Estate Agents Council of Zimbabwe

Get ready for the real estate event of the year – the 2024 Zimbabwe Property Expo brought to you by the Africa Exhibition Group in partnership with the Estate Agents Council. On October 4th and 5th, the heart of Harare will come alive as industry leaders and innovators converge at the Celebration Centre. Whether you are a real estate agent, director, or property sales negotiator, this is your chance to showcase your brand, connect with qualified leads, and position yourself as a trailblazer in Zimbabwe’s booming property market. For more information on this opportunity, reach the EAC Secretariat. Email: [email protected]

Estate Agents House official opening in pics!

Hon. Ziyambi urged all stakeholders to collaborate with in promoting a culture of professionalism and ethical conduct.

Hon. Ziyambi avowed that has a significant responsibility to registered estate agents and the public it serves. must align its activities with the principles of good governance and the rule of law, which are the cornerstone of a just society. It is also essential to ensure that the real estate market operates with transparency, fairness, and equity. Each transaction facilitated by bonafide estate agents should embody the country’s commitment to protecting the interests of Zimbabweans. It is vital to diligently safeguard citizens from unfair property pricing and excessive commissions, which contradict the reforms aimed at facilitating business operations and improving the ease of doing business in Zimbabwe.

Hon. Ziyambi further said the is more than just a physical building; it symbolises our commitment to creating a robust and transparent framework for estate agents and the countless individuals and families who rely on their services. The house serves as the epicentre for all estate agency operations, encompassing registration and licensing as well as dispute resolution and policy development amongst other functions. It is a space that encourages collaboration, innovation, and the sharing of best practices, creating an atmosphere that promotes the interests of all stakeholders in real estate.

Hon. Ziyambi said the recognises the vital role of the real estate sector in the country's developmental agenda and places greater emphasis on safeguarding property rights, as this facilitates economic development.

Minister of Justice, Legal, and Parliamentary Affairs Hon Ziyambi Ziyambi officially opened the . In his official remarks, Hon. Ziyambi said the Ministry of Justice, Legal and Parliamentary Affairs will continue to amend real estate legislative frameworks to foster a real estate sector that safeguards the public from unlawful and unregistered estate agents.

Speaking of justice, said the Deputy Minister of Justice, Legal and Parliamentary Affairs, Hon. Nobert T. Mazungunye, I must say that the has finally done justice to its image and profession! has a proper headquarters and a professional environment where it is accessible, can collaborate, innovate, and ultimately serve the people of Zimbabwe better.

Acting Permanent Secretary of Justice, Legal and Parliamentary Affairs, Mr. T.F. Godzi said the is charged with building a regulatory framework and profession anchored on integrity and professionalism, tenets quite crucial in a sector that often faces its fair share of challenges.

As we officially open the Estate Agents House, affirmed Nico Kuipa, let this space not only be a testament to our achievements but also a reminder of the hurdles yet to overcome. With the support of all stakeholders, including our Hon. Minister Ziyambi Ziyambi, we can ensure the Estate Agents House is a hub of professionalism and public protection. Together, we can create an environment where both our members and the public feel secure and valued.

"The has taken bold steps to enhance its efficiency and effectiveness by expanding its Secretariat structure. The Council has also fortified its fight against illegal and unregistered estate agents through a spirited media campaign," noted Nico Kuipa.

Our chairman, Nico Kuipa said: "We have successfully expanded our qualification modules and curriculum content for those aspiring to become Registered Estate Agents. We are fostering it through Continuous Professional Development programmes, which ensure that our registered agents remain at the forefront of industry standards and practices."

EAC Chairman, Nico Kuipa said: "As I reflect on our journey, I’m reminded of the words of Colin Powell: “A dream does not become reality through magic; it takes sweat, determination, and hard work.” We collectively toiled, sweated, and today, we celebrate a dream realized – a dream that began during the 2019 Kadoma Strategic Plan Workshop. Our goal, as clear then as it is today, was to establish a state-of-the-art corporate office that is easily accessible to registered agents and the public. And here we are, witnessing the fruit of our labour."

We are grateful that registered agents and the general public visited our Stand. We are so fortunate to have stakeholders like you!
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Capevalley Properties fined for illegally operating as an estate agent

A USD$200 fine was imposed on Capevalley Properties, a property development company, for operating as an estate agent without the required registration.

The company was accused of breaking the Estates Agents Act [Chapter 27:17], and lawyer Tafadzwa Ngoro represented the company.

The case concerned the unsanctioned selling of residential stands at Swallowfield Farm in Norton and was heard by Harare magistrate Ruth Moyo.

Capevalley Properties was hired by Isaac and Amos Chiduku, the farm’s joint proprietors, to oversee the construction and selling of the stands.

However, Capevalley Properties was not registered to operate as a real estate agent, according to an investigation conducted by the Estate Agents Council (EAC).

Despite this, the company collected fees from clients and landowners, which prompted EAC to report the incident to the Zimbabwe Republic Police.

The court fined Capevalley Properties after it was determined to have operated illegally.

The case emphasises how crucial it is to comply with the regulations of the EAC.

are meant to and candidates. Accordingly, should within their respective modules and work with the available instruments to candidates.

UZ Executive Director of Quality Assurance and Professional Development, Professor Emmanuel Chabata said starts with content development. As such, and need to be to the needs of candidates and provide them with the necessary support.

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EAC Chairman, Nico Kuipa said Examiners and moderators are responsible for , , and candidates' work within a set timeframe and are, therefore, essential to the delivery of results in each examination series.

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Cornelius Peter Mubi, Investment Officer, Tigere Properties, introduces the Tigere Property Fund (Tigere REIT) as a Real Estate Investment Trust (REIT) that is re-shaping commercial property investment and helping shape Zimbabwe’s future.

He posits that the Fund uses a deliberate and specialised investment strategy to build an income-based portfolio to benefit its unitholders.

Mubi further asserts that a key part of Tigere Property Fund’s vision is for Tigere’s investments to enhance Zimbabwe’s infrastructural and economic development while fostering inclusive capital growth and value preservation.

The Council) publishes the following hashtag on non-compliant firms (repeat offenders) in the public interest.

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EAC Chairman Nico Kuipa said the real estate sector has the potential to contribute substantially to Zimbabwe’s GDP, create employment opportunities, and provide shelter for Zimbabweans. However, there is a need for innovative financing mechanisms to unlock the sector’s full sector, and the introduction of REITS in Zimbabwe presents a unique opportunity for the real estate sector to address capital markets, increase transparency, and attract foreign investment.

Edson Muvingi of ZIMRE Property Services (Pvt) Ltd unpacks Real Estate Investment Trust (REIT) as a Regulated Investment Vehicle that enables the issuer to pool investor funds to invest in real estate.

First Mutual Properties Limited Managing Director Christopher Kudakwashe Manyowa believes that property development is a key driver for realising economic growth as it contributes to solving urbanisation problems.

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Together we can protect your from illegal and unregistered agents. Deal with registered agents only! Visit our Stand in Hall 1 for more information.

Are you curious about Zimbabwean real estate? Come explore everything at our stand in Hall 1.

Lizzy Mahembe advised real estate brokers to create clear customer acceptance policies and procedures that include a list of clients that are most likely to pose risks to an organization. The real estate agent should be aware that (i) no client may deal under a false or anonymous name, and (ii) no transaction may be carried out on behalf of or for the benefit of an individual whose identity has not been revealed or cannot be confirmed.

Real estate firms should make internal control investments to reduce money laundering, according to Lizzy Mahembe of the Financial Intelligence Unit. One of these measures is to train staff members and capacitate them to identify and report suspicious transactions.