The Estate Agency Affairs Board (EAAB) was established in 1976 in terms of the Estate Agency Affairs Act 112 of 1976 (‘the Act”), with the mandate to regulate and control certain activities of estate agents in the public interest.

The EAAB regulates the estate agency profession through ensuring that all persons carrying out the activities of an estate agent as a service to the public are registered with the EAAB. A Fidelity Fund Certificate, which is to be renewed each year is issued as evidence of such registration and confirmation that such person is legally entitled to carry out the activities of an estate agent.

The Estate Agency Affairs Board (EAAB), which has been reporting to the Minister of Trade and industry since 1976, was transferred to the Department of Human Settlements on 17 May 2012 by Proclamation of the President of the Republic of South Africa.    

TELEPHONE NUMBER   087 285 3222

OFFICE HOURS - MONDAY - FRIDAY / 08h00 - 16h30

Digital Accreditation Services Tender

 DAS/ 2019/ 009

&

Cleaning Tender

RFB CLN/2019/009

Please note that the deadline date for the submission of the above tenders

have been extended by a further week.

The new closing date is below:

Date: 11 November 2019

Time: 12h00

FIDELITY FUND CERTIFICATE UNRESOLVED ISSUES

Dear Stakeholder,

Please be advised that the Estate Agency Affairs Board (EAAB) is currently resolving all outstanding Fidelity Fund Certificate (FFC) - related queries.

To aid the expeditious issuing of FFC's, kindly ensure that you have met the requirements and submitted all necessary documents for an FFC to be issued and, more importantly kindly send all FFC related queries to ffc.complaints@eaab.org.za specifically.
 

CONTINUING PROFESSIONAL DEVELOPMENT (CPD) DISQUALIFICATION

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.

To log an online query - Section 27: CPD Disqualification

https://www.eaab.org.za/myffc/query_logging

BIG CHANGES FOR REAL ESTATE!

Property Practitioners Act No. 22 of 2019

At the REIS Real Estate Summit held in Sandton on Friday, 18 October, Speaker Panelist, Mamodupi Mohlala, Chief Executive Officer for the Estate Agency Affairs Board put matters into perspective and shared information with stakeholders present of what this new Bill means for the organisation, its stakeholders and consumers.

On 03 October 2019 the President promulgated the Property Practitioners Act No. 22 of 2019 which brings about a very important era in the history of the real estate sector in South Africa.

The Estate Agency Affairs Board (EAAB) welcomes this opportunity, and although it may bring about some challenges for the real estate regulator due to the expansion of its statutory mandate, the EAAB embraces the opportunity that is brings.  This is the first time in thirty years that this legislation is being amended due to the repeal of the Estate Agency Affairs Act 112, of 1976.  The EAAB looks forward to the opportunity to redefine itself as the Property Practitioners Regulatory Authority.

So, what does it mean now that the Bill has been signed into law? Do things start to change immediately?  Will the name of the Estate Agency Affairs Board be replaced as the Property Practitioners Regulatory Authority – Yes it does.

WHEN WILL THIS HAPPEN?

Transition provisions in terms of section 75 have been incorporated in the new Bill that will provide the EAAB ample opportunity for preparation in order to put in place the required measures to cater for the new Act.  In terms of Section 77 an effective date will be pronounced which will speak to four critical areas:

The EAAB has already commenced with engagements with the Executive Authority on the following with the Department of Human Settlements, Water and Sanitation and the Parliamentary Portfolio Committee on the amendment process of the Regulations; Interim provisions; and the intention to engage with stakeholders on the effective date, and the preliminary issues on licensing.

The legislation now includes the entire spectrum of Property Practitioners involved in the purchase, sale and leasing of properties, the administration of properties and general dealing in property from funding through to the transfer of properties.  This will however exclude attorneys and candidate attorneys; the Sheriff of the Court; A natural person who owns the property that in the ordinary course of their business sells the property belonging to him or her in their personal capacity.

At the REIS Real Estate Summit held in Sandton on Friday, 18 October, Speaker Panelist, Mamodupi Mohlala, Chief Executive Officer for the Estate Agency Affairs Board put matters into perspective and shared information with stakeholders present of what this new Bill means for the organisation, its stakeholders and consumers.

POSITIVE ENACTMENT OF THE NEW BILL

This new Bill establishes the Property Practitioners Regulatory Authority in terms of Section 5 for the Board regarding the executive function of the CEO and employees; the Regulator /Authority; the exemption powers in terms of Section 4(1); Transformation of the real estate sector Chapter 4; and the entire chapters 20 – 23.  The Property Practitioners Bill provides for priority as an imperative for the critical initiatives to ensure transformation of the real estate sector which is under Chapter 4 of the Act, and the Charter Code under section 20(1).  Procurement processes will now be linked to transformation under section 20 (2).  It also removes regulatory barriers regarding the obligation of Principal estate agents to submit audit reports that are to be prepared by an expert in terms of section 23.

