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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.

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

In Memory of the Founding Father The Namibia Estate Agents Board joins the nation in mourning the passing of His Excellency Dr. Sam Shafiishuna Nujoma, the Founding President of the Republic of Namibia. His visionary leadership and unwavering dedication have left an indelible mark on our country. As we reflect on his life and contributions, we honor a man whose courage and commitment laid the foundation for Namibia's independence and growth. Born on May 12, 1929, in the Oshana Region of Namibia, Dr. Sam Nujoma's journey from a young activist to a national hero was defined by resilience and an unyielding spirit. As the leader of the South West Africa People's Organization (SWAPO), he played a pivotal role in the liberation struggle against colonial rule and apartheid. His leadership galvanized a movement and united a nation under the banner of freedom and self-determination. In 1990, Dr. Sam Nujoma became the first President of an independent Namibia, guiding the country through its formative years with a focus on nation-building, reconciliation, and socio-economic development. His presidency was marked by efforts to foster unity among diverse communities and to establish democratic institutions that continue to uphold Namibia's stability and progress. Beyond his political achievements, Dr. Sam Nujoma was a symbol of perseverance and hope. His legacy transcends borders, inspiring freedom movements and leaders across Africa and the world. His life's work is a testament to the power of determination and the enduring impact of visionary leadership. As Namibia mourns the loss of its founding father, the Namibia Estate Agents Board celebrates the remarkable life of His Excellency Dr. Sam Shafiishuna Nujoma. His legacy will forever live on in the hearts of Namibians and the annals of history as a beacon of freedom, unity, and national pride. May his soul rest in eternal peace. Namibia Estate Agents Board (NEAB)

On February 4, 2025, the Namibia Estate Agents Board (NEAB) and the Financial Intelligence Centre (FIC) convened a pivotal collaboration discussion session aimed at enhancing compliance and fostering stronger partnerships within Namibia’s real estate sector. The session provided a dynamic platform for both organizations to engage in meaningful dialogue, addressing key regulatory challenges and exploring effective strategies to combat financial crimes, including money laundering and the financing of terrorism. The discussions emphasized the critical role of estate agents in upholding financial integrity and adhering to Anti-Money Laundering (AML), and Countering the Financing of Terrorism (CFT) regulations. Key highlights from the session included: Regulatory Updates:  The FIC provided updates on current AML/CFT regulations and compliance expectations for estate agents. Risk Management Strategies:  NEAB and FIC discussed best practices for risk assessment and mitigation within the real estate industry. Capacity Building:  Both institutions emphasized the importance of continuous training and awareness programs to equip estate agents with the necessary knowledge and tools to identify and report suspicious activities effectively. The collaborative session underscored the shared commitment of NEAB and FIC to safeguard Namibia’s financial system and promote ethical practices within the real estate sector. Moving forward, both entities pledged to strengthen their partnership through regular engagements and joint initiatives, ensuring that estate agents remain well-informed and compliant with national and international financial regulations. Stay tuned for more updates on future collaborative efforts and compliance initiatives within the real estate industry. #NEAB #FIC #NamibiaRealEstate #ComplianceMatters #AML #CFT #FinancialIntegrity #RealEstateRegulations

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: 03rd February 2025 - Online registration closes: 20th March 2025 - Online examination date: 29th March 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 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

NEAB Office Closure Notice for the Festive Season As the festive season approaches, the Namibia Estate Agents Board (NEAB) would like to inform all stakeholders, estate agents, and the public that our office will be closed from Thursday, 19 December 2024, to Wednesday, 08 January 2025 . We will reopen and resume normal operations on Thursday, 09 January 2025 . During this time, we encourage everyone to take a well-deserved break, spend quality time with loved ones, and enter the new year with renewed energy and inspiration. Should you have any urgent matters, please ensure they are attended to before the closure. The NEAB team wishes you a joyous festive season filled with happiness, peace, and prosperity. We look forward to serving you again in 2025! Warm regards, Namibia Estate Agents Board (NEAB)

