THE Estate Agency Affairs Board (EAAB) led by its CEO Mamodupi Mohlala vowed to ensure that there’s transformation in the property sector.
This week the board confirmed it will meet with Afri-Forum in relation to the Board’s proposed Resolution to empower previously disadvantaged individuals practicing within the property sector.
Mohlala wrote to Afri-Forum following its letter on 2 December last year addressed to Human Settlement Minister over the proposed Board Resolution. Mohlala confirmed that in terms of such letter, Afri-Forum called upon the Minister Lindiwe Sisulu to revoke the relevant resolution.
She said: “This is a resolution that was formulated by the EAAB. The reason for your addressing the said letter to the Minister is mainly because you believe that the contents of such resolution are not only unconstitutional but have the effect of creating an environment of discrimination.”
The proposed meetings with the Afri-Forum to be held in time is expected to discuss the contents of the PDI resolution; contents of the legislation that empower the EAAB to pass such a resolution; the constitutional provisional that justify the PDI Resolution and the manner of implementation of the PDI Resolution.
Afri-Forum requested to provide EAAB with three alternative date as soon as possible so as to facilitate a full engagement on this matter.
The EAAB led by its CEO Mohlala also welcomed the and the new legislation Property Practitioners Act 22 of 2019 and is committed to support its full implementation.
The Property Practitioners Act, No. 22 of 2019 aims:-
- to provide for the Regulation of Property Practitioners;
- to provide for the continuation of the Estate Agency Affairs Board as the Property Practitioners Regulatory Authority;
- to provide for the appointment of the members of the Board and matters incidental thereto;
- to provide for the appointment of the Chief Executive Officer and other staff members of the Authority;
- to provide for transformation of the property practitioners sector;
- to provide for the establishment of the transformation fund and establishment of the research centre on transformation;
- to provide for compliance with and enforcement of the provisions of the Act;
- to provide for the continuation of the Estate Agents Fidelity Fund as the Property Practitioners Fidelity Fund;
- to provide for consumer protection;
- to provide for the repeal of the Estate Agency Affairs Act, 1976; and
- to provide for matters connected therewith.
- This Act comes into operation on a date fixed by the President by proclamation in the Gazette.
Mohalala said: “The EAAB looks forward to the opportunity to redefine itself as the Property Practitioners Regulatory Authority. The new Act creates a Property Sector Transformation Fund under section 21 as well as a Property Research Centre which will be incorporated in terms section 22. It further links licensing of insurance of a Fidelity Fund Certificate to transformation by making it obligatory for all Principal estate agent recipients of a FFC to be in possession of a valid BEE Certificate in terms of section 50 (a)(x).” “The EAAB welcomes this new opportunity. This is the first time in thirty years that this legislation is being amended due to the repeal of Estate Agency Affairs Act of 112 of 1976. We are excited at the opportunity of being part of the entity as it redefines itself as the Property Practitioners Regulatory Authority.”