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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.      

TELEPHONE NUMBER     087 285 3222

OFFICE HOURS:

MONDAY - FRIDAY
08h00 - 16h30

CONTINUING PROFESSIONAL DEVELOPMENT (CPD) CALENDAR OF EVENTS FOR 2016

The Estate Agency Affairs Board (EAAB) is pleased to advise that the Continuing Professional Development (CPD) calendar of events for 2016 is now open for bookings on the MyCPD online portal on the EAAB website www.eaab.org.za.

The event calendar for 2016 is also available to download and print on the Home page and under Education - Continuing Professional Development on the top menu bar.

PLEASE NOTE:

  1. For Principal and Non-Principal estate agents that were eligible to register for CPD in 2015, the catchup e-learning video programme is still available for those who did not acquire the fifteen (15) required CPD points under the Verifiable Category of Education and Training;
  2. The calendar for 2016 CPD events is available on the MyCPD online portal and open for booking of events;
  3. It is however important to note that all Principal and Non-Principal estate agents that are eligible to register for 2016 (year 2 of the 3-year rolling CPD cycle), are required to have completed and submitted the Professional Development Plan (PDP) before they book for events;
  4. Booking of events should be made in accordance with your selection of topics made on your PDP;
  5. No estate agent will be allowed entrance at any CPD event unless they have made full payment, completed and submitted their PDP and have received confirmation that their booking has been made and that their place has been reserved;
  6. There will be no waitlisting.  The booking system will prompt you immediately if a venue is full.  Should you still wish to enroll for that particular topic, the e-learning video programme will be available for you;
  7. As indicated in previous communications on CPD, payment is to be made in full by 31 March 2016.  The EAAB will not accept installment payments,

TO DOWNLOAD 2016 CPD CALENDAR SCROLL TO BOTTOM OF PAGE

03 JANUARY 2016

EQUALITY PLEDGE

“All national groups shall be protected by law against insults to their race and national pride”.

The Freedom Charter

The Republic of South Africa is one, sovereign, democratic state founded on the following rights and freedoms.

  1. Human dignity, the achievement of equality and the advancement of human rights and freedoms.
  2. Non-racialism, and non-sexism.

The Constitution of the Republic of South Africa

“No one is born hating another person because of the colour of his skin, or his background, or his religion. People must learn to hate, and if they can learn to hate, they can be taught to love, for love comes more naturally to the human heart than its opposite.”

Nelson Mandela

  • I pledge to treat everyone with dignity, fairness and respect;
  • I pledge to work towards eliminating discrimination, whether by reason of race, gender, sexual orientation, ethnicity, nationality, disability, age or religion;
  • I pledge to demonstrate respect for equality and diversity, and ensure that prejudice and discrimination do not go unchallenged;
  • I pledge to promote a safe, fair, equitable and diverse working environment;
  • I pledge to make human rights values part of my everyday life and language; by listening, learning, communicating and educating; and by being open minded and impartial;
  • I pledge to uphold the principles of anti-discrimination in the real estate   industry;
  • I pledge to aggressively promote professionalism in the real estate industry and work towards creating a robust environment free from discrimination in all its forms;

It would be appreciated if you can scan and email your signed pledge to ceo@eaab.org.za by no later than Monday, 29 February 2016.

 

Full name: ________________________________________________

 Signed by:   ____________________          I.D. No.  _____________________ or

 Your EAAB 7 digit Ref No. ______________
 

TO DOWNLOAD EQUITY PLEDGE FORM SCROLL TO BOTTOM OF PAGE

STATEMENT ON RACISM IN THE ESTATE AGENCY SECTOR BY THE MULTI-STAKEHOLDER GROUP
 

Issued: 12 January 2016
Issues By: The Multi-Stakeholder Group

 

As the members of the Multi-Stakeholder Group (MSG) we confirm that the MSG fully aligns itself with the sentiments expressed by the Estate Agency Affairs Board (EAAB) in the under-mentioned release entitled "Racism has no place in the property sector".  We confirm that the MSG not only completely subscribes to, but also wholly endorses the principles and values that have been expressed by the EAAB in that release.




