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The Property Practitioners Act

At some point, many of us will contemplate acquiring property to enhance our economic stature, given that property is a means to achieving financial independence.  This process is usually facilitated by an estate agent or, as they are known, Property Practitioners. The Property Practitioners Act 22 of 2019 (the Act) was promulgated and brought into existence to ensure a professionally concluded sales process; where assistance does not meet the threshold of professionalism as envisaged. Acco...
Estate Agency Affairs Fidelity Fund Certificate Property Practitioners Act Estate Agency Affairs Act Property Practitioners Property Sector Transformation Charter

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Compliance of the Prudent Property Practitioner

Property Practitioners, including Estate Agents, Candidate Estate Agents, and Property Managing Agents (“the Agents”), have for years been regulated by the Estate Agency Affairs Act, 112 of 1976 (“EAA”). However, as of 01 February 2022, this era has come to an end, with the enactment of the Property Practitioners Act, 22 of 2019 (“the Act”). The Act, expressly requires that in order to continue practicing as an Agent, a valid tax clearance certificate (“...
South Africa South African National Prosecution Authority Tax Administration Estate Agency Estate Agency Affairs

Permanent "Load-Shedding" for Non-Compliant Property Practitioners

Property Practitioners, including Estate Agents, Candidate Estate Agents, and Property Managing Agents (“the Agents”), have for years been regulated by the Estate Agency Affairs Act, 112 of 1976 (“EAA”). However, as of 01 February 2022, this era has come to an end, with the enactment of the Property Practitioners Act, 22 of 2019 (“the Act”). Unlike its predecessor, the Act serves to provide grounds of disqualification from practising as a property practitioner...
South Africa South African National Prosecution Authority Estate Agency Party Appointments Estate Agency Affairs

Non-Compliant Property Practitioners to soon be Practicing on Rented Time

Property Practitioners, including Estate Agents, Candidate Estate Agents, and Property Managing Agents (“the Agents”), have for years been regulated by the Estate Agency Affairs Act, 112 of 1976 (“EAA”). However, this is soon to change with the enactment of the Property Practitioners Act, 22 of 2019 (“the Act”), signed into law by President Cyril Ramaphosa, and with an effective commencement date of 01 February 2022. Relaying the Foundation
South Africa South African Cyril Ramaphosa Party Appointments Fidelity Fund Certificate Property Practitioners Regulatory Authority

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