Estate Agency Affairs Board of South Africa
|Postal||Private Bag X10, Benmore, 2010|
|Physical||63 Wierda Road East, Wierda Valley, Sandton, Johannesburg, 2146|
|Tel||087 285 3222|
OverviewThe mission of the Estate Agency Affairs Board of South Africa (EAAB) is to ensure that the integrity of the transaction between the estate agent and consumer is of a high standard by regulating, protecting, guiding and enhancing the conduct of the estate agents' profession in South Africa through: registration and issue of fidelity fund certificates to qualifying applicants; prescribing and monitoring the standard of training and practical experience required by estate agents; investigating complaints on behalf of consumers against estate agents and instituting disciplinary proceedings against offending estate agents; conducting regular inspections of estate agencies; management, preservation and control of the Estate Agents Fidelity Fund; and acting as the supervisory body for the estate agency sector.
The Board's strategic goals are: regulating and controlling certain activities of estate agents in general maintenance and promotion of standards of conduct in the profession; setting essential, but attainable, minimum educational standards for estate agents; assisting, protecting and empowering consumers by creating awareness of their rights and obligations in real estate transactions; providing effective professional support to estate agents; ensuring that estate agents remain honest and capable service providers; ensuring compliance with the Financial Intelligence Centre Act (FICA) regulations in terms of its mandate as a supervisory body; furnishing practical broad-based support to all previously disadvantaged communities, while strongly promoting and encouraging the principles underlying employment equity and black economic empowerment; and striving for excellence and consistency in management, including the optimal and cost-effective utilisation of scarce resources.