IMMEDIATE RELEASE

06 JANUARY 2016

RACISM HAS NO PLACE IN THE PROPERTY SECTOR

Following the recently widely publicised derogatory, offensive and racist remarks posted by estate agent Penny Sparrow on Facebook, the Minister of Human Settlements has instructed the Department of Human Settlements to work with the South African Human Rights Commission and the Estate Agency Affairs Board (EAAB) in conducting an enquiry into racism by estate agents in South Africa. The EAAB has, in addition, been requested to investigate whether it can institute any action against Penny Sparrow, as an estate agent, following her Facebook posting and to report back to the Minister in this respect. Effect is presently being given by the EAAB to the Minister’s instructions.  

It should be noted that estate agents engaging or participating in racist behaviour may render themselves guilty of a contravention of regulations 2.1 and/or 2.6 of the Code of Conduct for Estate Agents (“the Code of Conduct”). There can be little doubt that acts of racism are not only contrary to the integrity of estate agents in general but also bring the estate agency profession into disrepute. Such proven behaviour would, therefore, constitute a contravention of regulation 2.1 of the Code of Conduct. 

Regulation 2.6 of the Code of Conduct, for its part, enjoins estate agents not to deny equal services to any person for reasons of race, creed, sex or country of national origin.  This provision of the Code of Conduct gives effect to sections 9 (3) and (4) of the Constitution which provides that:

“(3)   The state may not unfairly discriminate directly or indirectly against anyone on one or more grounds including race, gender, sex, pregnancy, marital status, ethnic or social origin, colour, sexual orientation, age, disability, religion, conscience, belief, culture, language and birth. 

(4)     No person may unfairly discriminate directly or indirectly against anyone on one or more grounds in terms of subsection (3).”

It is to be emphasised that the EAAB is convinced that any and all incidents of racism and discrimination are not only reprehensible and unjustifiable but also morally and ethically indefensible and unacceptable, particularly in our constitutional democracy. It is, furthermore, apparent that many incidents of racism can be attributed to ignorance of or indifference to the pain, suffering and degradation that this deplorable behaviour causes to society.

The EAAB is, consequently, determined to eradicate any vestiges of racism in the estate agency sector through both increased levels of enforcement as well as the introduction of appropriate education and sensitivity training for estate agency practitioners and consumers alike. The Continuing Professional Development (CPD) programme constitutes a useful mechanism for achieving this latter objective.  

Through the promotion of continuing awareness of the offensiveness, hurt, destruction and manifestly undesirable consequences of racism and the perpetuation of racist acts, the EAAB is confident that this scourge will speedily be eliminated from the property sector in general and the estate agency environment in particular.  As the Minister of Human Settlements has cogently indicated it is axiomatic that racists who defiantly demonstrate a total lack of respect for either the Constitution or laws of South Africa cannot be allowed to operate as estate agents. The Minister has tasked the EAAB with ensuring the elimination of racism, in all its nefarious forms, from the property sector and the EAAB is determined to expedite the fulfilment of this important mandate. 

It remains an unfortunate, yet empirically proven, truism that persons who engage in undesirable racist behaviours frequently tend to be those lacking in self-confidence, self-esteem and self-love and who experience feelings of worthlessness and insignificance. Such persons are particularly apt to externalise these negative and destructive feelings onto others by perpetrating acts of racism. Racists, apparently, find comfort as well as a reason for their existence in both blaming and heaping abuse upon the “other”. As recent events have confirmed racism seems inherently to constitute a series of individual acts which, if permitted to go unchallenged, will ultimately succeed in creating a divisive, angry and bitter society.

The EAAB wishes to underscore that it cannot, and will not, permit the perpetration of any hostile, divisive and self-destructive behaviours within its regulatory sector. The EAAB unequivocally subscribes to the idea that discrimination between peoples on the grounds of race, colour, ethnic origin or any other factors, as provided for in the Constitution, creates not only an obstacle to the cordial and peaceful relations to which all South Africans are entitled but disturbs the harmony of our country and, as such, can neither be tolerated nor accepted.

