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We are pleased to present below all posts archived in 'May 2022'. If you still can't find what you are looking for, try using the search box.
The Property Practitioners Act 22 of 2019 (PPA) came into effect on the 1st of February 2022, thereby repealing the Estate Agency Affairs Act of 1976, which had largely regulated the real estate sector in South Africa. Under the PPA, all parties who deal with property and related matters in their ordinary course of business are all referred to as property practitioners.
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With the Property Practitioners Act of 2019 (PPA) now in force, it is imperative that players in the property sector be awake to its requirements and obligations. Amongst the most prominent provisions in the PPA is with regard to transformation with the preamble, sections 47, 48 and 50 (a) (x) being key in this respect.
The 1st of February 2022 saw the commencement of the Property Practitioners Act 22 of 2019 (PPA), bringing along significant changes in the regulation of the real estate sector in South Africa. Prior to the PPA the sector had largely been regulated by the Estate Agency Affairs Act of 1976, which has since been repealed.
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