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Archived Notifications

THE EAAB’S COMMITMENT TO CONTINUED SERVICE DELIVERY
July 2, 2020
South Africa's Covid-19 Command Council (CCC) briefing on Thursday, 28 May detailed the final Level 3 Alert Level Regulations giving most of the country's workforce the green light to start operating fully. 

THE EAAB’S COMMITMENT TO CONTINUED SERVICE DELIVERY
July 2, 2020
South Africa's Covid-19 Command Council (CCC) briefing on Thursday, 28 May detailed the final Level 3 Alert Level Regulations giving most of the country's workforce the green light to start operating fully. 

LATEST UPDATE - EAAB to re-open on 01 July 2020
June 22, 2020
JOHANNESBURG – The Estate Agency Affairs Board regrettably have to inform its stakeholders and the public that it has had to postpone the re-opening of its offices by a week.

EAAB OFFICES TO RE-OPEN TO ENSURE CONTINUED SERVICE DELIVERY
June 11, 2020
JOHANNESBURG – The Estate Agency Affairs Board will re-open its Sandton, Johannesburg offices toward the end of June following the Covid-19 national lockdown. The regulator will adopt a phased-in approach from 23 June 2020 when essential staff will return to the office to ensure continued service delivery to its stakeholders.

NOTIFICATION UPDATE - Continuing Professional Development (CPD)
June 3, 2020
Estate agents are, in terms of the Education Regulations, obligated to undergo continuing professional development and attain 60 points over a rolling cycle of three years.  For the past 5 years, the CPD programme has been conducted in two different platforms which are CONTACT SESSIONS (where estate agents attend events physically) and...

IMPORTANT NOTIFICATION THE EAAB’S COMMITMENT TO CONTINUED SERVICE DELIVERY
May 31, 2020
South Africa's Covid-19 Command Council (CCC) briefing on Thursday, 28 May detailed the final Level 3 Alert Level Regulations giving most of the country's workforce the green light to start operating fully.

EAAB COVID-19 SUPPORT MEASURES FOR THE REAL ESTATE SECTOR
May 14, 2020
JOHANNESBURG – The COVID-19 pandemic has resulted in a worldwide economic downturn and the national lockdown will have long-lasting financial implications for many South Africans.

HOW COVID 19 HAS CHANGED ALL OUR LIVES
May 14, 2020
I acknowledge receipt of your open letter with the warmth and affection that it was written with. I firstly wish to state that the feeling is mutual, I miss you too. However most important I miss the life I had before COVID-19 came along. I however hope you appreciate that I MAMODUPI MOHLALA no matter how deluded I may be with my illusions of...

NOTICE REGARDING THE DELAY IN RELEASING EXAMINATION RESULTS FOR THE PDE WRITTEN ON 5 MARCH 2020
April 21, 2020
The EAAB Education and Training Department wishes to inform all examination candidates who wrote the examination on 05 March 2020 of the delay in releasing the examination results.

POSTPONEMENT IN THE CONDUCTING OF THE PROFESSIONAL DESIGNATION EXAMINATION SCHEDULED FOR 21 MAY 2020
April 21, 2020
The EAAB Education and Training Department wishes to inform all stakeholders and potential Professional Designation Examination candidates who wish to enroll, or have already expressed interest to enroll and to write the examination scheduled for 21 May 2020, that these scheduled examinations have, due to the outbreak of the COVID-19 virus and...

THE ENROLMENT TO WRITE THE PROFESSIONAL DESIGNATION EXAMINATION ON 21 MAY 2020 IS OPEN
April 2, 2020
This serves to advise all estate agents who wish to undertake the upcoming Professional Designation Examination (PDE) scheduled to take place on 21 May 2020 that enrolment for such is now open and closing on 08 May 2020 (no extensions will be allowed).  All qualifying estate agents wishing to enroll for this exam are advised to use the form...