Should anyone wish to report any racist or discrimanatory remarks being made please feel free to report this on the EAAB's Whistleblowers Hotline 0800 223 225

Issued by:       The Estate Agency Affairs Board

Date:               6 January 2016

CONTINUING PROFESSIONAL DEVELOPMENT: AN UPDATE

[N/B: This communication replaces the communication on CPD issued on 20 October 2015 and published in the Agent Magazine Issue 122 of September/October 2015]

  1. The close of the first year of the first CPD cycle

As the first year of the first CPD cycle draws to a close, it has become apparent that some estate agents on the current CPD cycle may, for one reason or another, have not been able to accumulate the required fifteen verifiable CPD points.

  1. Who must register for CPD purposes?

Estate agents are reminded, in this respect, that all persons who held a valid fidelity fund certificate, whether as principal or non-principal estate agents, issued by the EAAB during 2015, excluding only those persons who held intern fidelity fund certificates, were obliged not only to have registered for CPD purposes but also to have accrued fifteen verifiable and five non-verifiable CPD points.

  1. The implementation by the EAAB of a ‘catch-up’ CPD initiative

Mindful of this fact the EAAB has resolved to implement an appropriate ‘catch-up’ programme designed to assist non-compliant participants to obtain any outstanding verifiable CPD points that may still be required.

  1. The form of the ‘catch-up’ programme

The ‘catch-up’ programme will take the form of a CPD e-learning intervention. Such e-learning may be accessed by all participants still needing to obtain verifiable CPD points through the “MyCPD” portal on the EAAB website (www.eaab.org.za) as from 1 November 2015. 

  1. Estate agents who enrolled for CPD in 2015 but failed to obtain fifteen verifiable CPD points

Estate agents who enrolled on-line for participation in the 2015 CPD programme by completing the required Personal Development Plan (“PDP”) and making payment of the required CPD fee, but who failed to accumulate the required fifteen verifiable CPD points for that year, will be granted until 31 December 2016 to ‘catch-up’ on any outstanding points. Such persons will be given internet access, depending on their individual PDPs, to a video recording of relevant CPD presentations made during the course of 2015, including both the slide presentations utilised by the facilitators at those events and the learning guides provided to event participants. The e-learning participants will, after having duly viewed the presentation in question and having also considered the slides and other learning material, be required to answer ten randomly generated multiple-choice questions relating to the presentation in question. Participants correctly answering at least 70% of the multiple-choice questions will be awarded the three verifiable CPD points for that particular CPD intervention. Participants who do not correctly answer at least 70% of the multiple-choice questions will be required to review the presentation and materials until such time as they are able correctly to answer at least 70% of the multiple-choice questions.  

  1. Non-compliant estate agents who were obliged to do so but failed to enrol for CPD purposes in 2015

Estate agents holding valid fidelity fund certificates in 2015, other than intern estate agents, were obliged to have registered for CPD purposes during 2015. Estate agents who failed, however, to do so will be afforded a similar opportunity to ‘catch-up’ on verifiable CPD points to regularise their positions where CPD is concerned. Persons falling within this category still have the opportunity, thus, to accrue the required fifteen verifiable CPD points needed for CPD compliance in 2015 subject, however, to such persons:

  • completing the required Personal Development Plan (“PDP”) in respect of the 2015 CPD calendar year by no later than 28 February 2016; 
  • making payment of the applicable CPD fee for the 2015 calendar year (R2 500 for principal estate agents and R2 000 for non-principal estate agents) by no later than 31 March 2016; and
  • simultaneously enrolling for CPD in 2016, and paying the applicable CPD fee, to enable them to participate in the 2016 CPD programme.

