A person who, as from the effective date, intends to become an estate agent:
| (1) |
must serve as an intern estate agent, under the supervision of a principal estate agent, for a continuous period of 12 months from the date of the first issue to that person of an intern fidelity fund certificate by the Board. |
| (2) |
In the event of an intern estate agent being absent from the service contemplated in sub-regulation (1), for any reason whatsoever, for a continuous period exceeding 30 days during the compulsory internship period: |
| (a) |
the number of days of absence exceeding 30 days; and |
| (b) |
an additional number of days amounting to one half of the period of absence from service exceeding 30 days, |
will be added to the compulsory internship period.
| (3) |
In the case of an intern estate agent having failed to comply with the educational requirements contemplated in regulation 4 during the compulsory internship period contemplated in subregulation (1), the internship period must be extended for a further period until such time as the intern estate agent has duly complied with educational requirements, after which a full status fidelity fund certificate may be issued to the intern estate agent by the Board. |
| (4) |
An intern estate agent may not perform any act as an estate agent unless the intern estate agent: |
| (a) |
has duly disclosed in all printed material relating to the intern estate agent's activities as an estate agent, excluding authorized advertisements in the press, that the intern estate agent is an intern estate agent; |
| (b) |
is acting under the active supervision and control of a principal estate agent or of an estate agent who has continuously held a valid fidelity fund certificate issued by the Board for a period of not less than 3 years. |
| (5) |
An intern estate agent may not: |
| (a) |
in any way, directly or indirectly, hold himself or herself out as someone who or advertises that he or she has complied with the educational requirements contemplated in regulation 4; |
| (b) |
in any manner act or hold himself or herself out as a full status estate agent; or |
| (c) |
in his or her capacity as an intern estate agent, complete or draft any documentation relating to any transaction negotiated by him or her in his or her capacity as an intern estate agent, otherwise than in the presence of a principal estate agent or an estate agent contemplated in sub-regulation (4)(b), and who certifies on the documentation in question that the said documentation has been completed in his or her presence. |
Basic Conditions of Employment Act, 1997
