The Institute of Estate Agents of South Africa (IEASA), as a member of a multi-stakeholder group reports that they, with REBOSA, NPF, SAPOA, and NAMA, as representatives of the real estate industry, have joined forces to work together with the Estate Agency Affairs Board to sort out the issues that have confronted agents up to now.
E-learning will be made available via the EAAB website from 1 April and those using this system can also gain CPD points for 2015, which they were unable to accumulate last year.This is the word from Lanice Steward, president of IEASA, who says there are various issues currently being addressed, namely, Fidelity Fund Certificates (FFCs), e-learning and continuous professional development (CPD).
If agents have not yet received their FFCs, they need to be aware that if the payment was made on the 31 October 2015 for their 2016 certificate, the payment might only have reflected in the EAAB’s bank account on the 1 November. In this case, the system would have recognised the payment as a late payment and would automatically have triggered a penalty due.
The FFC, according to the system, can only be issued once the penalty has been cleared so if agents know that their payments were made timeously they need to send proof of payment through to the EAAB to rectify the matter. This, of course, can be avoided by paying early, says Steward.
E-learning will be made available via the EAAB website from 1 April and those using this system can also gain CPD points for 2015, which they were unable to accumulate last year.
It is important for agents to complete these courses and to understand that CPD is a reality in the industry and if not completed in the necessary time period there will be consequences, says Steward.
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