Latest Update 26 March 2020 - EAAB COVID-19 LOCKDOWN RESPONSE PLAN
March 26, 2020
The Covid-19 pandemic is an unprecedented global test and in accordance with President Cyril Ramaphosa’s announcement on Monday 23 March 2020, the Estate Agency Affairs Board’s offices will remain closed until the end of the lockdown period.

New intervention to expedite Fidelity Fund Certificate (FFC queries)
March 19, 2020
JOHANNESBURG – The Estate Agency Affairs Board (EAAB) is introducing a new measure to help fast-track Fidelity Fund Certificate (FFC) queries.

Media Release 19 March 2020 - PDI's GIVEN A BOOST IN THE REAL ESTATE INDUSTRY
March 19, 2020
JOHANNESBURG - Estate agents from disadvantaged backgrounds will receive a major lifeline from April 1 when the Estate Agency Affairs Board (EAAB) implements a resolution to help them gain entry into the profession.

IMPORTANT NOTICE TO ALL EAAB STAKEHOLDERS REGARDING FFC’s AND CPD
March 15, 2020
Based on the consultations the EAAB had with some of its stakeholders, the Agency has resolved as follows: Fidelity Fund Certificate Queries All queries related to the Fidelity Fund Certificates (FFC) must be directed to the ffccomplaints@eaab.org.za The following documents must be provided in order to expedite the process:

CORONAVIRUS: EAAB EVACUATES STAFF AS PRECAUTIONARY MEASURE
March 14, 2020
JOHANNESBURG - The Estate Agency Affairs Board (EAAB) on Friday evacuated staff from its Sandton, Johannesburg offices after receiving information that an employee’s partner came into contact with an individual who tested positive for the novel Coronavirus.

Media Release - EAAB encourages stakeholders to participate in public information sessions on draft regulations
March 12, 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.

Notice to all PDE 4 & 5 candidates – 05 March 2020
March 4, 2020
The EAAB wishes to notify all PDE candidates who expressed their interest to write either PDE 4 or PDE 5 on the 05 March 2020 by way of completing an enrolment form and making an EFT payment that this serves to confirm that they have been enrolled successfully into the respective PDE and examination seat numbers.

Notice to all candidates enrolled for the PDE4-5 on 05 March 2020
March 4, 2020
The Estate Agency Affairs Board (EAAB) advises all estate agents who have enrolled to write either PDE4 or PDE5 on 05 March 2020 and have not yet received the examination seat num

EAAB TO PROBE PAM GOLDING PROPERTIES FOR ALLEGED FINANCIAL CONTRAVENTIONS
March 1, 2020
JOHANNESBURG - The Estate Agency Affairs Board (EAAB) is launching a full-scale investigation into allegations that one of South Africa’s top estate agencies contravened financial regulatory laws when facilitating the sale of property to politically exposed people.

PROFESSIONAL DESIGNATION EXAMINATION 4 & 5 - 05 MARCH 2020
February 28, 2020
The EAAB once again wishes to apologise to all qualifying estate agents who wish to enrol for the Professional Designation Examination for either PDE4 or PDE5 that could not enrol via the MyEAAB portal due to technical glitches experienced in the past week.

IMPORTANT NOTIFICATION - Professional Designation Examination 4 & 5 - 05 MARCH 2020
February 21, 2020
The EAAB wishes to apologise to all qualifying estate agents who wish to enrol to undertake the Professional Designation Examination for either PDE4 or PDE5 but could not enrol via the MyEAAB portal  due to technical glitches experienced in the past week.

Press Release - EAAB offers reprieve for estate agents with historical debt
February 14, 2020
JOHANNESBURG – Estate agents who failed to notify the Estate Agency Affairs Board (EAAB) that they are no longer practicing have received a welcome reprieve that will allow them re-entry in the property market space.

Transformation in Business - CEO of the EAAB interview with ENCA 03 February 2020
February 5, 2020
The Estate Agency Affairs Board is calling for the amendment of current regulations to make it easier for more Black players to participate in the industry.

