www.statusin.org

Name of the Organization : Estate Agency Affairs Board
Type of Facility : Intern/Full Status Estate Agent Registration
Location : Johannesburg
Country : South Africa

Official Website : https://www.eaab.org.za/

Related :
EAAB South Africa How to Become an Estate Agent : https://www.statusin.org/4858.html

How To Register As An Intern Estate Agent :

** Fully completed and signed application form;
** Certified copy of a valid I.D book;

No registration will be processed without the required documentation

** 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

(A signed, dated letter of confirmation of internship from the principal and NQF Level 4 certificate)

No registration will be processed without the required documentation

How To Register A Firm :

Firm and individual application forms;
** Certified copy of a valid I.D book;
** Copy of passport and work permit if non South African;
** CK document if it’s a CC (only if the cc has previously been registered with the former CIPRO);
** CM document for a company;
** Letter (Partnership) of agreement (if partnership);
** Bank letter confirming that the trust account has been opened, in terms of section 32(1) of Act 112 of 1976;
** Auditor’s Letter (auditor must be registered with the IRBA) confirming acceptance of appointment to audit firm’s accounts;
** Letter of franchise if applicable;
** Relevant payment;

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;

Estate agents are advised, before incurring any expenditure, to first ascertain from the EAAB whether a proposed name/trade name is acceptable on initial or subsequent registrations.