As part of the Estate Agency Affairs Board statutory mandate and legislation, it is the requirement of all estate agents wishing to operate within the real estate property industry to be in possession of a valid Fidelity Fund Certificate (FFC).
The validity of a Fidelity Fund Certificate is 01 January of a year to 31 December of the same year and estate agents are therefore required to renew by no later than 31 October of each year to obtain a Fidelity Fund Certificate for the following year.
It is also imperative that should the employment of an estate agent be terminated with a firm, that the Principal gives due notice to the EAAB to update the records of the firm. Should that same estate agent, join another firm that the EAAB is given due notice of their change of employment. The importance of this being advised timeously is so that if the same estate agent pays for their renewal without advising the EAAB of his change in firm details, the Fidelity Fund Certificate will be printed with the incorrect firm name.
It is also the responsibility of the Principal of the firm to advise the EAAB of any change in physical or postal address, contact no’s etc in order for our records being kept up to date.
The Estate Agency Affairs Board has provided estate agents a platform to do all their transactions pertaining to Fidelity Fund Certificate related transactions online which can be accessed through the MyEAAB online portal on the top navigation menu bar on the EAAB website.