SUBJECT: EAAB – FFC’s NOT A DISAPPOINTMENT BUT A SUCCESS
January 18, 2020
The Estate Agency Affairs Board (EAAB) would like to place the following on record with regards to your article published on propertyprofessional.co.za on 16 January 2020 headlined "EAAB disappoints".

ENROLMENT TO WRITE THE PDE ON 05 MARCH 2020 IS NOW OPEN
January 16, 2020
This serves to advise all estate agents who wish to undertake the upcoming Professional Designation Examination (PDE) scheduled to take place on 05 March 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 possession...

NOTIFICATION TO ALL CANDIDATES WHO WROTE THE EXAMIMINATION ON 21 NOVEMBER 2019
January 13, 2020
This serves to advise all estate agents who wrote the Professional Designation Examination (PDE) in November 2019 that PDE results are now available on the MyEAAB portal.

FFC's FOR 2020 ISSUED TO ALL LEGALLY COMPLIANT ESTATE AGENTS - 20 Dec 2019
December 20, 2019
The Estate Agency Affairs Board (EAAB) has successfully processed and issued Fidelity Fund Certificates (FFC's) to all legally compliant estate agents.

FIDELITY FUND CERTIFICATES FOR 2020 UPDATE - 19 Dec 2019
December 19, 2019
The Estate Agency Affairs Board (EAAB) has processed all applications from legally compliant estate agents for their 2020 fidelity fund certificates (FFC’s).

EAAB finalising 2020 Fidelity Fund Certificates - 18 Dec 2019
December 18, 2019
The Estate Agency Affairs Board (EAAB) has processed almost all applications from legally compliant estate agents for their fidelity fund certificates (FFCs).

EMAIL HOTLINE SET-UP TO DEAL WITH FIDELITY FUND CERTIFICATES - 17 Dec 2019
December 17, 2019
The Estate Agency Affairs Board (EAAB) has set-up an email hotline to fast-track the issuing of outstanding Fidelity Fund Certificates (FFCs) to legally compliant estate agents.

Estate Agency Affairs Board Bulletin re: FFC's for 2020 & CPD points allocation - 12 Dec 2019
December 13, 2019
All Fidelity Fund Certificates to be issued within a week This week the EAAB CEO, Ms. Mamodupi Mohlala met with the Real Estate Business Owners of South Africa (REBOSA) chairman Mr. Jan Le Roux to discuss amongst other things, the timeous issuing of Fidelity Fund Certificates (FFC) to legally compliant estate agents.

All Fidelity Fund Certificates to be issued within a week - 12 Dec 2019
December 12, 2019
This week the EAAB CEO, Ms. Mamodupi Mohlala met with the Real Estate Business Owners of South Africa (REBOSA) chairman Mr. Jan Le Roux to discuss amongst other things, the timeous issuing of Fidelity Fund Certificates (FFC) to legally compliant estate agents.

The Estate Agency Affairs Board corrects false media report
December 10, 2019
The Estate Agency Affairs Board wishes to correct the false and defamatory allegations published on social media and the Rapport newspaper regarding a December 5, 2019 incident at its Sandton premises.

The Estate Agency Affairs Board corrects false media report - 09 Dec 2019
December 9, 2019
The Estate Agency Affairs Board wishes to correct the false and defamatory allegations published on social media and the Rapport newspaper regarding a December 5, 2019 incident at its Sandton premises.

Professional Designation Examination PDE 4 & 5 Dates for 2020-2021
December 4, 2019
Examination dates commencing from March 2020 through to February 2021

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.

Professional Designation Examination PDE for 21 November 2019 is now open
October 7, 2019
This serves to advise all estate agents who wish to undertake the upcoming Professional Designation Examination (PDE) scheduled to take place on 21 November 2019 that enrolment for such is now open.

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.