Estate agents falling within this category will, therefore, be required to enrol, pay for and complete both the 2015 CPD programme (which can only be done through the e-leaning programme) as well as the 2016 CPD programme by no later than the end of the 2016 calendar year.  It is to be underscored, thus, that persons falling within this category will be required to make two CPD payments to regularise their positions, namely, a CPD payment to enable them to ‘catch-up’ with outstanding 2015 CPD requirements and the CPD payment for enrolment and participation in the CPD programme for 2016.

By so doing hitherto non-complaint persons can ensure that they are not rendered disqualified as estate agents by reason of their failure to have complied with the requirements of the mandatory Education Regulations pertaining to Continuing Professional Development.

After having duly registered for CPD purposes, as set forth above, participants falling within this category will, similarly, receive access to the e-learning CPD material, in accordance with the completed PDP, from 1 November 2015. Such participants will thereby be able to obtain the required fifteen verifiable CPD points for the 2015 year as they concurrently accumulate the necessary fifteen verifiable CPD points for 2016 by participating in the 2016 CPD programme.

  1. The CPD programme for 2016

7.1     Persons who will fall within the second year of the first CPD cycle in 2016     

The CPD programme for 2016, which will continue to fill identified education gaps for the profession in a practical, meaningful and positive way, is currently being finalised by the EAAB.

It is envisaged that participants in the 2016 CPD programme will be afforded the choice of obtaining the required fifteen verifiable CPD points by:

  • attending one-on-one contact sessions; or
  • accessing the EAAB’s e-learning platform; or
  • utilising a mixture of both of these methods by electing to attend contact sessions and, where required, also utilising available e-learning opportunities to accrue necessary verifiable CPD points.

The EAAB is pleased to announce that the required fifteen verifiable CPD points may be acquired in 2016 by using either the e-learning method or attending contact sessions or a combination of the two, in the discretion of the CPD participant. 

7.1.1 Categories of learning

The following learning categories have been developed after a comprehensive assessment of education gaps and the knowledge and skills that are required of professional estate agency practitioners:

7.1.1.1 Technical knowledge

This category will address the technical skills required of estate agents to enhance their technical capability in fulfilling their professional responsibilities as estate agents.

Technical knowledge topics will cover, among others, the following:

  • Commercial property management;
  • Selling from sectional title on behalf of the employer;
  • Conveyancing – mortgage bonds;
  • The 10 deadly sins that many estate agents commit;
  • Subdivision, consolidation and rezoning of property;
  • Advanced law of contract;
  • Property valuations/appraisals;
  • Foreign buyers and sellers.

7.1.1.2 Professional skills

In addition to professional knowledge estate agents frequently require soft skills that enhance their ability professionally to interact with various stakeholders.

Professional skills topics will include:

  • Customer service and emotional intelligence;
  • Professional business communication and business etiquette;
  • Property marketing;
  • Effective budgeting and operational cost control;
  • Managing conflicts in the workplace; and
  • Effective mentoring and coaching;
  • Completing logbook for interns

7.1.1.3 Taxation

Various presentations on taxation will be delivered during 2016. Such topics will include:

  • general tax implications affecting the property sector; and
  • tax updates including any changes announced in the budget speech that may impact the property sector.

7.1.1.4 Integrated real estate dialogues

The EAAB will continue to engage with its stakeholders regarding matters of mutual interest and concern including, for instance, the requirements and impact of anti-money laundering legislation as well as current levels of compliance with the Financial Intelligence Centre Act; updates on the progress of the proposed Property Practitioners Bill; environmental legislation and compliance with NEMA and NEMBA; and any other developments in the property sector generally that the EAAB believes stakeholders should be aware of.

7.1.1.5 Economic

The economic category will focus on the aspects of the globalized world and local economies that influence the South African Property market.

  1. Persons who will fall within the first year of the first CPD cycle in 2016

Estate agents and, particularly, intern estate agents who obtained full status during the course of 2015 must register for CPD purposes for 2016. Such persons will, thus, commence the first year of their first CPD cycle in 2016.

