MyPPRA
On 30 March 2023, the Property Practitioners Regulatory Authority (PPRA) reported in a communique that it is making changes to the MyPPRA Auditors Portal (Auditors Portal) to reflect the new illustrative reports approved by the Independent Regulatory Board for Auditors (IRBA)’s Committee for Auditing Standards to be used by auditors of...
CPD CONTACT SESSIONS CPD 2022 CATCH UP
January 19, 2023
When the CPD programme was implemented in 2015, estate agents were given 2 options to acquire their necessary CPD points for each year. They had the option to do their CPD via contact sessions which are venue-based or via e-Learning which is online. In 2020, contact sessions were suspended because of the Covid-19 virus.
AN IMPORTANT NOTICE REGARDING THE EXAM VENUE OF SANDTON ON EXAM SEAT NUMBER CONFIRMATIONS
November 14, 2022
The PPRA is aware that seat number confirmation letters to exam candidates contain the Online Venue of Sandton, PPRA Offices, which is our standard practice. However, to provide clarity, the PPRA wishes to inform all exam candidates who have received such letters that exam venues are created by the PPRA when the exam is opened for enrolment /...
AN IMPORTANT ANNOUNCEMENT REGARDING THE EXEMPTION FOR PROPERTY PRACTITIONERS ( ESTATE AGENTS) AGED 60 YEARS AND ABOVE
September 15, 2022
This serves to inform all real-estate property practitioners (estate agents) aged 60 years and above that effective immediately this type of exemption is no longer available and no applications will be accepted in relation thereto. Therefore, all categories of affected property practitioners (estate agents) who have not qualified or...
AN IMPORTANT NOTICE REGARDING THE POSTPONEMENT OF THE ONLINE PROFESSIONAL DESIGNATION EXAMINATION SCHEDULED FOR 18 AUGUST 2022
August 16, 2022
Due to unexpected technical and system challenges, the PPRA has been compelled to postpone the online Professional Designation Examination (PDE) scheduled for 18 August 2022. We profusely regret the inconvenience that will be caused. We wish you all the best in the upcoming examinations.
The PDI transformation initiative program which was introduced in January 2019 under section 27 of the Estate Agency Affairs Act (EAAA) has not been retained under the Property Practitioners Act (PP Act). This program was meant to assist PDI’s who would otherwise have been non-complaint with the provisions of the previous EAAA to be issued...
Following the coming into operation and effect of the Property Practitioners Act, No.22 of 2019 (the PPA) on 1 February 2022, some industry bodies were of the view that the Standard of Training of Estate Agents Regulations of 2008 (the Education Regulations), are no longer applicable as we now have new PPA Regulations. The Property Practitioners...
AN IMPORTANT NOTICE TO ALL CANDIDATES WHO FAILED TO COMPLY WITH PRACTICE NOTE ETD01/2020 ON EDUCATION REGULATIONS
June 22, 2022
In 2021, the Board of the PPRA issued Practice Note ETD01/2020 giving property practitioners (intern estate agents and principals) who had failed to comply with Education Regulations of 2008 until 30 June 2022 to comply with the said Regulations. In terms of Practice Note ETD01/2020, the property practitioners concerned would have been blocked...
LAST PHASE-INVITATION TO ATTEND PUBLIC HEARINGS REGARDING RACISM PRACTICES WITHIN THE PROPERTY SECTOR
June 20, 2022
The hearings were prompted by receipt of written comments pertaining to alleged racism practices within the property sector as well as an investigation undertaken by the PPRA as a result of the complaint report received against a Property Practitioner (EstateAgent) in the Western Cape province. The PPRA is hosting a series of hearings and...
INFORMATION ON FOREIGN NATIONALS FOR LICENCING AND REGISTRATION AS A PROPERTY PRACTITIONER
June 12, 2022
S50(1) Requires property practitioners to be SA citizens and lawfully resident in SA. This excludes foreign nationals who were previously registered under the EAA Act 112/2976. We are required by law to comply with the Act. Property practitioners who wish to register and operate within SA must either be SA citizens and lawfully resident in SA or...
Please take note of this important notification that will assist you in obtaining your three (3) year 2023 fidelity fund certificate without any delays. Regulation 15.4 states that every property practitioner to whom a fidelity fund certificate or registration certificate, as the case may be, has already been issued in respect of a specific...
AVAILABILITY OF STUDY GUIDES
June 1, 2022
Dear Stakeholders Please be informed that we previously mentioned that one of the reasons that exams had to be postponed was due to the unavailability of study guides. However, we are glad to announce that study guides are now available and candidates may contact the Regulator in that regard and order study guides. Best...
2022 AUDIT REPORTS ON TRUST ACCOUNTS
June 1, 2022
The new Property Practitioners Act (the PPA) which came into effect on 1 February 2022 requires business property practitioners, who have not been exempted from keeping a trust account, to submit an audit report to the Property Practitioners Regulatory Authority (PPRA). According to the repealed Estate Agency Affairs Act (EAAA), audit reports on...
