID-19 regulations.

DEPARTMENT GRANTS AN EXTENSION FOR THE INDUSTRY AND PUBLIC TO SUBMIT COMMENTS ON NOTICE 139 OF 2020 - PROPERTY PRACTITIONERS REGULATIONS
May 7, 2020
The Department of Human Settlements Acting Director-General Neville Chainee has granted the public an extension to make comments on the Property Practitioners Regulations, notice 139 of 2020.

IMPORTANT UPDATE: PDI resolution application extension (to be read inconjunction with PDI's given a boost in real estate)
April 2, 2020
The EAAB earlier this month announced an exciting initiative that will assist estate agents from disadvantaged backgrounds gain entry into the profession.

EAAB encourages stakeholders to participate in public information sessions on draft regulations
March 4, 2020
JOHANNESBURG – The Estate Agency Affairs Board has in in the past few months engaged with a number of new and current stakeholders to prepare the industry for the impending legislative changes in respect to the newly enacted Property Practitioners Act No. 22 of 2019.

CONTINUING PROFESSIONAL DEVELOPMENT (CPD) DISQUALIFICATION
March 2, 2020
The Estate Agency Affairs Board would like to advise all estate agents who have been disqualified under section 27 of the EAA Act due to Continuing Professional Development (CPD) non-compliance, to log a query via the following procedure should they have any questions.

NEW PPA TO BOOST TRANSFORMATION, CONSUMER PROTECTION - EAAB ASSURES INDUSTRY
February 12, 2020
JOHANNESBURG – The new Property Practitioners Act that comes into effect later this year will have significant bearing on transformation, consumer protection and regulation in property and related industries, according to Estate Agency Affairs Board (EAAB) chief executive Mamodupi Mohlala.

EAAB kicks off series of engagements - Property Practitioners Act No, 22 of 2019
February 5, 2020
EAAB kicks off series of engagements with stakeholders as new era under the Property Practitioners Act dawns!

FAQ about the impact of lockdown on real estate industries
November 30, -0001
The unprecedented 21-day national lockdown kicks in at midnight Thursday 26 March 2020. President Cyril Ramaphosa announced the bold effort to stave off the rampant Coronavirus that has gripped the world. The lockdown will have dire consequences for the economy and the manner in which business is conducted in the property and real estate...



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