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

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...

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

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