In order to ensure that DNFBP entities remediate and enhance their RMCPs, in accordance with the required Recommended Actions in Immediate Outcome 4 Preventative Measures of the Mutual Evaluation Report, the Property Practitioners Regulatory Authority (PPRA) is requesting all property practitioners previously included in the definition of...
NOTICE TO PROPERTY PRACTITIONERS TO REGISTER IN TERMS OF SECTION 47(1) OF THE PROPERTY PRACTITIONERS ACT
May 24, 2022
The Property Practitioners Regulatory Authority (PPRA) hereby gives notice and calls upon all property practitioners who have not registered for their FFC or renewed for 2022 to ensure that they comply with section 47 (1) of the Property Practitioners Act by approaching the PPRA for their registration on or before the 30 June 2022.
IMPLICATIONS OF THE PROPERTY PRACTITIONERS ACT AND REGULATIONS ON THE EDUCATION AND TRAINING ENVIRONMENT
April 21, 2022
The document discusses the implications of the property Practitioners Act and Regulations on the Education and Training Environment.
The Board of the Property Practitioners Regulatory Authority ( PPRA ) welcomes the decision of the court handed down on the 14th of April 2022, putting to rest with certainty the unwarranted assertion that the PPRA Board was unlawfully and illegally appointed. In the same token, the court’s decision dismisses the assertion that the...
The Estate Agency Affairs Board("EAAB") is a regulatory authority established in terms of the Estate Agency Affairs Act 112 of 1976("EAA Act") to maintain and promote the standards of conduct of real estate agents and regulate the activities of estate agents in the public interest. Therefore the EAAB is obliged to exercise...
Continuing Professional Development CPD material for 2021
September 3, 2021
The EAAB would like to inform all eligible estate agents that the CPD 2021 material will be uploaded in the coming weeks thereby making the CPD programme available from 1 October 2021.
PRACTICE NOTE: ETD01 2020
August 26, 2021
ON REGULATING THE POSITION OF ESTATE AGENTS HOLDING FULL STATUS FIDELITY FUND CERTIFICATES DESPITE HAVING FAILED TO COMPLY WITH THE REQUIREMENTS OF THE STANDARD OF TRAINING OF ESTATE AGENTS REGULATIONS, 200
The President of the Republic of South Africa his Excellency President Cyril Matamela Ramaphosa in his address to the nation on 11 July 2021 as part of his interventions by the State to alleviate the effects of the Covid pandemic on human life and the economy announces the following:
EXTENSION OF CPD POINTS ACQUISITION FOR THE 2020 YEAR
June 28, 2021
The EAAB hereby extends the compliance period to finalise and catch up the required annual CPD points for the 2020 CPD programme to 31 August 2021. This is as a result of a technical glitch in the EAAB system, which has caused a delay for estate agents to access the MyCPD portal and acquire their CPD 2020 verifiable points before the...
Please take note of the important notification that will assist you in obtaining your 2022 fidelity fund certificate without any delays.
AUDIT REPORTS 2021 SUBMISSION REMINDER
June 7, 2021
The submission deadline of 30 June 2021 for estate agency firms with a financial year-end of 28 February 2021 is imminent and this notification serves as a reminder to principals of these estate agency firms.
NOTICE TO INTERN ESTATE AGENTS REGARDING THE SUBMISSION OF INTERN LOGBOOKS TO EAAB FOR ASSESSMENT
May 31, 2021
This serves to advise all Intern Estate Agents who wish to submit completed and signed-off intern logbooks that the following submission methods are available:
EXTENSION OF CPD POINTS ACQUISITION
January 26, 2021
The EAAB published a communique citing that CPD fees for 2020 will be waived and that those estate agents who have already made payment towards their CPD fees will have their accounts credited for the 2021 financial year. Thus, the said estate agents will not be required to pay the CPD fees in the corresponding year, i.e. 2021.
THE EAAB WILL CONDUCT ITS DISCIPLINARY HEARINGS FOR ESTATE AGENTS VIA AN ONLINE VIRTUAL PLATFORM
October 19, 2020
Given the outbreak and continuous spread of the COVID-19 pandemic and its uncertainty, in South Africa and around the world, the EAAB is also deploying different measures to curtail and contain the spread of the virus.
UPDATED EQUIVALENCY EXEMPTION MATRICES FOR NQF LEVEL 4 & 5
September 9, 2020
On 20 August 2020 the Estate Agency Affairs Board advised of the EAAB BOARD’S DECISION TO AMEND THE EQUIVALENCY EXEMPTION MATRICES FOR NQF LEVELS 4 & 5 which was placed on the EAAB’s website and sent via a bulk email process.
JOHANNESBURG – The Estate Agency Affairs Board (EAAB) has brought forward the application date for a progressive initiative that will boost transformation of the real estate industry.
