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Consumers are warned only to use the services of estate agents registered with the NEAB and possessing valid fidelity fund certificates.
When doing business with an estate agent/agency, consumers must ensure that the firm is registered with NEAB and has been issued a valid fidelity fund certificate for the year in question.
NB!!! PLEASE MAKE SURE OF THE FOLLOWING BEFORE HANDING OVER TRUST MONEY DIRECTLY TO AN ESTATE AGENT
Firstly, ensure the estate agent is registered with NEAB and possesses a valid fidelity fund certificate.
Then, ensure that the estate agent is employed by a firm registered with the NEAB and has an active trust account held at a registered bank in Namibia and that the trust money will be deposited into such trust account.
If unsure whether an estate agent or firm is registered with the Namibia Estate Agents Board, consumers are urged to contact us on 061 249885 or 0811221828 to confirm the estate agent's or firm's registration status before doing business or handing over trust money.
TRUST MONEY MEANS
Money entrusted to an estate agent in his/her capacity as an agent;
Money collected or received by an estate agent and payable in respect of or on account of the sale, purchase, letting, hiring, market, or managing of immovable property; or
Any other money, including insurance premiums, collected or received by an estate agent and payable in respect of any immovable property, business undertaking, or contract for the building or erection of any improvement on immovable property.
For media enquiries, email to supervisor@neab.co.na
Authorized by Mr. F.S. Unengu
Manager: Namibia Estate Agents Board
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