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Prohibition of Rendering of Services as an Estate Agent

Notice to all stakeholders and the public in general

Prohibition of rendering services as an estate agent

The primary mandate of the Namibia Estate Agents Board (NEAB) in terms of the Estate Agents Act 112 of 1976 as amended is to:

(a) Maintain and promote the integrity of estate agents having due regard to the public interest;

(b) Issue a Fidelity Fund Certificate to qualifying applicants;

(c) Prescribe the standard of training of estate agents; and

(d) Investigate complaints and institute disciplinary proceedings against registered estate agents on alleged misconduct in terms of the Act.

Section 26 of the Estate Agents Act 112 of 1976 inter alia provides that NO person shall perform any act as an estate agent unless:-

(a) a valid Fidelity Fund Certificate has been issued to him, and to every person employed as an estate agent by him; and, if such person a person is a company, to every director of such company; and if such person is close corporation, to every member of such close corporation.

If there is any doubt as to whether or not an estate agent is registered with the Board or has been issued with a valid Fidelity Fund Certificate, stakeholders or the public should not hesitate to contact the Namibia Estate Agents Board at 061-249885 or to verify the registration status of the estate agent.

All stakeholders and members of the public dealing with estate agents should require from the estate agent to present their valid Fidelity Fund Certificate for the particular year as issued by the NEAB before any such person is engaged. Registered Estate Agents are also issued with ID Cards for that particular year. Failure by the estate agent to furnish the requisite proof of registration shall disqualify those estate agents from rendering any estate agency services and earning any commission/remuneration on the relevant transaction.


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