Thank you 1. Pro-active leadership 2. Real leadership take times to - - PowerPoint PPT Presentation

Thank you

• 1. Pro-active leadership
• 2. Real leadership take times to give time to further a cause for

all

• 3. Stand together and advance in life – common goals
• 4. A strong man stand up for himself – a stronger man stands

up for other

52423 50422 49981 52304 55232

47000 48000 49000 50000 51000 52000 53000 54000 55000 56000

FY 08/09 FY 09/10 FY10/11 FY11/12 FY12/13

T

• t

a l F F C Financial Years

Financial Years Comparisons: Fidelity Fund Certificates issued

In the financial year under review, a total of 55 232 FFC’s were issued: Attorney: 94 Full Status Estate Agents: 15959 Intern Estate Agents: 14819 Principal Estate Agents: 13323 Firms: 11037 Total 55232

During the 2012/13 financial year, the EAAB issued 55 232 fidelity fund certificates.

ISSUING AND RENEWAL OF FIDELITY FUND CERTIFICATES

Estate Agency Firms Estate Agents

2000 4000 6000 8000 10000 12000 14000 16000 18000 20000 4674 2728 1322 736 392 428 359 185 120 18252 9605 5938 2362 1684 1356 1144 624 395 Estate Agency Firms Estate Agents

Geographical Province Grid Report – Estate Agency Affairs Board Fidelity Fund Certificates Issued for 2013

200 400 600 800 1000 1200 1400 1600 1800 1239 713 1625 600 235 115 90 250 145

STAKEHOLDER ATTENDANCE

WESTERN CAPE KWA ZULU NATAL GAUTENG EASTERN CAPE FREEE STATE MPUMALANGA NORTH WEST LIMPOPO NORTHERN CAPE

APPOINTMENT OF THE EAAB AS THE PROFESSIONAL BODY OF THE REAL ESTATE SECTOR

 The Estate Agency Affairs Board has now been recognised by the South African Qualifications Authority (SAQA) as the Professional Body of the estate agency sector on 19 September 2013;  It has been acknowledged, that the EAAB is the statutory regulator of a recognised community of expert real estate practitioners;  Recognition as a professional body is granted for an initial five-year period and is renewable for subsequent five (5) year periods, subject to the favourable outcome of a monitoring and evaluation process to be conducted by SAQA.

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 80% 92% 76% 36% 34% 37% 18% 90% 50% 85% 100% 95% 0% 6% 2% 56% 42% 54% 28% 10% 50% 10% 0% 5% 20% 2% 22% 8% 24% 9% 54% 0% 0% 5% 0% 0% NEGATIVE NEUTRAL POSITIVE

Media Coverage during April 2012 – March 2013

The graph below provides a summary of where the EAAB received free media publicity to the value of R10 647 556.43. The negative coverage was attributed to the dissolving

• f the previous Board and the appointment of the Administrator.

0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 0% 100% 90% 85% 85% 90% 100% 0% 0% 5% 10% 10% 0% 0% 0% 0% 5% 5% 5% 10% 0% % of Positive Coverage % of Neutral Coverage % of Negative Coverage

MEDIA TONE ANALYSIS – APRIL – OCTOBER 2013

THE PROPOSED NEW PROPERTY PRACTITIONERS BILL

 Developments that have emerged over the past 37 years within the SA economy;  Transformation will now be legislated for the sector  Job creation will be enhanced  Tax compliance will be enforced  Disciplinary Hearing ruling will have the status of a judgment in a civil court and must be executed accordingly.  Capacitation of the EAAB to deliver on its mandate;  Powers of DC will be equivalent to ruling of a magistrate court  Existing regulatory mechanism is to be enhanced  Inspection powers will be increased  Unlawful market practices will be better outlawed  -:Buying access to business opportunities

• : Limiting the rights of consumers
• :

ACCREDITATION OF ESTATE AGENTS BY HOA’S

 Does a HOA have a legal enforceable right for the actions?  Based on what laws do they base their practices?  On what bases do they claim a portion of your commission  On what basis do they fine the seller for using “outside” estate agents  Consumer has choice and should have free market  HOA can not infringe on your rights as an estate agent  The EAAB does not support the actions of the HOA’s  The EAAB do not support illegal practices by estate agents  The EAAB supports the rights of sellers and buyers and these rights are better serviced by registered estate agents

Way forward

 We require that complaints be submitted to the EAAB relating to all the various contraventions and code of conduct violations  EAAB will investigate all complaints received and take legal action against the parties  Activate the MOU with the National Consumer Commission to work with EAAB on the legal matters of common interest for the benefit of the consumer  The HOA’s falls under the Community Scheme Ombud

• Services. The CSOS will be moving into EAAB offices

 The Bill will be adjusted to clarify our legal position as aligned with the CPA and outlaw the market practices that are unlawful  Prepare for a legal action to the highest courts when needed