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.      

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This serves to advise that the maintenance on the EAAB IT system is completed and now available.

Date of issue: 02 September 2017
Estate Agency Affairs Board

NOTIFICATIONS


RENEWAL OF FIDELITY FUND CERTIFICATES AND REGISTRATION CERTIFICATES for 2018
September 20, 2017
All renewals must be done on the MyEAAB Agents Portal accessible through the EAAB website through the link https://www.eaab.org.za/myffc. Every estate agent must apply for a fidelity fund certificate or registration certificate for the succeeding year not later than 31 October of every year.  Renewal payment received after 31 October will...

REQUEST FOR PROPOSAL (REF: EDU 2017/003)
September 18, 2017
The Estate Agency Affairs Board (“the EAAB”) is a schedule 3A public entity in terms of Public Finance Management Act (“PFMA”), reporting to the Department of Human Settlement (“the DHS”) as its Executive Authority. The Estate Agency Affairs Board guided by the principles of the Preferential Procurement Policy...

EXPANDED CRITERION FOR THE GRANT OF THE STATUTORY EXEMPTION AGAINST THE PDE IMPLEMENTED
September 11, 2017
The Estate Agency Affairs Board had previously interpreted regulation 7(3) of the Standard of Training of Estate Agents Regulations, 2008, as meaning that, to qualify for the grant of the statutory exemption against the Professional Designation Examination (“PDE”), estate agents must have continuously held a valid fidelity fund...

REQUEST FOR PROPOSAL (REF: FIN 2017/001)
August 18, 2017
The Estate Agency Affairs Board (“the EAAB”) is a schedule 3A public entity in terms of Public Finance Management Act (“PFMA”), reporting to the Department of Human Settlement (“the DHS”) as its Executive Authority. 

Communication: EAAB IT issues
August 16, 2017
The Estate Agency Affairs Board (EAAB) is mindful of the fact that its IT system is, due to circumstances entirely beyond its control, presently performing below full efficiency. This, unfortunately, has had a negative effect on the EAAB’s back-office functionality.

Continuing Professional Development (CPD) compliance
August 15, 2017
As December 2017 rapidly draws near, full status estate agents (excluding presently registered intern estate agents), are again reminded that they must ensure that they comply with mandatory Continuing Professional Development (CPD) requirements if they wish to continue legally to practice as such.

Ensure your PrivySeal reflects the current date and time
July 10, 2017
The Estate Agency Affairs Board (EAAB) has embarked on an awareness campaign for all prospective property consumers to advise them and encourage them to only deal with estate agents whose compliant registration status is evidenced by their EAAB Privyseal.

ATTORNEYS’ FIRMS HAVING EMPLOYEES HOLDING REGISTRATION CERTIFICATES IN THEIR SERVICE
June 30, 2017
Please be advised that attorneys’ employees whose duties consist wholly or primarily of the rendering of estate agency services, as defined, and who consequently are required to hold a Registration Certificate issued by the Estate Agency Affairs Board are also obliged fully to comply with the educational requirements prescribed by the...

Renewal Notification 2017 / 2018
June 27, 2017
Please take note of the important notification that will assist you in obtaining your 2018 fidelity fund without any delays. Every estate agent to whom a fidelity fund certificate or a registration certificate, as the case may be, has already been issued in respect of a specific calendar year, shall unless he/she ceased or will cease before the...

DRAFT GUIDANCE ON THE IMPLEMENTATION OF NEW MEASURES TO BE INTRODUCED BY THE FINANCIAL INTELLIGENCE CENTRE AMENDMENT ACT, 2017 (ACT NO. 1 OF 2017)
June 22, 2017
Thursday, 15 June 2017: The Minister of Finance has announced the coming into operation of a number of provisions of the Financial Intelligence Centre Amendment Act, 2017 (the FIC Amendment Act).  According to this announcement the implementation of the provisions of the FIC Amendment Act that provide for the following, will start on 2...

Property Sector Charter Council releases its first public state of transformation report for the property sector
June 15, 2017
The South African property sector is making reasonable efforts towards transformation, but it needs to pick up pace.

PROPERTY PRACTITIONERS BILL PUBLIC PARTICIPATION HEARINGS
June 14, 2017
The Property Practitioners Bill is intended to repeal the current Estate Agency Affairs Act, 1976 (Act No. 112 of 1976).

2017 AUDIT REPORT’S SUBMISSION REMINDER
June 1, 2017
The submission deadline of 30 June 2017 for estate agency firms with a financial year-end of 28 February 2017 is imminent and this notification serves as a reminder to principals of these estate agency firms.

