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Dear Esteemed Clients,   The Namibia Estate Agents Board (NEAB) extends its sincere gratitude for your continued support and partnership. NEAB wishes to formally communicate an important update regarding adjustments to our fee structure. After careful consideration and benchmarking against regional standards, the Board has determined that a fee increment is necessary to ensure the continued delivery of high-quality services and to maintain operational efficiency.   Fee Adjustment Background The last adjustment to our fee structure was implemented in 2015. Over the past decade, the NEAB has strived to enhance its services, introduce new initiatives, and improve regulatory frameworks to better serve the real estate industry. However, the current fee structure no longer reflects today's economic realities, necessitating this adjustment.   Key Reasons for the Fee Increment Inflationary Pressures : The cumulative effect of inflation since 2015 has eroded the value of the current fees, making it challenging to sustain the quality of services provided.   Increased Cost of Service Delivery : The NEAB has introduced several improvements, including enhanced training programs, streamlined regulatory processes, and upgraded technological systems, all of which require additional resources.   Regional Benchmarking : A comparative analysis of fees in neighboring countries, such as South Africa and Zimbabwe, reveals that Namibia's fees remain below regional averages despite the higher costs associated with delivering comparable services.   Value Proposition The fee adjustment will enable the NEAB to: Continue providing  high-quality regulatory oversight  to maintain industry standards. Invest in  advanced training programs  for estate agents to enhance professionalism and compliance. Improve  operational efficiency  through upgraded systems and processes. Introduce  new services  that benefit both estate agents and their clients.   Sensitivity and Empathy We understand that fee adjustments may raise concerns, and we empathize with the potential impact on your operations. Please rest assured that this decision was not taken lightly. The NEAB remains committed to supporting the real estate industry and ensuring that the fee structure is fair, transparent, and aligned with the value we deliver.   Effective Date The new fee structure's effective date will be shared with you once it has been Gazetted. A detailed breakdown of the adjusted fees will be shared in the coming months, along with additional resources to help you understand the changes.   Next Steps We will host  informational webinars  to address any questions or concerns you may have. A comprehensive  FAQ document  will be made available on our website and shared via email. Our team is available to provide  personalized support  to ensure a smooth transition. Conclusion The NEAB remains dedicated to advancing Namibia's thriving and professional real estate industry. This fee adjustment is necessary to ensure that we can continue to meet the evolving needs of our stakeholders and maintain the highest standards of service delivery.   We appreciate your understanding and continued support. Should you have any questions or require further clarification, please do not hesitate to contact us at info@neab.co.na Yours Sincerely, Mr. Festus Unengu Manager: Namibia Estate Agents Board

The Namibia Estate Agents Board (NEAB) is pleased to announce its participation in an upcoming Information Sharing Workshop  in collaboration with the Namibian Police (NAMPOL) . This important event will take place on Wednesday, 11 June 2025 , at the Tamariskia Community Hall  in Swakopmund , Erongo Region. The workshop will start promptly at 15:00 PM . This initiative, led by NAMPOL, is aimed at strengthening cooperation between regulatory bodies and the public to promote transparency, public awareness, and knowledge-sharing in the real estate sector. The workshop is open to all members of the public and is free of charge . Attendees will have the opportunity to learn more about the mandate of NEAB, how the real estate industry is regulated in Namibia, and what to look out for when dealing with estate agents. Participants will also be able to engage directly with representatives from NEAB and NAMPOL. NEAB encourages everyone—whether you're a homeowner, prospective buyer, tenant, or simply interested in how the property market operates—to join this insightful session. Event Details: Date:  Wednesday, 11 June 2025 Time:  15:00 PM Venue:  Tamariskia Community Hall, Swakopmund Admission:  Free and open to the public We look forward to seeing you there! #NEAB #NAMPOL #RealEstateNamibia #CommunityWorkshop #Swakopmund #PropertyAwareness

