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
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.
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'the HOA', a duly established non-profit company, established before s 29 of the Land Use Planning Ordinance (LUPO) was repealed by the Western Cape Land Use Planning Act 3 of 2014.
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.
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
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.
BEYERS REALTY GROUP CLAIMS AGAINST THE FIDELITY FUND BEYERS REALTY GROUP CLAIMS AGAINST THE FIDELITY FUND
November 1, 2016
On 30th September 2016, The EAAB obtained an interim order of court appointing a curator and taking control of the trust accounts and monies of Beyers Realty Group (BRG). BRG has also been provisionally interdicted from further operations pending a final order.
BEYERS REALTY GROUP CLAIM AGAINST THE FIDELITY FUND OF THE EAAB
November 1, 2016
Further to the below letter of information, the EAAB wishes to advise as follows: The curator as appointed by the court (see previous notice), is Mr Thomas Makupo, and any claims for trust monies which were held by Beyers Realty Group must be lodged with the curator at email@example.com, attention Mr Thomas Makupo
Communication - EAAB WEBSITE, MyCPD AND MyEAAB Online Portals
October 12, 2016
For the past few years the EAAB has implemented a number of online systems aimed at ensuring that estate agents are able to transact and interact with EAAB through these online services. These projects include online submission of Audit Reports, MYCPD, MyEAAB, Online registrations and renewals, PrivySeal, etc. Further, now estate agents are also...
PROFESSIONAL DESIGNATION EXAMINATION (PDE) POLICY, ELIGIBILITY CRITERIA AND STATUS UPGRADE PROCESS
September 26, 2016
ELIGIBILITY CRITERIA FOR UNDERTAKING THE EXAM It is the policy of the EAAB that: only registered and practicing estate agents who have been granted equivalency exemption from completing the prescribed qualifications for their practicing status and or have already qualified against prescribed qualifications are allowed to enrol and undertake the...
Registration on the registration and reporting platform of the FIC presentation slides below
ISSUE PAPER ON GUIDANCE REQUIRED TO IMPLEMENT THE FINANCIAL INTELLIGENCE CENTRE AMENDMENT ACT, 2016
August 26, 2016
26 AUGUST 2016 ISSUE PAPER ON GUIDANCE REQUIRED TO IMPLEMENT THE FINANCIAL INTELLIGENCE CENTRE AMENDMENT ACT, 2016 Purpose of the Issue Paper 1. The Issue Paper is intended to elicit comments on aspects where accountable institutions will require guidance when the amendments to the Financial Intelligence Centre Act, 2001 (the FIC Act), to be...
NOTICE ISSUE PAPER ON GUIDANCE REQUIRED TO IMPLEMENT THE FINANCIAL INTELLIGENCE CENTRE AMENDMENT BILL, 2016
August 26, 2016
Wednesday, 17 August 2016: The Financial Intelligence Centre (the FIC) in consultation with National Treasury, South African Reserve Bank and the Financial Services Board has published an Issue Paper on guidance required to implement the FIC Amendment Bill, 2016, on the FIC’s website today. Click here to read the Issue Paper.
ALL ESTATE AGENCY FIRMS ARE REQUIRED TO ENSURE COMPLIANCE BY THEIR EMPLOYEES IN SIGNING UP FOR PRIVYSEAL CONSUMER PROTECTION INITIATIVE
August 22, 2016
11 AUGUST 2016 ALL ESTATE AGENCY FIRMS ARE REQUIRED TO ENSURE COMPLIANCE BY THEIR EMPLOYEES IN SIGNING UP FOR PRIVYSEAL CONSUMER PROTECTION INITIATIVE Following the EAAB's successful pilot of the PrivySeal Consumer Protection Initiative in June 2016, the EAAB now requires all registered estate agents to sign up, at no cost, for their estate...
LAUNCH OF CONSUMER PROTECTION INITIATIVE
July 18, 2016
LAUNCH OF CONSUMER PROTECTION INITIATIVE PRIVYSEAL Following the EAAB's successful pilot of the PrivySeal Consumer Protection Initiative in June 2016, the EAAB requires all registered estate agents to sign up for their Privyseal at www.privyseal.com.