Professional Designation Examination (PDE4 & PDE5) 22 August 2019
August 20, 2019
The Estate Agency Affairs Board (EAAB) advises all estate agents who have enrolled for the Professional Designation Examination for either PDE4 or PDE5

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.

Exemption from the PDE for Age Based Applicants 60 years and above
June 21, 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...

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.

REBOSA INDUSTRY SESSIONS
June 3, 2019
The Estate Agency Affairs Board has noted with concern that Rebosa will be holding sessions aimed at updating industry on the status of the Property Practitioners Bill and service delivery issues within the Board.

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.

CPD E-LEARNING PROGRAMME 2019 MAY NOW BE ACCESSED BY PARTICIPANTS
May 7, 2019
CPD participants are advised that the undermentioned topics may now be accessed on the “MyCPD” portal of the EAAB website (www.eaab.org.za) for e-learning CPD purposes, namely:

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...

Important Notification - Enrolment for the PDE on 23 May 2019 is now open
April 8, 2019
This serves to advise all estate agents who wish to undertake the upcoming Professional Designation Examination (PDE) scheduled to take place on 23 May 2019 that enrolment for such an examination is now open. Enrolment is done strictly via My EAAB portal and one must be in possession of their 7 digit personal identification number or reference...

THE ESTATE AGENCY AFFAIRS BOARD APPOINTS A NEW CHIEF EXECUTIVE OFFICER
April 5, 2019
Recently appointed Chief Executive Officer Mamodupi Mohlala-Mulaudzi shares how she is pursuing a transformation agenda, bettering a stakeholder-centric approach and ensuring a strong future for the Estate Agency Affairs Board.

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...

Continuing Professional Development (CPD) 2019 E-Learning will be available 15 April 2019
April 2, 2019
To all Principal and Non-Principal estate agents eligible to do CPD in terms of the education compliance requirements, please note that the amended date for the E-Learning component will be 15 April 2019 and not 01 April as previously communicated. CPD participants can access the E-Learning topics via the MyCPD online portal available of the...

07 FEBRUARY 2019 PDE RESULTS ARE AVAILABLE ON THE MYEAAB PORTAL
March 18, 2019
This serves to advise all estate agents who wrote the Professional Designation Examination (PDE) in February that PDE results are now available on the MyEAAB portal.

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...

ENROLMENT FOR THE (PDE) TO BE HELD ON 07 FEBRUARY 2019 IS OPEN FOR ENROLMENT
January 10, 2019
This serves to notify all eligible PDE candidates (including intern estate agents who have met the necessary internship, logbook and qualification requirements) that they may now register to undertake both oral and written examination (PDE 4 & 5) scheduled to take place on 07 February 2019 by accessing the ”MyEAAB” portal. This...

The SAQA renews its recognition of the EAAB as the professional body of the estate agency sector for a further five-year period
January 9, 2019
The Estate Agency Affairs Board (EAAB) is most gratified to advise its stakeholders that the Executive Committee of the South African Qualifications Authority (SAQA), at its meeting held on 12 September 2018, resolved to renew the recognition of the EAAB as the professional body of the estate agency sector for a further five-year period expiring...

Full status estate agents are reminded that they must register for CPD purposes for 2019
January 9, 2019
The EAAB reminds professional estate agents, excluding only current intern estate agents, that they must register for participation in the 2019 CPD programme by no later than 31 March 2019. This is particularly relevant for those former intern estate agents who obtained full status as estate agents during the course of 2018.

Professional Designation Examination November 2018 Results are available
December 14, 2018
This serves to advise all estate agents who wrote the Professional Designation Examination (PDE) in November that results are now available on the My EAAB online portal available on www.eaab.org.za

Implementation of the Financial Intelligence Centre Act, 38 of 2001 (the FIC Act), by the estate agency sector
November 19, 2018
The Estate Agency Affairs Board (EAAB), as the Supervisory Body of the estate agency sector, plays a key role in overseeing the implementation of the FIC Act within the sector. It is self-evident that the implementation, compliance and enforcement of the FIC Act, including customer due diligence and the application of the risk-based approach,...

