Page 24 - Issue 22

24 Associations

requirement is a Degree in Real Estate
and the minimum required mentorship
period is two years Auctioneering is
another category and it requires a
minimum educational requirement
of a Certificate in Real Estate and the
minimum required mentorship period
is one year. The last one is Property
Management. It requires a minimum
educational requirement of a Degree in
Real Estate and the minimum required
mentorship period is two years.

Membership within REIB can be
honorary, full time, probationer, retired
or student membership. This however
comes at a reasonable cost. All new Mrs Lorato Masendu - Minnacle Academy
applicants will be admitted into REIB
membership without sitting for exams. Organiser of Women In Built Environment Coference
They have an annual subscription
fee of P375 for Student membership.
Probationer membership is P575 and
Full membership is P1000.Examinations
are held bi-annually, at a fee of P750.

REIB membership is essential and is
a requirement in order to obtain a
Real Estate Advisory Council (REAC)
Certification. In October 2003 the Real
Estate Professionals (REP) Act was
passed and the regulatory body for the
Real Estate Industry came into being as
the Real Estate Advisory Council (REAC).
In September 2009 the Regulations
were passed and the Act became
enforceable. Under the Act REIB became Ms Kedibonye Proctor-Registrar
a compulsory institution in order to gain Quantity Surveyors` Registration Council (QRSC)
membership of REAC which basically
means one must first become a full
member of REIB in order to apply for The Quantity Surveyors’ Registration to provide for the regulation of the
membership of REAC. In terms of the Act Council (QSRC) practice of Quantity Surveying and for
the penalty for advertising properties for matters incidental thereto.
sale without being a member of REAC is The Quantity Surveyors’ Registration Objectives of QSRC include:
3 years’ imprisonment or P50,000 fine.
Council (QSRC) is a professional ▪ Protect the interests of members of
There are other benefits from being regulation body the public in any dealings with QSs
established in terms of the Quantity ▪ Maintain the integrity of the profession
a member of REIB such as that the Surveyors’ Registration Act, 2013, to of Quantity Surveying
association has 25 years of rich ▪ Ensure compliance with set ethics and
experience in Botswana and the monitor and regulate
the activities and conduct of Quantity standards within the QS profession
opportunity to work with fellow Surveyors in Botswana. The QSRC came ▪ Encourage research and development
members in this business. You may get into effect in 2013 following the passing of the QS profession.
more information on this association of the Quantity Surveyors’ Registration ▪ To register and regulate QSs in
from their website www.reibbw.org and Act on the 4th of October 2013.The Act Botswana
Facebook Page .
established the Quantity Surveyors’ ▪ To be a Body of knowledge –
Registration Council with a mandate standardization

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