Persons falling under this category should access the “MyCPD” portal of the EAAB website (www.eaab.org.za) to register for CPD purposes in 2016. This will be done by the participant completing the required Personal Development Plan (“PDP”) by no later than 28 February 2016 and making payment of the applicable CPD fee (R2 500 for principal estate agents and R2 000 for non-principal estate agents) by no later than 31 March 2016.

Persons falling within the first year of their CPD cycle in 2016 will also have the choice of obtaining the required fifteen verifiable CPD points by:

  • attending one-on-one contact sessions; or
  • accessing the EAAB’s e-learning platform; or
  • utilising a mixture of both of these methods by electing to attend contact sessions and, where required, also utilising available e-learning opportunities to accrue necessary verifiable CPD points.
  1. Pass mark for e-learning

The EAAB is pleased to announce that, following a submission made by the Multi Stakeholder Group, the pass mark for the e-learning questions at the conclusion of each e-learning presentation will be reduced from 100% to 70% effective from 2016. The pass mark for participants utilising the opportunity to ‘catch-up’ the necessary fifteen verifiable CPD points in respect of the 2015 CPD programme will also be reduced from 100% to 70% with effect from 14 December 2015. It has been resolved, furthermore, that all future e-learning presentations will not exceed forty-five minutes in duration so as to make such e-learning interventions more accessible to CPD participants.

  1. CPD fees due for 2016 and method of payment

CPD fees payable by estate agents for the 2016 calendar year will not change from those of 2015.

In 2016 the CPD fee will, thus, remain:

  • R2 500 for principal estate agents; and
  • R2 000 for non-principal estate agents.

Payment for CPD registration must be made in full by the CPD participant after due submission of the required PDP.

  1. CPD 2016 Programme Timelines

Estate agents are urged to take note of the 2016 CPD programme rollout timelines and to ensure that they strictly adhere to those timelines.

  1. Estate agents who enrolled for CPD in 2015 and paid for CPD but failed to obtain fifteen verifiable CPD points during 2015

Description

Date

Access e-learning materials for CPD 2015 through the “MyCPD” portal and complete a test for the outstanding points

From 1 November 2015 to 31 December 2016

Complete and submit required PDP for 2016

 

From 4 January 2016 to 28 February 2016

Make payment for 2016 CPD programme (R2 000 for non-principal and R2 500 for principal estate agents) for CPD for 2016 (N.B. Payment should be made only after the PDP has been submitted)

 

From 4 January 2016 to 31 March 2016

Availability of  CPD calendar (for attendance at contact sessions)

 

From 1 February 2016

Commencement of 2016 CPD contact sessions and availability of e-learning materials

 

From 1 April 2016

Deadline for change of PDP

 

From 31 May 2016

 

10.2   Non-compliant estate agents who were obliged to register for CPD in 2015 but failed to do so

Description

Date

Complete and submit PDP for 2015

 

 

Any time from now but by no later than 28 February 2015

Make 2015 CPD payment (R2 000 for non-principal and R2 500 for principal estate agents) (N.B. Payment should be made only after the PDP has been submitted)

 

 

Any time from now but no later than 31 March 2015

Access e-learning materials for 2015 CPD programme through the “MyCPD” portal and complete a test for the outstanding fifteen verifiable CPD points

From 1 November 2015 to 31 December 2016

Complete and submit PDP for 2016 CPD programme

 

From 4 January 2016 to 28 February 2016

Make payment for 2016 CPD programme (R2 000 for non-principal and R2 500 for principal estate agents). (N.B. Payment should be made only after the PDP has been submitted)

 

 

From 4 January 2016 to 31 March 2016

Availability of  CPD calendar (for attendance at contact sessions)

 

From 1 February 2016

Commencement of 2016 CPD contact sessions and availability of e-learning materials

 

From 1 April 2016

Deadline for change of PDP

 

From 31 May 2016

10.3   Compliant persons falling within the second year of the first CPD cycle in 2016 who accrued fifteen verifiable CPD points in 2015

Description

Date

Complete and submit PDP for 2016 CPD programme

 

From 4 January 2016 to 28 February 2016

Make payment for 2016 CPD programme (R2 000 for non-principal and R2 500 for principal estate agents). (N.B. Payment should be made only after the PDP has been submitted)

