There is a lot of confusion regarding the registration for the upcoming Professional Designation Examinations scheduled to take place on 19 May 2022. In an attempt to unpack the process, the following is relevant:
Payment: Pay EXACTLY R1,067 to the ABSA account number on the form using the 7-digit number as payment reference. Do not add any letters or spaces to the 7-digit reference umber when making payment!
Documents needed: (Name the documents correctly, e.g. not scan1234, but rather Logbook)
Submit ALL of the above attached in ONE email (not separate emails)
Submission: Via email. Use only [email protected] Subject line: your 7-digit number.
Closing date: Strictly 6 May 2022.
There are currently two possible exemption applications an intern estate agent can make to the EAAB/PPRA:
Both the Logbook and NQF4 (or formal exemption) are prerequisites:
NB: Only once a blue checkmark is behind your name on the MYEAAB portal, will you be able to register for the PDE!
Alternatively, you can take your evidence with you to the PPRA/EAAB in person.
The EAAB requires a mandatory one-year program (minimum) to be completed by all intern estate agents. The program has been specifically designed to facilitate and monitor the induction of intern estate agents into the estate agency profession and applies to all new entrants and intern estate agents. The program involves the following activities:
The National Certificate: Real Estate (NQF 4) qualification is intended to enhance the provision of entry-level knowledge and skills within the property and real estate sectors and to provide the broad knowledge, competencies and values needed in the property and real estate environments. The intern estate agent may be certificated against the qualification after undergoing training through a Services SETA accredited education provider or, only where appropriate, undergoing a Recognition of Prior Learning (“RPL”) assessment with a Services SETA accredited RPL assessment centre.
New entrants holding a relevant tertiary qualification may, upon application to the EAAB and having paid the required assessment fee, be granted an equivalency exemption against the NQF Level 4 and/or 5 real estate qualifications. The exemption qualifications relied upon for this purpose must align with the Board-approved equivalency matrices which may be accessed from the EAAB website by interested persons.
The Estate Agency Affairs Board (EAAB) was established in 1976 with the mandate to regulate and control activities of estate agents in the public interest. The EAAB regulates the estate agency profession by ensuring that all persons carrying out the activities of an estate agent as a service to the public are sufficiently trained and registered with the EAAB.
Refer sections 7.4 to 7.10 of the EAAB Practice Note ETD01 2020.
Disqualified interns may apply to the PPRA in writing to have their FFC for 2022 reinstated. Applications must be submitted within 60 days of being disqualified – you must be notified by the PPRA in writing before you can apply. We will be in discussions the PPRA to see if students can apply before this, knowing they will be disqualified. Regardless, it is best to have your application ready.
To prepare your application you will need the following:
Your application will have to be considered and approved by the PPRA.
If your application is approved, this would mean that the PDE4 Exam on 17 November 2022 would become the last opportunity to reach full status before being de-registered.
If interns who have had an FFC for 24 months or more do not meet the training requirements (Logbook + NQF4 + PDE4) by the deadline of 30 June 2022, the following will happen:
Note that the true deadline for students is actually 6 May 2022 as this is (currently) the last date you can register for the May PDE4 Exam.
On 25 August 2021, the EAAB issued an announcement that the EAAB Practice Note ETD01 2020 would come into effect on 1 July 2021.
The Practice Note states that if an intern estate agent has had an FFC for more than 24 months and have not achieved Full Status they will have until 30 June 2022 to complete their logbook, NQF4 and pass the PDE4 Exam. It also states that agents who were previously classified as full status, but did not complete, or get an exemption from, the NQF4 Real Estate course - will now have to complete the course.
The PDE4 exam can be sat typically four (4) times per calendar year. The EAAB releases the PDE4 exam dates annually, with the most recent dates as follows:
Therefore, the PDE4 Exam in May 2022 is the last opportunity for students who have had an FFC for 24 months or more to meet the June 2022 deadline.
The Act basically covers the following general topics:
The new registration status levels under the Property Practitioners Regulations - 2022 are as follows:
The PPRA will require the following for agents to become fully qualified:
Professional Designation Exam (PDE)
6-Module Industry-Specific Practical Course
6-month Probation period
Once a candidate property practitioner passes the PDE4, they have a further 6-month “probation period” where they must still act under supervision of a qualified property practitioner
Continued Professional Development
All property practitioners must undergo and meet requirements of continued professional development (CPD) training to maintain their registration;
There’s a lot of speculation around the new Property Practitioners Act and subsequent Regulations from everyone in the industry. The most common questions we get are about training of agents and how this will change under the new regulations. At this stage, the new requirements are very much “up in the air” with additional instructions expected from the PPRA over the course of the year. Note that both LOGBOOK and the NQF4 REAL ESTATE COURSE (as we know it) will be discontinued under the new regulations.
These new regulations will not apply to current full status agents or current intern estate agents who had a valid FFC prior to 1 Feb 2022. However, it will take time for the relevant professional bodies to create and implement the new courses. As such, the PPRA may bring in transitional provisions for the phasing in of some or all of the new training requirements under the new Act.
In other words, business as usual until further notice!