Multi-stakeholder group working together to sort out problems in the property industry

The Institute of Estate Agents of South Africa (IEASA), as a member of a multi-stakeholder group is happy to report 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, says Lanice Steward, president of IEASA.
There are various issues currently being addressed, namely, Fidelity Fund Certificates, e-learning, and continuous professional development (CPD), said Steward.
If agents have not yet received their FFCs, they need to be aware that if the payment was made on the 31st October 2015 for their 2016 certificate, the payment might only have reflected in the EAAB’s bank account on the 1st 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, said Steward.
E-learning will be made available via the EAAB website from the 1st 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, said Steward.

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