eaab.org.za Intern/Full Status Estate Agent Registration : Estate Agency Affairs Board

Organization : Estate Agency Affairs Board
Head Quarters: Johannesburg
Facility : Intern/Full Status Estate Agent Registration

Website : https://www.eaab.org.za/myffc

How To Register as an Intern Estate Agent?

** Fully completed and signed application form;
** Certified copy of a valid I.D book;

Related : Estate Agency Affairs Board Fidelity Fund Certificate Online Registrations : www.southafricain.com/1056.html

** Certified copy of a valid passport if not a South African;
** A valid work permit if not a South African;
** Required payment or proof of payment of R529.80;
** Letter of employment signed by the Principal of the firm confirming employment of the applicant;

Please Note :
** It is a requirement that new intern estate agents must register with one of the accredited RPL Centres for the NQF Level 4 qualification.

How To Register As A Full Status (Non-Principal) Estate Agent :
The following conditions should be satisfied before registering as a new full status estate agent :
** The estate agentmust have served as an intern estate agent, a continuous compulsory 12 months internship period under active supervision of a principal estate agent, or of a full status estate agent who have at least three years practical experience;

** Keep a log-book (Portfolio of Evidence) reflecting the various estate agency functions and activities undertaken during internship period;
** Be in possession of a relevant NQF level 4 certificate or completed Further Education and Training Certificate in Real Estate.

The following documents are required to register as a full status (non-principal) estate agent :
** Fully completed and signed application form;
** Certified copy of valid South African I.D book;
** Certified copy of valid passport if non South African;
** Valid work permit if not a South African;

** Required payment, or proof of payment;
** Letter of employment signed by the Principal of the firm confirming employment of the applicant;
** Proof of status change
** No registration will be processed without the required documentation

Legislative Documentation Required

** In order to register as a principal estate agent, that is, a director of a company, a member of a close corporation, a partner in a partnership or a sole proprietor, the following documentations are required

Bank Application form :
** A bank application form must be fully completed and signed;

Letter from the Bank :
** A letter from the bank confirming that a properly designated trust account has been opened in terms of section 32[1] of Act No 112 of 1976;

Auditor’s letter

** A letter from the firm’s auditors (registered with IRBA) confirming acceptance of appointment to audit firm’s accounts.

Please Note :
Estate Agents intending to establish their own estate agency firm should first consider the following :
** Ascertain from the EAAB whether a proposed trade name is acceptable on initial or subsequent registrations before incurring any expenditure,
** If the name is not acceptable because it’s similar or confusingly similar to an already registered name, the name cannot be used.

Functions of Estate Agency Affairs Board

The Estate Agency Affairs Board (EAAB) is a regulatory body in South Africa that is responsible for overseeing the estate agency industry. Here are some of the key functions of the EAAB:

Registration and regulation of estate agents:
The EAAB is responsible for the registration and regulation of estate agents in South Africa. This includes setting standards for training, qualifications, and ethical conduct.

Consumer protection:
The EAAB is tasked with protecting the interests of consumers who use the services of estate agents. This includes investigating complaints and taking disciplinary action against estate agents who breach ethical or legal standards.

Education and training:
The EAAB provides education and training to estate agents to ensure they have the necessary knowledge and skills to provide quality service to consumers.

Additional Simplified Procedure

Here are the steps on how to register as an Intern Estate Agent online in South Africa:
1. Go to the Property Practitioners Regulatory Authority (PPRA) website.
2. Click on the “Register” tab.
3. Select “Intern Estate Agent” from the drop-down menu.
4. Click on the “Start Application” button.
5. Fill out the application form.
6. Upload the required documents.
7. Pay the application fee.
8. Click on the “Submit” button.

The required documents are:
** A fully completed and signed application form.
** A certified copy of your valid ID book or passport.
** A certified copy of your work permit, if you are not a South African citizen.
** Proof of payment of the application fee.
** A letter of employment from the principal estate agent confirming your employment.

The application fee is R529.80. Once you have submitted your application, the PPRA will review it and process it within 30 days. If your application is approved, you will be issued with an intern estate agent fidelity fund certificate.

Here are some additional tips for registering as an Intern Estate Agent online:
** Make sure you have all of the required documents before you start the application process.
** Read the instructions carefully before you submit your application.
** Double-check all of your information before you submit your application.
** If you have any questions, contact the PPRA helpdesk.