GENERAL NOTICE EXAMINATION IN ACCORDANCE WITH GOVERNMENT NOTICE R1409 OF 1 JULY 1983 (as amended) Please note that the NEAB will conduct examinations in accordance with Government Notice R1409 of 1 July 1983 (as amended). The NEAB ONLINE ESTATE AGENTS’ EXAMINATION details are as follows: - Online registration starts: 01st May 2025 - Online registration closes: 20th June 2025 - Online examination date: 28th June 2025 a. Online Registration Process i. Visit NEAB website ( https://www.neab.co.na/ ) ii. Click on Online Exam Registration b. Examination fees payable are as follows (Exam Registration & Study Material): Total Costs: N$ 2,200.00 ( NO REFUNDS ) c. Enquiries: i. Telephone Number: 061 – 249 885 / 081 122 1828 ii. Email: supervisor@neab.co.na / admin2@neab.co.na d. Compulsory Induction Training: Compulsory Induction training in line with section 8( c ) of the Estate Agents Act 112 of 1976 will be conducted after passing the examination; Festus Unengu Manager: Namibia Estate Agents Board

Preparing for Future Success!! On Friday, 25 April 2025, the Namibia Estate Agents Board (NEAB) hosted its second induction training session for the year to equip newly passed candidates with the knowledge required for professional practice. Mr. Festus Unengu , NEAB Manager, facilitated the session, while Ms. Liberty Ithete , Chairperson of the NEAB Education Committee, addressed the successful examination candidates. A keynote address was delivered by Mr. Salom Haidula from the Ministry of Industrialisation and Trade, who highlighted the importance of ethical standards and the role of estate agents in national development. The session also featured presentations from key stakeholders, including: Financial Intelligence Centre (FIC) First National Bank (FNB) City of Windhoek (CoW) Public Accountants’ and Auditors Board (PAAB) NEAB extends its gratitude to all participants and partners for contributing to the continued growth and professionalism of the real estate industry in Namibia. #NEABInduction2025 #NamibiaRealEstate #FutureEstateAgents #ProfessionalGrowth #RealEstateTraining #IndustryLeaders #NEAB #EstateAgentsNamibia #RealEstateSuccess

On Wednesday, 23 April 2025, Mr. Festus Unengu, Manager of the Namibia Estate Agents Board (NEAB), delivered a presentation at the Financial Crimes and Money Laundering Investigation Course hosted by the Namibian Police Force (NAMPOL). The session formed part of a specialized training program aimed at enhancing the investigative skills of NAMPOL investigators and detectives. Mr. Unengu’s contribution focused on the role of estate agents in financial transactions and the importance of compliance with anti-money laundering regulations. The NEAB remains committed to supporting national efforts to combat financial crimes by fostering transparency and cooperation within the real estate sector. #NEAB #FinancialCrimes #MoneyLaunderingPrevention #NAMPOL #RealEstateCompliance

INVITATION TO ALL ESTATE AGENTS AND AGENCIES Key Topics Include 1. Compliance Assessment Observations 2. Sanction Name Match Activity (SNMA) Reporting 3. STR/SAR Reporting Behaviour 4. Namibia Grey listing Update 5. AOB Join Meeting Here: https://teams.microsoft.com/l/meetup-join/19%3ameeting_YTUwNDBmNzQtMmQ3Ni00MzU5LThhY2MtN2Q4ZDdhODgzZjI2%40thread.v2/0?context=%7b%22Tid%22%3a%22825eab69-3cb1-4fb1-b171-d59088f5e632%22%2c%22Oid%22%3a%22ca63ae23-7b9b-47ea-8d8a-a5e1c247f788%22%7d Please contact Marvelous Ngarizemo at 061 - 285 0015 regarding the above session.

