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, including, but not limited to, not being in possession of a valid tax clearance certificate (&ldqu...