For real-time news and information around COVID-19 visit https://sacoronavirus.co.za/

LATEST UPDATE

26 July 2020

TEMPORARY CLOSURE OF THE EAAB OFFICES DUE TO COVID-19

The EAAB offices remain temporarily closed until further notice. This is due to a number of employees that have tested positive, and several others are self-isolating due to possible exposure.

The two office blocks in Sandton are currently being deep cleaned and sanitised.

This is being done in the best interest to safeguard the EAAB employees and all stakeholders.

Stakeholders are encouraged to continue using electronic means to contact the EAAB (details and email addresses on www.eaab.org.za where possible).

  • 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

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


END//...


For more information contact:
Chandré Prince
Communications and Stakeholder Engagement Specialist
Chandre.Prince@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



12 July 2020

A CALL FOR WOMEN TO LEAD THE TRANSFORMATION AGENDA IN REAL ESTATE - Boldness in Real Estate!

JOHANNESBURG – Estate Agency Affairs Board CEO Mamodupi Mohlala this week joined a group of global women leaders to discuss transformation and women empowerment in the real estate industry.

Addressing representatives of the World Women Leading Change (WWLC) under the theme Boldness in Real Estate via a virtual meeting on Sunday 12 July 2020, Mohlala said the lack of transformation and gender representation was a global concern and called for an intensified push to ensure more Black Women occupy strategic positions in the industry.

The meeting was attended by delegates from Indonesia, Botswana, Nigeria, Lesotho, South Africa, Namibia and Kenya.

Mohlala detailed four initiatives currently implemented at the EAAB to help fast-track transformation of the industry in South Africa and help remove barriers for black people to enter the profession.

“The figures on transformation in the sector are looking bad, they are dire. But, things are going to change…” said Mohlala.

Central to these programmes are job creation opportunities particularly for Black Women and Youth, up-skilling of Black estate agents, mentorship, grants and loans to start-up businesses.

One of the programmes drew the attention of founding WWLC President Dr Ayla Aldjufrie who immediately undertook to collaborate with Mohlala on Youth employment and any other programmes to advance women. “I’m so excited by what I’ve just heard. Where do we start?” Dr Aldjufrie quipped from Indonesia when requesting more information on the EAAB’s “One-Learner One-Estate Agency” internship programme.

Annually, hundreds of interns are hosted by established estate agents across South Africa who will train and mentor them to become fully pledged professionals.  The EAAB provides a stipend for the interns and support for the host employers.  In the past year, the EAAB collaborated with major banks and communications giants to provide supporting services to bolster the programme.   It is envisaged that 5 000 interns will be enrolled for the 2020/2021 financial year.

Mohlala also highlighted other transformation enabling initiatives include an enterprise development (incubation) programme to assist small, medium and micro enterprises; a PDI resolution which seeks to make it easier for previously disadvantaged individuals to enter the profession; and the establishment of a transformation fund.

WWLC South African Ambassador Debbie Raphuti applauded Mohlala for the work she was doing saying women were “bringing a revolution to a White male dominated industry”. “In Africa we need boldness, we can’t continue to be oppressed economically in our own country,” said Raphuti.

Repeatedly referring to Mohlala as “dynamite”, Raphuti called on women to share knowledge and motivate one another in their quest to infiltrate the industry.

Anne Gebhart from Namibia’s estate agency regulator echoed Raphuti’ sentiments and said they would look into following some of the EAAB’s transformation models.  “We need to follow what you are doing….these are dynamic programmes.  We want to be part of the women who lead real estate change,” said Gebhart.

Women Leading Change is a movement that empowers leading business women to lead, change and give impact to their families, work field, community, environment and industry.  It evolves on the premise of women’s empowerment at the heartbeat of its movement.

Sharing her 15-year journey of growth in the real estate industry, Dr Aldjufrie, said real estate is a factor of economic growth and that women should be central to contributing to this growth.  She urged participants to collaborate, exchange ideas and work hand-in-hand to revolutionize the industry.

Mohlala indicated her willingness to discuss and engage with those wanting to advance the transformation agenda.

She also reminded delegates that the current global COVID-19 pandemic, with its many challenges, could present opportunities for Black women.  “Let’s look for the opportunities, grab it and then run with it.  The pulse needs to be intensified…..together we can bring the much needed change.”

END//…


13 July 2020


 


13 July 2020

EAAB reopens their offices in Sandton again after the recent Covid-19 scare.

As 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, the regulator has made also made the necessary provisions for employees to continue to work remotely to continue to offer the following services.

Ms. Mohlala again encourages all employees to practice good hygiene habits, including the importance of washing hands properly and keeping a distance from people who are sneezing and coughing.  She assured stakeholders of continued service delivery and said EAAB staff would be operating remotely during the temporary closure. She encouraged stakeholders to continue using electronic means to contact the EAAB on the following email addresses.


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 ch

 

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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