Organization : Estate Agency Affairs Board
Head Quarters: Johannesburg
Facility : How to Become an Estate Agent
EAAB How to Become an Estate Agent
** The ongoing professionalisation of the estate agency sector, which commenced on 15 July 2008, is aimed at prescribing the standard of training, thus prescribing mandatory internship and educational requirements for all estate agents already practicing in the property industry and to those wishing to join and practice as estate agents for the first time.
Related : Estate Agency Affairs Board Intern/Full Status Estate Agent Registration : www.southafricain.com/1058.html
Education requirements for new Intern Estate Agents/new comers :
** Must serve as an intern estate agent under the supervision of a principal estate agent or of a full status estate agent who has continuously held a valid fidelity fund certificate issued by the EAAB for a period of not less than three years.
** A mentor-protégé relationship will, thus, be created;
** The prescribed compulsory internship period is a continuous period of 12 months from the date of the first issue to that person of an intern estate fidelity fund certificate by the EAAB.
** The compulsory internship is aimed at equipping the intern estate agent with relevant workplace learning required to operate successfully in the industry;
** The intern estate agent must also keep a logbook(also referred to as a ‘Portfolio of Evidence’) reflecting the various estate agency functions and activities that have been undertaken and performed by the intern during the course of the internship period;
** The intern estate agent is, within the 12 months internship period, required to complete the Further Education and Training Certificate (FETC) Real Estate (NQF 4), a qualification that is intended to enhance the provision of entry-level service within the property and real estate professions and to provide the broad knowledge, skills and values needed in the property and real estate environment.
** The intern estate agent may be certificated against the qualification after undergoing training through an accredited education provider approved by the EAAB;
Registration and upgrading
** Regulation 3 of the Education Regulations stipulates that, a person who, as from the effective date of the Education Regulations (15 July 2008), intends to register as a an estate agent with the EAAB must comply with the internship requirements referred to in regulation 2 and explained in the last section;
** The regulation for education requirements further stipulates that no person may be registered with the EAAB as a Non=Principal estate agent unless that person has also successfully completed Professional Designation Examination (PDE) for non-principal estate agents (commonly known as PDE 4), conducted by the EAAB.
** The pre-requisite for admission to the PDE is the successful completion of the said qualification or, proof of being successfully granted exemption against the equivalency matrix;
** Therefore, no person may, as from the effective date of the regulation, be issued with a Non-Principal fidelity fund certificate unless such person has fully complied with the educational requirements referred to above.
For Existing Estate Agents That Do Not Have Login Details :
** Only persons currently or previously registered with the EAAB as estate agents but who have not previously registered on the MyEAAB Agents Portal should complete the form below.
** Persons disqualified from being issued with a Fidelity Fund Certificate in terms of any of the provisions of section 27 of the Estate Agency Affairs Act 112 of 1976 will not be able to access their profile on the MyEAAB Agents Portal
** Persons who previously registered on the MyEAAB Agents Portal should login in on the right or click the “Forgot my password” link on the right if they do not remember their login details.
** Estate agents who do not remember their reference numbers should access the 7 digit reference on the Fidelity Fund Certificate in their possession or alternatively, call the EAAB Call Centre on 087 285 3222.
** Estate agents who cannot access their profile on the MyEAAB Agents Portal because they are blocked or disqualified should enquire about the process of removal of the disqualification by emailing EAAB Section 27 Department on section27applications AT eaab.org.za, or alternatively call the EAAB Call Centre on 087 285 3222.