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The EAAB intensifies its inspectorate mandate efforts

The EAAB is also a supervisory body of the estate agents profession, pursuant to the Financial Intelligence Centre Act, and is obliged to take all steps required to prevent, or alternatively identify and report on money laundering and terrorist financing activities.

Inspections therefore ensure compliance with the Estate Agency Affairs Act, Act No 112 of 1976 (the EAA Act), and the Financial Intelligence Act. The inspection process will in future also be used to monitor compliance of education and training with respect to applicable legislation and internal policies of the EAAB.

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The EAAB intensifies its inspectorate mandate efforts
One of the primary mandates of the Estate Agency Affairs Board (EAAB) is to regulate, maintain and promote the standard of conduct of estate agents, having due regard for the public interest.
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