EAAB Qualification Blog Series: 1 - Overview of How To Become A Qualified Estate Agent in South Africa

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In terms of the Estate Agency Affairs Act (112 of 1976), every estate agent and estate agency firm must obtain a Fidelity Fund Certificate (FFC) from the Estate Agency Affairs Board (EAAB).  It's illegal to operate as an estate agent unless the EAAB has issued you with an FFC for the current calendar year.  It's also illegal to claim commission if you didn't have a valid FFC at the time you rendered the services to the client.

This applies not only to agents who sell residential property, but also to letting agents, commercial and industrial property brokers, agricultural property agents, business brokers, and agents who "exhibit" properties which are for sale or to let.

All new entrants to the industry will apply for the FFC as interns and do a one-year internship with the firm.  During their internship, they will do a year-long qualification called the national qualification in real estate level 4 (NQFL4), unless exempted and complete an internship logbook.

Once their NQFL4 is complete and they have had a valid FFC for one year they will be legible to write the EAAB’s professional designation Exam (PDE).

When the broker passes the PDE and submits their internship logbook, they will apply for a full status agent FFC.

Once a full status agent the broker will be required to complete the yearly continued professional development plan (CPD) and select 3 courses to keep brokers abreast and trained on current real estate environment.

To find out more details and register go to  EAAB website or see flow chart.

I will be posting the process and each step with relevant documents as part of my EAAB qualification blog series.
Location: South Africa

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