HOW TO TRANSACT WITH THE EAAB IF YOU ARE AN ESTATE AGENT- Online Query Management System
May 11, 2017
The Estate Agency Affairs Board (EAAB) would advise that an innovative mechanism to facilitate the interaction of estate agents with the EAAB has been introduced effective 2 May 2017.  The Online Query Management System (OQMS), should henceforth be used for all queries, questions and complaints relating to the issue of fidelity fund...

ONLINE QUERY MANAGEMENT SYSTEM NOW OPERATIONAL
May 2, 2017
The EAAB is gratified to announce that the innovative mechanism to facilitate the interaction of estate agents with the EAAB is now operational. Estate agents and estate agency enterprises must henceforth use the online query management system for the submission to the EAAB of all queries, questions and complaints relating to the issue of...

IMPORTANT ANNOUNCEMENT: EXAMINATION CANDIDATES WHO UNDERTOOK THE PROFESSIONAL DESIGNATION EXAMINATION ON 2 MARCH 2017 MAY NOW OBTAIN EXAMINATION RESULTS
April 13, 2017
Candidates who wrote the Professional Designation Examination on 2 March 2017 are advised that:

REQUIRED DISCLOSURE BY INTERN ESTATE AGENTS
April 12, 2017
Intern estate agents are reminded that they are obliged, pursuant to the provisions of regulation 2(4)(a) of the Standard of Training of Estate Agents Regulations, 2008, to disclose the fact that they are intern estate agents on all printed material relating to their activities as estate agents. They are required, therefore, specifically to...

PROPERTY PRACTITIONERS BILL, 2016 AS GAZETTED
April 3, 2017
This serves to confirm that the Property Practitioners Bill, 2016 as Gazetted has been published for public comment.  The period for comments on any of the provisions of the Bill is to be made within 30 days from publication of the Bill.

THE EAAB IS DETERMINED TO EXTIRPATE RACISM FROM THE REAL ESTATE SECTOR
March 22, 2017
Despite the best endeavours of the Estate Agency Affairs Board to sensitise practicing estate agents to the evils of racism and notwithstanding the conduct of a concerted campaign focusing on the insidious consequences of such acts, a further incident of blatant and unacceptable racism, including the use of crude and grossly offensive language,...

A FURTHER MANIFESTATION OF RACISM WITHIN THE REAL ESTATE SECTOR
March 6, 2017
It constitutes a gross understatement to say that the EAAB is appalled at the occurrence of yet another blatant incident of racist behaviour within the estate agency sector.

APOLOGY BY ESTATE AGENCY AFFAIRS BOARD TO MRS NOMONDE MAPETLA
February 28, 2017
The EAAB confirms the findings by the then Public Protector, Advocate Thuli Madonsela, regarding the actions of the Board presided over by Mr Thamsanqa Bolani in 2011, in that Mrs Nomonde Mapetla –

Continuing Professional Development CPD) 2017 Notification 3
February 24, 2017
Due to unforeseen circumstances it was, unfortunately, not possible for the EAAB to have placed the proposed CPD 2017 venue calendar or the e-learning video material on its website by 20 February 2017 as had initially been communicated to participants.

Continuing Professional Development CPD) Notification 2
February 23, 2017
Estate agents are reminded that, in terms of the Standard of Training of Estate Agents Regulations, 2008, they must comply with prescribed Continuing Professional Development (CPD) obligations to continue to practice as such.

Continuing Professional Development (CPD) Notification 1 for 2017 Calendar Year
February 9, 2017
09 February 2017 CPD participants are advised that the CPD programme for 2017 has been placed on the EAAB website (www.eaab.org.za) for their perusal. To do so participants should access the “Education” menu and then proceed to the “CPD” portal.

ESTATE AGENTS ARE REMINDED TIMEOUSLY TO REGISTER FOR CONTINUING PROFESSIONAL DEVELOPMENT (CPD) IN 2017
January 4, 2017
The EAAB wishes to remind estate agents that all persons holding a valid fidelity fund certificate, in the capacity of either principal or non-principal estate agent but excluding intern estate agents, must register for CPD purposes in 2017. Intern estate agents will need to register for CPD purposes in the calendar year immediately following the...

ESTATE AGENTS ARE REMINDED TIMEOUSLY TO REGISTER FOR CONTINUING PROFESSIONAL DEVELOPMENT (CPD) IN 2017
January 1, 1970
The EAAB wishes to remind estate agents that all persons holding a valid fidelity fund certificate, in the capacity of either principal or non-principal estate agent but excluding intern estate agents, must register for CPD purposes in 2017.

RENEWAL OF FIDELITY FUND CERTIFICATES AND REGISTRATION CERTIFICATES for 2018
January 1, 1970
All renewals must be done on the MyEAAB Agents Portal accessible through the EAAB website through the link https://www.eaab.org.za/myffc. Every estate agent must apply for a fidelity fund certificate or registration certificate for the succeeding year not later than 31 October of every year.  Renewal payment received after 31 October will...



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