From the pen of iSiKolo- June 2019

Here are the issues we need to take cognisance of:

1.     CPD

Remember:

·         If full status agents/principals fail to register for CPD and acquire their points over a 3 year period they can be disqualified and not receive a FFC for the following year

·         Interns do not enrol for CPD

·         No exemption can be obtained from CPD

Coffee breaks: we offer these 1-2 hour sessions every quarter. Topics cover the wider spectrum of challenges that real estate practitioners face,

Attendees receive certificates of attendance.

For more information; send an email to sales@isikolo.net

Principals/Mentors: It’s an ideal opportunity to bring your team for a quick uplifting motivation and educational session. Costs vary between R100-R200 per person depending on the length of the workshop.

2.     INTERN LOGBOOKS

This situation remains the same.

·         The proposed online logbook via the MyEAAB profile is not fully active as yet. Hence everyone must still work with the hard copy version.

·         Completed logbooks can only be submitted 12 month after date of first FFC being issued.

·         They must be submitted from month 13, but not later than month 24.

·         The logbook is hard evidence of the practical interaction with the theory and practice of real estate. It must be current [hence not older than 24 months].

Note: it’s no use rushing off this logbook in the 1st few months of being an intern- there is a reason why the internship period is at least 12 months- interns have to gain experience in their 1st year.

3.     QUALIFICATIONS

NQF4: internsare to complete their qualification in their first 12 months of registration. This can be done simultaneously with their logbook.  Full status agents can fast track their qualification via the RPL method.

NQF5: all current principals must obtain this soonest [if they haven’t done so already]. We’ve known about this requirement for 11 years now. New principals have to achieve both their level 4 and 5 qualifications.

·         The entry level for the full training of NQF5 only requires a completed NQF4; real estate qualification.

·         You don’t need to be a principal to obtain this qualification if you attend facilitated sessions.

·         If you wish to acquire the qualification via the RPL route, you need substantial evidence of management experience in a real estate context.

For more information contact Nantes on 082 533 1707 or info@isikolo.net

Certain degrees can exempt you from obtaining the qualification- the EAAB matrix must be perused and only the EAAB can grant an exemption – no training provider has the authority to do so anymore. If uncertain please send me an email and I will peruse your qualifications free of charge with no obligation for you to enrol with us- salma@isikolo.net

4.     Historic agents re-joining the industry after a hiatus

The EAAB now require that these incumbents provide proof of the NQF4 before their new FFC can be issued. The agents have to fast-track their qualifications via the RPL route. They won’t have a FFC and will therefore be training illegitimately if they continue to operate without a valid FFC. Hence the EAAB has become stricter with respect to people re-joining the industry.

If you have queries in this regard you are welcome to contact me on 021-9768858 or salma@isikolo.net

5.     PDE

PDE4:

ü  interns should take the exam in the 2nd year after date of 1st registration, i.e. months 13-24, but only after their logbook has been submitted and accepted by the EAAB- they receive a formal letter from the EAAB to confirm compliance. They also need their NQF4 SSeta certificate of compliance.

o     Hence interns should not wait to embark on their qualifications after the logbook has been done as this prolongs the internship period. The 2 must be done simultaneously.

ü  Full status agents:  they need to complete the exam as soon as they have received their qualification [unless they were exempt i.t.o. the 2003-2008 ruling]

ü  Prospective principals; must have completed the PDE4 exam before they can become principals.

PDE5: 

ü  only current principals need to do this exam [unless they were exempt i.t.o. the 2003- 2008 ruling]

ü  new principals must take the exam within the 1st 24 months after receiving a principal FFC

ü  No one else but principals, can write the PDE5.

6.     ISIKOLO FACILITATED SESSIONS

We now offer facilitated sessions in the following areas:

       Durbanville; main venue

       Pinelands: IEASA

       Mossel Bay

       Port Elizabeth

Note: We also facilitate sessions at venues requested by corporate groups of 10 people or more. For more information contact Nantes on 082 533 1707 or info@isikolo.net

7.     SSETA CERTIFICATES

There are many unclaimed NQF4/5 certificates at our offices.  Please contact Lana, our SSeta liaison officer admin@isikolo.net . Many people change their email addresses and don’t advise us accordingly.

·         We now have a 3-6 months turnaround time for certificates!

8.     AUDITS

Needless to say most principals will be submitting their final audit reports. Reminder- you need to advise the EAAB when you have a change of auditor – otherwise your audit will be rejected.

Finally, we wish to thank everyone for their continued support.

You are welcome to share the newsletter with anyone who could benefit from it.

At iSiKolo real estate training is our passion. Don’t hesitate to contact us if you have queries in this regard.

Follow our blogs on our website and Facebook page.