TRANSFORMATION

The new Bill creates a Property Sector Transformation Fund under section 21 as well as a Property Sector Research Centre which is incorporated under section 22.  It further links licensing or issuance of a Fidelity Fund Certificate (FFC) to transformation by making it obligatory for all Principal estate agent recipients of a FFC to be in possession of a valid BEE Certificate in terms of section 50 (a)(x)

COMPLIANCE AND ENFORCEMENT

The inspection powers of the EAAB have been restored specifically with regard to search and seizure. This includes the appointment of inspectors, the power to issue compliance notices, the issuance of fines, a dispute resolution mechanism for mediation, adjudication and an Appeal Adjudication Committee.

FUNDING

The new Bill provides for funding of the Authority which allows for monies appropriated by Parliament; fees from Property Practitioners and investment of monies for the Fidelity Fund.

THE PROPERTY PRACTITIONERS FIDELITY FUND

The Fidelity Fund will remain the same as the current Fund in terms of the management and control of the Fund and any claims against the Fund.

POSITIVE ENACTMENTS FOR PROPERTY PRACTITIONERS

The new Bill provides for the issuance of Fidelity Funds Certificates over a three-year cycle in terms of section 47. It further subscribes that an application fee and penalty for failure to attach an application fee on application under section 47 (2) and section 47(4)(2), and the withdrawal of a FFC by way of a Court Order or Adjudication under section 52.

INITIATIVES AS THE REAL ESTATE REGULATOR

  • Innovative licensing regime – horizontal licensing on classes of licence;
  • Collection of licence fees;
  • Collection of contributions for the growth of the Fidelity Fund;
  • Education and Training and Continuing Professional Development (CPD) that is responsive to the needs of all Property Practitioners in the real estate sector.

STRUCTURAL CHANGES FOR THE REGULATOR

It is imperative that the organisation is restructured to cater and respond to the specific needs of all spheres of Property Practitioners in the real estate sector that fall within the framework of the Property Practitioners Act No. 22 of 2019.  This will require the expansion and reconfiguration of most of the EAAB’s current departments and the recruitment of skilled employees.  There will also be a need to create new departments to cater for Research and Development; a Mediation Unit, an Adjudication Unit, an Adjudication Appeal Unit and Branch Offices in all the major metropoles.

WAY FORWARD

The Property Practitioners Bill still needs to go through a formal declaration in the Government Gazette that the new law is enacted.  Section 77 of what is now the Property Practitioners Act provides that “This Act is called the Property Practitioners Act, 2018, and comes into operation on a date fixed by the President by proclamation in the Gazette“.  The Act will therefore not become law before such promulgation occurs in the Government Gazette.

The EAAB intends to have a real estate sector engagement before the end of 2019.  This will include work streams of the various professions in the sector to discuss the convergence thereof for the purpose of licensing, licencing fees and the collection thereof, and dispute resolutions.  It will further have continuous engagements where necessary with all stakeholders as to the progress.
 

NOTIFICATIONS


BID SPECIFICATIONS FOR MARKERS FOR PDE 4 & 5 THAT WILL BE HELD ON 21 NOV 2019
November 11, 2019
The Estate Agency Affairs Board (EAAB) is in the process of sourcing fifteen (15) external markers for the PDE that is scheduled for 21 November 2019. The EAAB has two examination types, one at PDE4 level and the other at PDE 5 level.

AGENT Magazine Issue 138 September - October 2019
October 25, 2019
HEADLINE STORIES Celebrating Women making a Difference! EAAB CEO, offers encouragement to Women in Business! BIG CHANGES FOR REAL ESTATE! New Property Practitioners Act No. 22 of 2019

EAAB Media Statement regarding PrivySeal
September 3, 2019
The Estate Agency Affairs Board (EAAB) wishes to inform estate agents and industry at large that its contract with PrivySeal has come to an end and is in the process of initiating a procurement process for similar services.

AGENT Magazine Issue 137 June-July 2019
July 23, 2019
HEADLINE STORIES The EAAB Chief Executive Officer speaks out on Transformation of the Real Estate Sector The EAAB Launch of 1000 Learner-Intake on the ''One Learner -One Estate Agency" Youth Programme Beneficiaries on the ''One Learner - One Estate Agency" Youth Programme Success stories of estate agents that have come...

PRACTICE NOTE: ETD02-2019 OF 26 June 2019 - REGULATING THE POSITION OF PREVIOUSLY REGISTERED ESTATE AGENTS WHO WISH TO RETURN TO THE SECTOR
July 16, 2019
The purpose of Practice Note ETD02/2019 is to regulate the position of persons who were previously registered as estate agents by the EAAB, and who were issued with valid Fidelity Fund Certificates accordingly, but who subsequently left the sector and now wish to re-enter, despite the fact that such persons may not have complied with the...