From 4 January 2016 to 31 March 2016

Availability of  CPD calendar (for attendance at contact sessions)

 

From 1 February 2016

Commencement of 2016 CPD contact sessions and availability of e-learning materials

 

From 1 April 2016

Deadline for change of PDP

From 31 May 2016

 

10.4   Persons who will fall within the first year of the first CPD cycle in 2016

Description

Date

Complete and submit PDP for 2016 CPD programme

 

From 4 January 2016 to 28 February 2016

Make payment for 2016 CPD programme (R2 000 for non-principal and R2 500 for principal estate agents). (N.B. Payment should only be made after the PDP has been submitted)

From 4 January 2016 to 31 March 2016

Availability of  CPD calendar (for attendance at contact sessions)

From 1 February 2016

Commencement of 2016 CPD contact sessions and availability of e-learning materials

From 1 April 2016

Deadline for change of PDP

From 31 May 2016

  1. Consequence of non-compliance

CPD participants should note that the ‘catch–up’ programme is a ‘once-off’ opportunity that is available to CPD participants until 31 December 2016.  Estate agents who fail to take advantage of this opportunity to regularise their CPD positions, while they will not immediately be rendered disqualified, will nevertheless find that they will not be able to accumulate the required points needed for CPD compliance purposes over the rolling three-year CPD cycle.

  1. Allocation of CPD points

Every effort is currently being made to allocate the correct number of verifiable CPD points to those participants who attended CPD interventions during 2015. The challenges inherent in this process are presently being addressed and CPD participants may rest assured that this matter will be suitably finalised in the near future.

  1. Accrual of non-verifiable CPD points in 2015

CPD participants who, for whatever reason, were not able to accumulate the required five non-verifiable CPD points during the course of 2015 will, similarly, be granted a once-off ‘catch-up’ period until 31 December 2016 within which to regularise this aspect of CPD compliance. CPD participants are, in their own interests, urged to make full use of this latitude to ensure CPD compliance.   

Jointly issued by:  The Estate Agency Affairs Board and the Multi-Stakeholder Group

Date:                           10 December 2015

 

The establishment of the Multi-Stakeholder Group

The Estate Agency Affairs Board (EAAB) is gratified to announce the successful establishment of a Multi-Stakeholder Group comprising both itself and estate agency sector representative organisations. The underlying objective in creating the Multi-Stakeholder Group, which meets on a monthly basis, is to identify, discuss and, of course, hopefully resolve the many pertinent concerns, issues and challenges which members of the estate agency profession, in its many differentiated spheres, generally encounter. Due to the activities of the Multi-Stakeholder Group significant successes in this respect have already been achieved.

The Multi-Stakeholder Group presently comprises representatives at the highest level of:

As and when other accredited estate agency sector representative organisations are identified they will also be invited to join the Multi-Stakeholder Group and to participate in its deliberations.

Due to the flexible and effective, yet formalised, constitution and functioning of the Multi-Stakeholder Group, practicing professional estate agency practitioners can rest assured that the problems and issues which they daily confront in an evolving and frequently volatile real estate environment will not only receive attention at the highest level but also be suitably addressed in the interests of both the estate agency profession and the consumers that the profession serves.

Constituents of the Multi-Stakeholder Group organisations are urged to draw any matters affecting the interests of the real estate sector to the attention of the relevant organisation to ensure that such matters can be suitably addressed by the Multi-Stakeholder Group.

 

Issued jointly by: The Estate Agency Affairs Board and the Multi-Stakeholder Group

Date: 04 December 2015

     

To download the communication click here for the PDF  

CONTINUING PROFESSIONAL DEVELOPMENT (CPD) - UPDATE AND INTRODUCING E-LEARNING
 

20 OCTOBER 2015

The close of the first year of the first CPD cycle

As the first year of the first CPD cycle draws to a close, it has become apparent that some estate agents on the current CPD cycle may, for one reason or another, have failed to accumulate the required fifteen verifiable CPD points.

