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

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

EAAB 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.sanotify.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.