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Property Practitioners Act

 
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  1. The estate agency profession has been regulated by the Estate Agency Act since 1976. After the Property Practitioners Bill had been passed by Parliament, the National Assembly and the National Council of Provinces it was signed into law on 2 October 2019. Upon promulgation by the President in Government Gazette it will become law.

  2. The objectives of the new Act are to;
  • Replace the Estate Agency Affairs Board (EAAB) with the Property Practitioners Regulatory Authority (PPRA)
  • Regulate Property Practitioners
  • License Property Practitioners
  • Provide enhanced consumer protection
  • Provide an internal dispute resolution in the property market
  • Provide education and training
  • Transform the industry by promoting the interests of historically disadvantaged individuals and small and medium sized enterprises
  • Promote home ownership in affordable and secondary housing market

 

 

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