Overview At NEAB, we constantly strive to improve our services and provide a seamless experience for our valued customers. We are thrilled to announce the migration of your data to our newly upgraded system. This new system ensures efficient and effective email and SMS communication with all estate agents and agencies. In addition, it introduces the convenience of applying for and receiving electronic certificates, making the process faster, more reliable, and environmentally friendly. More information will be shared on this process with all stakeholders.   What You Need to Know Some agents may have already received an email or SMS from the new system regarding their registration and new enrolment number as part of this migration.   Key Benefits of the New System Streamlined Communication We can now reach you more effectively, whether it’s through email or SMS, ensuring you stay informed and up to date. Electronic Certificates and Yearly Renewals With this new system, we will be able to issue electronic examination pass certificates, induction training certificates, and FFC Certificates. You will also be able to renew your yearly non-practicing member membership online. More will be shared when this service becomes available for all agents and agencies.   Next Steps Check Your Email or SMS:  If you’ve received a notification about your enrolment number, please take a moment to verify and save it for future reference. Need Help?  If you have questions or face any issues, please contact us at info@neab.co.na or +264 61 249 885 .   We’re excited about the opportunities this new system brings and are confident it will significantly enhance your experience with NEAB. Thank you for being a part of this journey with us. Stay tuned for more updates as we continue to innovate and improve! NEAB

The Namibia Estate Agents Board (NEAB) has had a dynamic and impactful second half of 2024! From key legislation updates to stakeholder engagements, training workshops, and international benchmarking, NEAB continues to transform Namibia’s property sector. Quarter 3 Highlights: NEAB participated in the Ongwediva Annual Trade Fair  and Zambezi Bream Festival , fostering stakeholder engagement and cultural connections. The Property Practitioners Act  was tabled in Parliament, signaling a new era for Namibia's real estate industry. Workshops, including NEAB’s 3rd Induction Training, provided new estate agents with essential skills and knowledge. Quarter 4 Highlights: The Property Practitioners Act, 2024 , was signed into law, establishing the Property Practitioners Regulatory Authority to oversee and regulate Namibia’s property sector. Legal training workshops in Ongwediva, Swakopmund, and Windhoek empowered agents and the public with practical insights into real estate law. NEAB benchmarked best practices from South Africa’s PPRA to ensure a smooth transition under the new regulatory framework. Download our Q3 and Q4 newsletters by clicking on the button below for more details. Stay connected and join us in shaping a fair, secure, and efficient property market in Namibia! #NEAB #RealEstate #PropertyPractitionersAct #NamibiaRealEstate #Professionalism #ConsumerProtection

From December 12-13, 2024, the Namibia Estate Agents Board (NEAB) is visiting South Africa’s Property Practitioners Regulatory Authority (PPRA) . Led by Chairperson Ms. Marvel Tjombonde , Board Member Mr. Simeon Kahona , and Manager Mr. Festus Unengu , this initiative aligns with the recently signed Property Practitioners Act, 2024 (Act No. 11 of 2024), which sets the stage for Namibia’s Property Practitioners Regulatory Authority.   The visit focuses on gaining insights into the South Africa PPRA’s: Regulatory frameworks, Stakeholder engagement, Compliance enforcement, Consumer protection, and Capacity building. These learnings will guide NEAB’s transition to a robust authority that enhances professionalism and transparency in Namibia’s real estate sector. This benchmarking exercise is a stepping stone toward establishing a regulatory authority serving Namibians. Stay tuned for updates as NEAB works to transform Namibia’s property landscape. #NEAB #BenchmarkingVisit #PPRA #RealEstateNamibia #PropertyPractitioners

