Signed into law by president Cyril Ramaphosa in 2019, the Property Practitioners Act (PPA) is currently awaiting official commencement in South Africa.
While there is no firm indication as to when the PPA will come into force, it is expected to bring significant changes for the sector, especially for consumers…
What has happened to the Property Practitioners Act, No 22 of 2019 (PPA)?
The President has signed the Act into law, however, the date of commencement of the Act is still to be determined. The Act will repeal the Estate Agency Affairs Act, No 112 of 1976 (“EAA Act”) in its entirety. Draft regulations were published for public comment in March 2020. However, as things stand, there is no firm indication as to when the PPA will come into force…
The Property Practitioners Act is set to change the industry “dramatically”. Other laws attorneys say will affect it include the proposed Housing Consumer Protection Bill, the Land Court Bill and the Western Cape Government’s draft Inclusionary Housing Policy.
Once the Property Practitioners Act – which has been promulgated but is not yet gazetted – comes into effect, it will have a fundamental effect on the industry because it repeals and replaces the whole of the Estate Agency Affairs Act, regulations and code of conduct…
The Property Practitioners Act was signed into law on 3 October 2019 and even though much speculation exists that the effective date would be set for 1 April 2021, there has been no confirmation in this regard…