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EAAB issues Study Guide on 17 April 2009
On 17 April (2009) the Estate Agents Affairs Board (‘EAAB’) launched a Study Guide for the Professional Estate Agent. This follows on the promulgation of the ‘Standard of Training of Estate Agents Regulations, 2008’ which came into effect on 15 July 2008. The regulations, issued under the Estate Agency Affairs Act (112 of 1976), introduced fundamental changes to the estate agent education and training dispensation.
The guide is aimed to meet the educational requirements for persons wishing to qualify as non-principal estate agents (NQF Level 4). The EAAB indicated that a study guide for persons wishing to qualify as principal estate agents (NQF Level 5) will be published in June this year. All agents (existing agents and new entrants) will have to obtain a new qualification. This new qualification is called the Further Education and Training Certificate: Real Estate. It is a National Qualification Framework (‘NQF’) Level 4 qualification, prescribed for those persons who want to become ‘non-principal’ agents (persons who do not want to own their own estate agency businesses, but who merely want to be employed by an estate agency firm as an estate agent). In addition, a new NQF Level 5 qualification, National Certificate: Real Estate is prescribed for those persons who want to become ‘principal’ agents.
more here http://www.ita.co.za/index.php?optio...=123&Itemid=88
It is about time the industry is cleaned up .....I only hope similar changes will happen in the mortgage origination industry
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