The Property Practitioners Act establishes a comprehensive legal framework to regulate the property sector in Namibia. Central to its provisions is the creation of the Property Practitioners Regulatory Authority, replacing the Namibian Estate Agents Board. The Authority will supervise property practitioners' certification, registration, and behavior, guaranteeing adherence to regulations, responsibility, and consumer protection. According to a broad definition, "property practitioners" are individuals or organizations that sell, lease, manage, or assist in transactions involving businesses or real estate. Attorneys practicing law within their scope of practice are immune from registration as long as they follow the rules and refrain from receiving commissions. Board Members Appointment The Minister appoints seven members to the Board that oversees the Regulatory Authority. The Board is in charge of creating policies, supervising finances, and running the Authority's operations. Board members come from a variety of backgrounds, including law, the financial sector, and real estate development. Those with a criminal record, insolvency, or conflicts of interest are strictly prohibited from serving on the board. The Authority is tasked with overseeing practitioners, managing the Fidelity Fund, enforcing ethical standards, looking into wrongdoing, and educating consumers. Additionally, it guarantees fair access to the real estate market, especially for underprivileged populations, and provides the Minister with yearly reports that include information on its activities, financial standing, and registered practitioners. Financial Provisions Financial provisions under the Act require the Authority to source funds from membership fees, fines, Parliamentary appropriations, and other lawful means. The funds are used exclusively for operational costs, with surplus funds invested in registered Namibian financial institutions. Annual financial statements must be prepared, audited, and submitted to the Minister and National Assembly. Similarly, the Fidelity Fund, formerly the Estate Agents Fidelity Fund, is funded through fees, interest, and recoveries, and is managed to compensate individuals suffering losses due to practitioner misconduct. Claims must be filed within three years, with exclusions for losses involving close family or business associates. The Fund is exempt from taxes and can be insured against potential claims.   Property Practitioners Registration The Act makes registration mandatory for property practitioners, barring unregistered individuals or entities from engaging in property transactions. Applicants must meet eligibility criteria, including Namibian residency or valid work permits, prescribed training, and evidence of good character. Disqualifications include insolvency, dishonesty, or prior misconduct. Registered practitioners must pay annual membership fees and comply with qualification requirements to avoid suspension or revocation. A public register of practitioners is maintained, serving as evidence of their registration status. Non-compliance, including operating without registration, attracts fines, imprisonment, or both. Fidelity Fund Certificate The requirement for a valid Fidelity Fund Certificate is a cornerstone of the regulatory framework. Practitioners must apply for the certificate, which is processed within 30 working days, provided all requirements are met. The certificate is a prerequisite for receiving remuneration, and failure to comply can lead to severe penalties, including fines, imprisonment, and repayment of commissions received unlawfully. Practitioners are required to display their certificates prominently and update the Authority on any changes to their details. Certificates may be revoked or lapse due to disqualifications, legal prohibitions, or changes in legal status, such as insolvency or death. Trust Account Trust account management is another critical aspect of the Act. Property practitioners must maintain separate trust accounts for client funds and appoint auditors to oversee these accounts. Surplus funds may be invested, but earned interest must be remitted to a designated fund. Practitioners are obligated to retain detailed accounting records, balance accounts monthly, and submit annual audit reports. Non-compliance, including improper use of trust funds or failure to maintain accounts, results in penalties. Practitioners ceasing operations must appropriately wind down their trust accounts and transfer unclaimed funds to the Fidelity Fund after specified periods. Consumer Protection and Ethical Conduct Consumer protection and ethical conduct are emphasized throughout the Act. Practitioners are prohibited from engaging in misleading practices, conflicts of interest, or activities that harm consumers. A code of conduct, reviewed annually by the Authority, governs professional behavior. Franchised practitioners must disclose their franchise status, and clients cannot be compelled to use specific services. Advertising and marketing practices are regulated to ensure fairness and transparency. Violations attract sanctions, including fines, revocation of registration, or public reprimands. Appointment of Inspectors The Authority is empowered to appoint inspectors to ensure compliance with the Act. Inspectors can conduct investigations, enter premises, and seize documents when necessary. While private residences require a search warrant, immediate action can be taken without a warrant in certain circumstances. Inspectors must follow strict procedures, including respecting privacy and dignity, and may request High Court intervention in cases involving privileged information. Inspectors are authorized to use reasonable force, assisted by police officers, if resistance is encountered during searches. Disclosure Form The Act introduces mandatory disclosure requirements for property transactions. Sellers and lessors must complete a disclosure form, which is attached to sale or lease agreements and shared with buyers or lessees. Non-compliance may result in liability for damages or sanctions by the Authority. The Act also provides mechanisms for exemptions, appeals, and dispute resolution. Exemptions are granted based on public interest considerations and appeals against decisions of the Authority can be directed to an Appeal Board or the High Court. Conclusion In summary, the Property Practitioners Act modernizes Namibia's property sector by implementing stringent regulatory measures to promote transparency, accountability, and equitable practices. It aims to protect consumers, enhance professional standards, and ensure fair participation in the property market. By establishing robust compliance mechanisms, the Act seeks to foster trust, stability, and growth in the property industry.

The Property Practitioners Act, 2024 (Act No. 11 of 2024) was signed into law by His Excellency The President of Namibia. This represents a transformative step for Namibia's property industry, repealing the outdated Estate Agents Act of 1976 and establishing the Property Practitioners Regulatory Authority . This Authority will oversee all property practitioners, including estate agents, property developers, auctioneers, and property managers, ensuring comprehensive regulation and consumer protection. Key features include the issuance of Fidelity Fund Certificates to safeguard consumer funds and expanded governance structures under the Public Enterprises and Governance Act of 2019. The Bill aligns Namibia’s property sector with international standards, addressing current and future challenges while fostering transparency and accountability. This consumer-centric legislation emphasizes protecting clients' most valuable assets—their properties. By broadening the scope of certification to encompass all property practitioners, the Bill enhances the legal and institutional framework, ensuring that the sector is responsive to modern realities. With these improvements, the Property Practitioners Act aims to establish a fair, secure, and efficient property market, providing a solid foundation for consumer confidence and trust.