Resource file for agents from IEASA

The Institute of Estate Agents of South Africa (IEASA), which operates through the management of some 80 board directors throughout the country, has compiled a list of resources for estate agents in response to the many queries they get about various aspects of qualification, laws, training and legal requirements.

Lanice Steward, IEASA national director and regional chairman of IEASA Western Cape, says that although agents need to be licensed through the Estate Agency Affairs Board and get their fidelity fund certificates, the learning takes time and this is where the institute steps in.

“Navigating your way through the many different requirements can be confusing, and the IEA resource file will be added to when it is necessary. So far, it lists various organisations that agents or property practitioners will need to be in contact with such as the Financial Intelligence Centre, Estate Agency Affairs Board, the Rental Housing Tribunal, Deeds Office, SARS, Services SETA, and so on. It also explains what each organisation does, and has all the contact details listed,” says Steward.

The file lists legal resources agents will need, such as various acts, bills and draft bills, the Consumer Protection Act, Rental Housing Act, FICA, and others, as well as brief explanations of each one and where to find a copy of each document.

The document includes descriptions of processes that are necessary for estate agents, such as the acquiring and keeping of FFCs, audit processes, how to go about submitting an annual audit and why this process is necessary, as well as all the relevant contact information for the EAAB if assistance is needed.

“It is vital for agents to keep up to date with current laws on property dealings as well as the running of their businesses. There are constant changes to legislation and agents need to be proactive in finding out about their areas of expertise, such as agricultural land, rentals, sectional title or managing a property business,” says Steward.

Email for an application form to join a regional branch of IEASA.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 15 Jun 2018
      The second quarter of 2018 has proven to be the turning point for Midrand’s real estate market, especially the upper end which started to waver towards the end of a tumultuous 2017 with a notable drop in both sales and average selling prices.
    • 15 Jun 2018
      According to data recently released by FNB, the average age of a South African home buyer has increased from 38 to 44 this year. In an attempt to help first-time buyers enter the market sooner, Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, walks us through the steps of saving for your first home.
    • 15 Jun 2018
      Putting your house on the market can be a stressful process. There are so many decisions to make that will impact how quickly your house is sold and for how much you can sell it for. It’s a serious money game where you can’t afford to make the wrong decision.
    • 14 Jun 2018
      The word tourist describes someone who is visiting South Africa for a limited time and is probably not going to buy a property here – so why is the tourism industry so important to the real estate sector?
    • 14 Jun 2018
      Serengeti Estates has entrenched its status as one of Johannesburg’s most desirable addresses for a spectrum of homeowners with its launch of The Signature Residences, a new cluster village.
    • 14 Jun 2018
      Keen interest shown at an international event in Hamburg last month has revealed that German investors have a surprisingly healthy appetite for South African real estate, especially those in the market for retirement properties.
    • 13 Jun 2018
      Well located urban properties, from that convenient city pad to the family townhouse or the coveted buy-to-let property can provide buyers with great investment returns over the long term. This is according to Fine & Country which have a number of offices in Johannesburg specialising in the sale of urban properties.
    • 13 Jun 2018
      A R200 million 51-unit luxury apartment project on a vacant lot at 169 Main Road Green Point places the capstone on the radical transformation of the stretch between de Waterkant and Glengariff Road.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us