PROCEDURE FOR EXEMPTION AGAINST THE NQF LEVEL 4 & 5 REAL ESTATE QUALIFICATIONS & (PDE 4 & 5) AGE 60 YEARS & ABOVE
June 24, 2019
The Press release dated June 30, 2011: The Estate Agency Affairs Board (EAAB) grants estate agents qualification and Professional Designation Examination (PDE) exemption for Over 60’s deals with the resolution and policy approved by the EAAB Board for the grant of exemption and process that must be followed by interested and qualifying...

APPLICATIONS BY NON-EXECUTIVE DIRECTORS OF AN ESTATE AGENCY COMPANY FOR THE GRANT OF AN EDUCATIONAL EXEMPTION
June 24, 2019
This serves to advise that the fee payable to the Estate Agency Affairs Board during the 2019/2020 financial year for the consideration of an application for the grant of an educational exemption by a non-executive director of an estate agency company is the sum of R3 300.00.

EQUIVALENCY EXEMPTION AGAINST NQF LEVEL 4 AND/OR 5 REAL ESTATE QUALIFICATIONS
June 24, 2019
Practice Note ETD03/2013 issued in May 2013 deals with the assessment of equivalency exemptions by the Estate Agency Affairs Board (EAAB).

WRITTEN PDE 4 & 5 & ORAL EXAMINATION FEES FOR 2019/2020
June 24, 2019
This serves to advise all estate agents who wish to undertake the scheduled PDE Examination (written and oral) for the 2019/2020 financial year of the following applicable fees:

REVIEW OF SCRIPT AND APPEAL AGAINST THE PDE 4 & 5 RESULTS FEES
June 24, 2019
This serves to advise examination candidates who wish to apply for the review of their examination script or for appeal against the exam results of the new fee payable to the Estate Agency Affairs Board during the 2019/2020 financial year for the consideration of their appeal is the sum of R539.00.

EAAB CEO speaks on Transformation of the Real Estate Sector
June 24, 2019
Francis Herd SABC news presenter interviewed Ms Mamodupi Mohlala Mulaudzi the newly appointed Chief Executive Officer of the Estate Agency Affairs Board (EAAB) on transformation of the real estate sector.  The interview was broadcasted on the Full View Show on SABC News Channel 404 on Friday, 14 June 2019.

Fidelity Fund Certificates (FFC) for the 2020 Calendar Year
June 19, 2019
The Annual renewal for the 2020 FFC will open on the 01 July 2019 until 31 October 2019.

2019 AUDIT REPORTS SUBMISSION REMINDER
May 21, 2019
The submission deadline of 30 June 2019 for estate agency firms with a financial year-end of 28 February 2019 is imminent and this notification serves as a reminder to principals of these estate agency firms.

The Financial Intelligence Centre Amendment Act Video Clip produced by the EAAB
April 17, 2019
The Financial Intelligence Centre (the FIC), established by the Financial Intelligence Centre Act, 38 of 2001 (the FIC Act), is the national point for the gathering, analysis and dissemination of financial intelligence. The FIC identifies the proceeds of crime and combats both money laundering and the financing of terrorism with its primary role...

RMCP Template in terms of the FIC Act, 38 OF 2001
April 4, 2019
The Financial Intelligence Centre Act, 38 of 2001, established the Financial Intelligence Centre as the national centre for the gathering and analysis of financial data. The FIC is mandated to identify funds generated from criminal acts and to combat money laundering and terrorist financing. The FIC Act imposes certain obligations on sectors...

CPD 2019 Commencement of the CPD Programme
February 27, 2019
Who must register for CPD purposes in 2019?   All estate agents, excluding intern estate agents, who have been issued with a valid fidelity fund certificate by the EAAB, whether as principal or non-principal estate agents, are reminded that they must register for CPD purposes in 2019 and obtain fifteen verifiable and five non-verifiable CPD...

PDE Dates for 2019-2020
November 15, 2018
Professional Designation Examination (PDE) Dates for 2019/2020

Tips for estate agents undertaking the Professional Designation Examination (PDE)
November 30, -0001
As the Professional Designation Examination (PDE) is an open book examination, candidates are evaluated on their practical understanding of the study (and any other relevant) material rather than on mere recall and memorisation.

BID SPECIFICATIONS FOR MARKING OF THE PROFESSIONAL DESIGNATION EXAMINATION (PDE 4 & 5) HELD ON 21 NOV 2019
November 30, -0001
The Estate Agency Affairs Board (EAAB) is in the process of sourcing fifteen (15) external markers for the PDE that is scheduled for 21 November 2019. The EAAB has two examination types, one at PDE4 level and the other at PDE 5 level.

BID SPECIFICATIONS FOR MARKERS FOR PDE 4 & 5 TO BE HELD ON 21 NOV 2019
November 30, -0001
The Estate Agency Affairs Board (EAAB) is in the process of sourcing fifteen (15) external markers for the PDE that is scheduled for 21 November 2019. The EAAB has two examination types, one at PDE4 level and the other at PDE 5 level.



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