Who is EARB?
Estate Agents Registration Board (EARB) is the regulatory body for estate agency practice in Kenya and it derives its mandate from Estate Agents Act, 1984 Cap 533 which was operationalized in 1987.
Who is an Estate Agent
An Estate Agent refers to any one individual that is involved in selling and renting out buildings and land. A person whose job is to arrange the sale, renting or management of homes, land and buildings for the owners
Why Join EARB?
Only EARB registered and licensed Estate Agents with a current practicing annual certificate can conduct Estate Agency.
Estate Agents Registration Board (EARB) is the regulatory body for estate agency practice in Kenya and it derives its mandate from Estate Agents Act, 1984 Cap 533 which was operationalized in 1987. As per the provisions of the Act, the Board is charged with the responsibility of registering estate agents and ensuring that the competence and conduct of practicing estate agents are of a standard sufficiently high to ensure the protection of the public
The Board shall be charged with the responsibility of registering estate agents ensuring that the competence and conduct of practising estate agents are of a standard sufficiently high to ensure the protection of the public’
The Board has the power to:
- Discipline practising estate agents
- Remove from the register practising estate agents
- Reinstate into the register practising estate agents
- Set prescribed rules and regulations
- Exercise the powers conferred, and perform the duties imposed, upon the Board by the provisions of the Act.
The real estate sector in Kenya has experienced phenomenal growth over the period that the Act has been in operation and this growth has come with various challenges. Key among the challenges has been the entry into the market of a high number of unlicensed persons operating as estate agents, defrauding the public and the government.
The Board thus commissioned the preparation of the strategic plan 2013 – 2017 with the overall goal of undertaking legal and institutional reforms aimed at improving the effectiveness of the Board in the regulation of the estate agency practice in Kenya. In addition, the plan is intended to enable the Board to serve its members and the society better. In preparing the strategic plan, the board developed its vision and mission statements, and the core values which will guide its future activities in order to remain relevant both locally and globally.
The key objectives set for the planning period include the review of the Estate Agents Act, boosting of membership, enforcement and ensuring of compliance to the Act, creating public awareness and recognition of the Board’s functions, enhancement of institutional capacity of the Board and the development of collaborations and linkages with partners in other sectors. The Board looks forward to attaining these objectives by 2017 as per the implementation plan.
Functions of a Registered Agent
- Management of immovable property or of any house, shop or other building forming part thereof, of any of the following acts
- Bringing together, or taking steps to bring together, a prospective vendor, lessor or lender and a prospective purchaser, lessee or borrower; or
- Negotiating the terms of sale, mortgage, charge or letting as an intermediary between or on behalf of either of the principals.
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Estate Agents Registration Board is under the Ministry of Lands & Physical Planning