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

SELF-ASSESSMENT OF COMPLIANCE WITH EAAA AND FICA 2018/2019
November 6, 2018
The Estate Agency Affairs Board (the EAAB) has a mandate to regulate and control certain activities of estate agents in the public interest.

ENROLMENT FOR THE PROFESSIONAL DESIGNATION EXAMINATION (PDE) TO BE HELD ON 08 November 2018 IS OPEN
October 12, 2018
This serves to notify all eligible PDE candidates (including intern estate agents who have met the necessary internship, logbook and qualification requirements) that they may now register for the PDE scheduled to take place on 08 November 2018 by accessing the ”MyEAAB” portal.

PDE on 16 August 2018 results available on the MyEAAB portal for estate agents
September 17, 2018
  Candidates who wrote the Professional Designation Examination on 16 AUGUST 2018 are advised that: the results of the examination may now be accessed by logging-on to the ‘MyEAAB’ portal of the EAAB website (www.eaab.org.za) , clicking on the ‘Agents’ portal dropdown, completing the required information and then...

ENROLMENT FOR THE PDE ON 16 AUGUST 2018
July 27, 2018
It has come to our attention that the MyEAAB portal notification for the next Professional Designation Examination (PDE) enrolment date is confirming the examination date as 17 August 2018, which is incorrect.

Important Notification - PDE 16 August 2018 Enrolments now open
July 3, 2018
This serves to notify all eligible PDE candidates (including intern estate agents who have met the necessary internship, logbook and qualification requirements) that they may now register for the PDE scheduled to take place on 16 August 2018 by accessing the ”MyEAAB” portal. The closing date for examination registration is 27 July...

IN THE HIGH COURT OF SOUTH AFRICA (WESTERN CAPE DIVISION, CAPE TOWN) Case No: 17418/2016
May 9, 2018
The first applicant is the Atlantic Beach Homeowners Association NPC, referred to as 'the HOA', a duly established non-profit company, established before s 29 of the Land Use Planning Ordinance (LUPO) was repealed by the Western Cape Land Use Planning Act 3 of 2014.

IMPORTANT ANNOUNCEMENT: PROFESSIONAL DESIGNATION EXAMINATION (PDE) ENROLMENT IS NOW OPEN FOR 17 May 2018
April 18, 2018
This serves to inform eligible PDE candidates (those who have met internship (intern estate agents) and qualification requirements (NQF 4/5 Certification or equivalency exemption) that the enrolment and registration of 17 May 2018 examination is now open on MyEAAB portal, and closing on 26 April 2018, no late enrolments and payments will be...

IMPORTANT ANNOUNCEMENT: EXAMINATION CANDIDATES WHO UNDERTOOK THE PROFESSIONAL DESIGNATION EXAMINATION ON 08 MARCH 2018 MAY NOW VIEW THEIR EXAMINATION RESULTS ON MYEAAB PORTAL
April 18, 2018
Candidates who wrote the Professional Designation Examination on 08 March 2018 are advised that: the results of the examination may now be accessed by logging-on to the ‘MyEAAB’ portal of the EAAB website (www.eaab.org.za), clicking on the ‘Agents’ portal dropdown, completing the required information and then going to the...

Estate Agency Affairs Board mourns the passing of Pam Golding
April 4, 2018
The Estate Agency Affairs Board (EAAB) has received with great sadness the news of the passing away of Mrs Pam Golding, founder of Pam Golding Property Group at the age of 90. We send our deepest condolences to her children, the entire family, Pam Golding Properties and the entire sector where she will be dearly missed and remembered for the huge...

Participating in the CPD Programme during 2018
March 9, 2018
The fourteen selected topics, and Integrated Real Estate Dialogues, comprising the CPD programme for 2018 CPD participants are advised that the CPD programme for 2018 comprises the following fourteen topics, six of which are reserved for principals only.