IMPORTANT UPDATE: PDI resolution application extension (to be read inconjunction with PDI's given a boost in real estate)
April 2, 2020
The EAAB earlier this month announced an exciting initiative that will assist estate agents from disadvantaged backgrounds gain entry into the profession.
The Press release dated June 30, 2011: EAAB grants estate agents qualification and PDE exemption for over 60’s deals with the resolution and policy approved by the EAAB Board for the grant of exemption and process that must be followed by interested and qualifying estate agents who are aged 60 years and above. The fee payable to the EAAB...
Ensure your PrivySeal reflects the current date and time
July 10, 2017
The Estate Agency Affairs Board (EAAB) has embarked on an awareness campaign for all prospective property consumers to advise them and encourage them to only deal with estate agents whose compliant registration status is evidenced by their EAAB Privyseal.
It constitutes a gross understatement to say that the EAAB is appalled at the occurrence of yet another blatant incident of racist behaviour within the estate agency sector.
Registration on the registration and reporting platform of the FIC presentation slides below
ISSUE PAPER ON GUIDANCE REQUIRED TO IMPLEMENT THE FINANCIAL INTELLIGENCE CENTRE AMENDMENT ACT, 2016
August 26, 2016
26 AUGUST 2016 ISSUE PAPER ON GUIDANCE REQUIRED TO IMPLEMENT THE FINANCIAL INTELLIGENCE CENTRE AMENDMENT ACT, 2016 Purpose of the Issue Paper 1. The Issue Paper is intended to elicit comments on aspects where accountable institutions will require guidance when the amendments to the Financial Intelligence Centre Act, 2001 (the FIC Act), to be...
NOTICE ISSUE PAPER ON GUIDANCE REQUIRED TO IMPLEMENT THE FINANCIAL INTELLIGENCE CENTRE AMENDMENT BILL, 2016
August 26, 2016
Wednesday, 17 August 2016: The Financial Intelligence Centre (the FIC) in consultation with National Treasury, South African Reserve Bank and the Financial Services Board has published an Issue Paper on guidance required to implement the FIC Amendment Bill, 2016, on the FIC’s website today. Click here to read the Issue Paper.
ALL ESTATE AGENCY FIRMS ARE REQUIRED TO ENSURE COMPLIANCE BY THEIR EMPLOYEES IN SIGNING UP FOR PRIVYSEAL CONSUMER PROTECTION INITIATIVE
August 22, 2016
11 AUGUST 2016 ALL ESTATE AGENCY FIRMS ARE REQUIRED TO ENSURE COMPLIANCE BY THEIR EMPLOYEES IN SIGNING UP FOR PRIVYSEAL CONSUMER PROTECTION INITIATIVE Following the EAAB's successful pilot of the PrivySeal Consumer Protection Initiative in June 2016, the EAAB now requires all registered estate agents to sign up, at no cost, for their estate...
LAUNCH OF CONSUMER PROTECTION INITIATIVE
July 18, 2016
LAUNCH OF CONSUMER PROTECTION INITIATIVE PRIVYSEAL Following the EAAB's successful pilot of the PrivySeal Consumer Protection Initiative in June 2016, the EAAB requires all registered estate agents to sign up for their Privyseal at www.privyseal.com.
FAQ about the impact of lockdown on real estate industries
November 30, -0001
The unprecedented 21-day national lockdown kicks in at midnight Thursday 26 March 2020. President Cyril Ramaphosa announced the bold effort to stave off the rampant Coronavirus that has gripped the world. The lockdown will have dire consequences for the economy and the manner in which business is conducted in the property and real estate...
CPD SYSTEM GLITCH IS FIXED
November 30, -0001
A few weeks ago, the EAAB issued a communique informing the estate agents that there were technical glitches in relation to access to the CPD portal.
AN IMPORTANT NOTICE REGARDING THE POSTPONEMENT OF THE ONLINE PROFESSIONAL DESIGNATION EXAMINATION SCHEDULED FOR 19 MAY 2022
November 30, -0001
Following persistent concerns that some candidates have not been able to secure study guides despite ordering them, the Property Practitioners Regulatory Authority (“the PPRA”), wishes to announce that the Professional Designation Examination scheduled to take place on 19 May 2022 will now be conducted on 23 June 2022....
PROPERTY PRACTITIONERS- SURVEY QUESTIONNAIRE -PART 1
November 30, -0001
In order for us to assist you under the new Property Practitioners Act to secure a valid Fedelity Fund Certificate (FFC), we would like understand how we can assist you. In order to ascertain this information, we would like you to complete a very brief 1-minute survey that will help inform us on how to provide the you with the neccesary support.
NOTIFICATION - THREE (3) YEAR 2023 FIDELITY FUND CERTIFICATE RENEWALS
November 30, -0001
Please take note of this important notification that will assist you in obtaining your three (3) year 2023 fidelity fund certificate without any delays. Regulation 15.4 states that every property practitioner to whom a fidelity fund certificate or registration certificate, as the case may be, has already been issued in respect of a specific...
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Estate Agency Affairs Act 112, 1976 |
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