Dr Andrew Golding talks on Rebosa and other developments.

UPDATE ON IEASA AND REBOSA

The importance of further professionalisation of the industry continues to be high on the

property list of real estate industry focussed organisations, particularly in the light of recent

adverse publicity. Furthermore, it remains an important priority for the industry in general to

organise itself in properly organised and representative groups in order to successfully lobby

and influence decision makers and law makers about any current or future regulatory

amendments or changes.

To this end, as has been previously communicated and in line with NEDLAC

recommendations, in order to properly represent the residential real estate industry at the

highest levels of government and other decision making entities, a decision was taken to

create two separate entities within the real estate profession, one representing business

owners and principals, called REBOSA (Real Estate Business Owners of South Africa) and

a second organisation representing the interests of "labour" (estate agents and employees).

Significant progress has been made in this regard, firstly in respect of REBOSA. Off the

back of a nationwide series of road shows where significant support was garnered, the name

has now been registered and is awaiting registration at CIPC (Companies & Intellectual

Property Commission). Furthermore, a draft code of conduct and a constitution have been

compiled and are currently under review by the interim national steering committee.

As far as the other organisation representing labour is concerned, a decision was taken at a

special board meeting of the national Institute of Estate Agents of South Africa (IEASA) to

evolve and transform itself into a new association to be called the Property Practitioners of

South Africa (PPSA^and represent the interests of estate agents and employees ie. labour.

It is furthermore the intention of both REBOSA and PPSA to be fully inclusive and as far as

possible represent the interests of the full range of all constituents in the residential property

industry in South Africa.

Furthermore, and to complete the organisational picture, and given the many common points

of interest relating to both labour and business, it is the intention of both REBOSA and PPSA

to form a joint committee comprising elected members from each organisation to address

these issues from time to time and when appropriate .

Finally, once formed and registered with the Department of Labour, both associations will

work together to form a professional body for real estate by registering with SAQA (South

African Qualification Authority) where professional designations will be housed for both

employers and employees. In this way both REBOSA and PPSA will be jointly responsible

for this aspect of the professionalisation of the real estate industry.

For further information, email Pam Snyman at pam@ieasa.org.za, or contact Dina Porteus,

co-ordinator@rebosa.co.za.

Ends

Caption: Dr Andrew Golding, national president of IEASA