Who must register for CPD purposes?

Estate agents are reminded, in this respect, that all persons who held a valid fidelity fund certificate, whether as principal or non-principal estate agents, issued by the EAAB during 2015, excluding only those persons who held intern fidelity fund certificates, were obliged not only to have registered for CPD purposes but also to have accrued fifteen verifiable and five non-verifiable CPD points.

The implementation by the EAAB of a ‘catch-up’ CPD initiative

Mindful of this fact the EAAB has resolved to implement an appropriate ‘catch-up’ programme designed to assist non-compliant participants to obtain any outstanding verifiable CPD points that may still be required.

The form of the ‘catch-up’ programme

The ‘catch-up’ programme will take the form of a CPD e-learning intervention. Such e-learning may be accessed by all participants still needing to obtain verifiable CPD points through the “MyCPD” portal on the EAAB website (www.eaab.org.za) as from 1 November 2015. 

Estate agents who enrolled for CPD but failed to obtain fifteen verifiable CPD points

Estate agents who have already enrolled on-line for participation in the CPD programme by completing the required Personal Development Plan (“PDP”) and making payment of the required CPD fee will be given internet access, depending on their individual PDPs, to a video recording of relevant CPD presentations made during the course of 2015, including both the slide presentations utilised by the facilitators at those events and the learning guides provided to event participants. E-learning participants will, after having duly viewed the presentation in question and having also considered the slides and other learning material, be required to answer ten randomly generated multiple-choice questions relating to the presentation in question. Participants correctly answering all the multiple-choice questions will be awarded the three verifiable CPD points for that particular topic. Participants not correctly answering all of the multiple-choice questions will be required to review the presentation and materials until such time as they are able correctly to answer all the multiple-choice questions.  

Non-compliant estate agents who failed to enrol for CPD purposes

Estate agents holding valid fidelity fund certificates in 2015, other than intern estate agents, who were, thus, obliged to have registered for CPD purposes during 2015, but failed to do so, will be afforded a similar opportunity to ‘catch-up’ on verifiable CPD points so as to regularise their positions where CPD is concerned. Persons falling within this category may accrue the required fifteen verifiable CPD points needed for 2015. Affected participants are earnestly encouraged to take full advantage of this ‘catch-up’ opportunity. Such participants should, therefore:

  • immediately access the “MyCPD” portal on the EAAB website;
  • complete the required Personal Development Plan (“PDP”); and
  • make payment of the applicable CPD fee (R2 500 for principal estate agents and R2 000 for non-principal estate agents).

Doing so will ensure that hitherto non-complaint persons are not rendered disqualified as estate agents by reason of their failure to comply with the requirements of the mandatory Education Regulations.

After having duly registered for CPD purposes, as set forth above, participants falling within this category will, similarly, receive access to the e-learning CPD material, in accordance with the completed PDP, from 1 November 2015 thereby enabling them to acquire the required number of verifiable CPD points for the 2015 year.

The CPD programme for 2016

Persons who will fall within the second year of the first CPD cycle in 2016

The CPD programme for the ensuing year, which will continue to fill identified education gaps for the profession in a practical, meaningful and positive way, is currently being finalised by the EAAB.

It is envisaged that, in 2016, participants will be afforded the choice of obtaining the required number of fifteen verifiable CPD points by:

  • attending one-on-one contact sessions; or
  • accessing the EAAB’s e-learning platform; or
  • utilising a mixture of both of these methods by electing to attend contact sessions and, where required, also utilising available e-learning opportunities to accrue necessary verifiable CPD points.

It is to be emphasised, however, that a maximum of twelve verifiable CPD points may be earned through using the e-learning method. While participants will, therefore, be obligated to attend at least one contact session, they may choose to attend as many contact sessions as they wish in acquiring the full number of fifteen verifiable CPD points for the year.

CPD fees for 2016 and method of payment

It is not anticipated that there will be any increase in the CPD fees payable by estate agents for the 2016 calendar year.