INVITATION TO ALL ESTATE AGENTS AND AGENCIES The Financial Intelligence Centre (FIC) cordially invites all estate agents, agencies, and nonpracticing members to attend the Real Estate Agents Sectoral Meeting on 15 April 2025. Agenda Items 1. Compliance Assessment Observations 2. Sanction Name Match Activity (SNMA) Reporting 3. STR/SAR Reporting Behaviour 4. Namibia Grey listing Update 5. AOB Meeting Date, Time, and Venue Date: 15 April 2025 Time: 09:30 to 11:30 Venue: Microsoft Teams MS Teams Link: https://teams.microsoft.com/l/meetup-join/19%3ameeting_YTUwNDBmNzQtMmQ3Ni00MzU5LThhY2MtN2Q4ZDdhODgzZjI2%40thread.v2/0?context=%7b%22Tid%22%3a%22825eab69-3cb1-4fb1-b171-d59088f5e632%22%2c%22Oid%22%3a%22ca63ae23-7b9b-47ea-8d8a-a5e1c247f788%22%7d Please contact Marvelous Ngarizemo at 061 - 285 0015 regarding the above session.

The Namibia Estate Agents Board (NEAB)  is seeking a highly skilled and proactive Accountant  to join our Administrative and Finance Division . If you have a passion for financial integrity and compliance, we encourage you to apply.

Protect Your Investment!! 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 #NEAB #EstateAgentsNamibia #ConsumerProtection #TrustMoney #RealEstateSafety #FidelityFund

In Memory of the Founding Father On 11 February 2025 , Mr. Festus Unengu , the Manager of the Namibia Estate Agents Board (NEAB) , visited the residence of His Excellency Dr. Sam Shafiishuna Nujoma , Namibia’s Founding Father, to pay his respects following the nation’s loss. Mr. Unengu solemnly signed the book of condolences , extending his heartfelt sympathies to the family and the people of Namibia. He acknowledged Dr. Sam Nujoma’s unparalleled contribution to the country’s independence, development, and national identity. As the country unites in mourning, the NEAB stands in solidarity with all Namibians in honoring the profound legacy of His Excellency Dr. Sam Shafiishuna Nujoma . #RememberingNujoma #LegacyOfAStatesman Namibia Estate Agents Board (NEAB)

Preparing for Future Success!! On February 7, 2025, the Namibia Estate Agents Board (NEAB) proudly hosted its first induction training workshop for candidates who successfully passed their Principles of Real Estate Online Examination in December 2024. This milestone event marked the beginning of an exciting journey for aspiring estate agents in Namibia, equipping them with the necessary knowledge and skills to thrive in the real estate industry. The induction was a collaborative effort, bringing together key industry stakeholders, including the following: City of Windhoek (COW), Business and Intellectual Property Authority (BIPA), First National Bank (FNB), Financial Intelligence Centre (FIC), and the Public Accountants and Auditors Board (PAAB). Their involvement provided invaluable insights and guidance, reflecting the comprehensive approach NEAB takes in preparing new professionals for the field. The event commenced with warm welcoming remarks from Ms. Liberty Ithete , Board Member and Chairperson of the Education Committee, who emphasized the importance of continuous learning and professional integrity in the real estate sector. The keynote address, delivered by a distinguished representative from the Ministry of Industrialization and Trade , highlighted the critical role estate agents play in Namibia’s economic development and the importance of adhering to industry standards and regulations. Mr. Festus Unengu , Manager of NEAB, expertly facilitated the training workshop. His dedication ensured that all candidates received thorough and practical information essential for their registration as estate agents. The interactive sessions provided a platform for participants to engage with industry leaders, ask pertinent questions, and gain a deeper understanding of the regulatory and operational landscape of real estate in Namibia. This induction workshop not only celebrated the achievements of the new candidates but also reinforced NEAB’s commitment to fostering a well-informed, ethical, and professional real estate community in Namibia. Congratulations to all the inductees, and we look forward to witnessing your growth and success in the industry. #NEABInduction2025 #NamibiaRealEstate #FutureEstateAgents #ProfessionalGrowth #RealEstateTraining #IndustryLeaders #NEAB #EstateAgentsNamibia #RealEstateSuccess