CONTINUING PROFESSIONAL DEVELOPMENT (“CPD”) IN 2018
March 6, 2018
For Principal and Non-Principal estate agents (excluding Intern estate agents) CPD compliance in 2018 CPD participants, that is to say, all non-principal and principal estate agents who have been issued with valid fidelity fund certificates for 2018 by the EAAB (excluding intern estate agents presently holding valid ‘intern’ fidelity...

GUIDANCE ON THE IMPLENTATION OF THE FINANCIAL INTELLIGENCE CENTRE AMENDMENT ACT BY ESTATE AGENTS
February 2, 2018
The President assented to the Financial Intelligence Centre Amendment Act, 2017 (“the Act”), on 26 April 2017. Certain sections of the Act came into operation on 13 June and also on 2 October 2017 while other sections of the Act will come into operation on a date still to be announced.

EAAB WAIVES FINES FOR CPD TRAINING UNTIL 31 MARCH 2018
January 31, 2018
The Estate Agency Affairs Board is gratified at the positive response received from CPD participants on the first three-year CPD cycle (that is to say, estate agents, excluding intern estate agents, who had been issued with fidelity fund certificates for the 2015, 2016 and 2017 calendar years respectively) to ensure timeous compliance with any...

Consumers warned to be vigilant in conducting property transactions
January 17, 2018
The Estate Agency Affairs Board (EAAB) urges consumers to be vigilant when doing property transactions and to always check if the estate agent they are dealing with has a valid Fidelity Fund Certificate that is issued by the Board.

ESTATE AGENTS TRAINING – A RESPONSE
January 17, 2018
To state that the Estate Agency Affairs Board (“EAAB”) was utterly dismayed at the patent lack of understanding evidenced, as well as the blatant and misleading misrepresentations made, in the article entitled “Agents Training – Listen Up” by Anne Schauffer would be an understatement.

Urgent Notice All CPD participants
December 22, 2017
Participants who were required to have registered for the first three-year rolling CPD cycle Estate agents who were issued with full status fidelity fund certificates by the EAAB for the period 2015 to 2017, inclusive, are advised that, to ensure CPD compliance, they should have accrued twenty CPD points, made up as to fifteen verifiable and five...

Continuing Professional Development (CPD) in 2018
December 6, 2017
It is most gratifying for the EAAB to be able to record that the overwhelming majority of estate agents that were required to do so have successfully completed the first three-year rolling CPD cycle.  This, no doubt, bodes extremely well for the continued professionalisiation of the real estate sector and for the enhancement of the status of...

ESTATE AGENCY AFFAIRS BOARD REFUTES CLAIMS OF 50 000 ILLEGAL ESTATE AGENTS
November 28, 2017
The Estate Agency Affairs Board (EAAB) has noted various media reports attributed to the organisation claiming that there were about 50 000 illegal estate agents practising.

Professional Designation Examination Dates for 2018/2019
November 6, 2017
Professional Designation Examination (PDE) dates for 2018/2019

Renewal of FFC and Attorney Registration Certificates for 2018
October 24, 2017
All renewals shall be performed on the MyEAAB Agents Portal accessible through the EAAB website through the link https://www.eaab.org.za/myffc.

THE GRANT OF AN EDUCATIONAL EXEMPTION IN RESPECT OF THE NONEXECUTIVE DIRECTORS OF AN ESTATE AGENCY COMPANY DOES NOT APPLY TO THE MEMBERS OF AN ESTATE AGENCY CLOSE CORPORATION
September 29, 2017
Members of an estate agency close corporation who are both competent and entitled to take part in the running of the estate agency business of the close corporation must be registered with the EAAB For the purposes of compliance with the requirements of the Estate Agency Affairs Act all members of an estate agency close corporation who are both...

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...

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...

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...

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.



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