The CPD fee for 2016 will, thus remain:

  • R2 500 for principal estate agents; and
  • R2 000 for non-principal estate agents.

Payment for CPD purposes may be made only in full or by way of a debit order instruction over a maximum period of four monthly instalments. Any required debit order instruction should be submitted by the participant to the EAAB by no later than the final deadline for the payment of CPD fees.

Persons falling within the first year of the first CPD cycle, that is, persons entering the CPD system for the first time in 2016

Intern estate agents who obtained full status during the course of 2015 are obliged to register for CPD purposes for 2016. Such persons will, thus, commence the first year of their first CPD cycle in 2016.

Persons falling under this category are required to access the “MyCPD” portal of the EAAB website to register for CPD purposes in 2016 by completing the required Personal Development Plan (“PDP”) and making payment of the applicable CPD fee (R2 500 for principal estate agents and R2 000 for non-principal estate agents).

It is envisaged that persons falling within the first year of their CPD cycle in 2016 will also have the choice of obtaining the required number of CPD points by:

  • attending one-on-one contact sessions; or
  • accessing the EAAB’s e-learning platform; or
  • utilising a mixture of both of these methods by electing to attend contact sessions and, where required, also utilising available e-learning opportunities to accrue necessary verifiable CPD points.

While it is anticipated that the CPD calendar for this category of CPD participants will shortly be finalised, they are requested, in any event, to ensure that they access the EAAB website from time to time to obtain more particularity in this respect.

Issued by:       The Estate Agency Affairs Board


TO DOWNLOAD THE LATEST CPD CALENDAR FOR 2015

ESTATE AGENCY AFFAIRS BOARD

STATEMENT IN RESPECT OF NEW DRAFT REGULATIONS

18 September 2015

ESTATE AGENCY AFFAIRS BOARD TO ISSUE NEW REGULATIONS INTRODUCING NEW LEVIES AND CONTRIBUTIONS FOR PUBLIC COMMENT

Section 33 (1) of the Estate agency Affairs Act, 1976 empowers the Minister of Human Settlements to issue Regulations to promote and advance the object of the Act after consultation with the Board.  The operating Regulations that governs the determination of contributions and levies in respect of issue of Fidelity Fund and Registration Certificates, have not been altered since 2006.  Throughout these years, as a result of the aftermath of the economic mell-down which lead to unfavourable economic conditions within the real estate sector, the Estate agency Affairs Board felt it prudent to leave contributions and levies payable by estate agents unchanged. 

Levies and contributions payable by estate agents contribute immensely to the wellbeing of the Estate agency Affairs Board.  Thus, the EAAB is enabled to improve efficiency in its operations to serve its stakeholders who are estate agents and members of the public better and effectively.  In this regard, the EAAB has been able to produce a cadre of competent and professional estate agents capable of delivering real estate services competently and diligently whilst at the same time promoting consumer interests.

It is the EAAB’s considered view that the prevailing levies and contributions payable by estate agents have been overtaken by economic and market conditions as well as inflationary considerations.  All things considered, the EAAB has planned to introduce new Regulations on levies and contributions which will translate in the increase of levies and contributions with effect from 2017.  In this regard, the new Regulations has been published by the Minister of Human Settlements in the Government Gazette No. 39195 on the 11th of September 2015 for public comment.  Estate agents are urged to submit comments on the Draft Regulations before the are finalized as Final Regulations.  Comments may be forwarded to Thulane Nkambule at Thulane.Nkambule@dhs.gov.za.  The Draft Regulations can be accessed from the Government Printing Works website at www.gpwonline.co.za or the Estate Agency Affairs Board website at www.eaab.org.za. 

To continue providing excellent service, it is necessary that these increases are introduced to enable the EAAB to service its clients competently and professionally, enforce compliance with the Estate agency Affairs Act, 1976 and the Code of Conduct and to promote the interests of consumers by inspiring greater consumer confidence in the real estate sector generally.

Issued by: THE ESTATE AGENCY AFFAIRS BOARD

 

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