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NEWSFLASH Property Practitioners Act: Regulations out for comment

Updated: Apr 7, 2020

In anticipation of the commencement of the 2019 Property Practitioners Act, draft regulations were gazetted on Friday 6 March 2020, for comment. The regulations seek to address a range of issues raised in the Act, including training and conduct, consumer protection, compliance and enforcement. These will be financed from a transformation fund to be opened within six months of the new regulatory authority’s establishment, and will be financed by the Property Practitioners Fidelity Fund.

Regarding the development of emerging small, medium and micro enterprises, it is mooted that, upon the repeal of the 1976 Estate Agency Affairs Act, a non-compliant historically disadvantaged property practitioner may apply to the transformation fund for a grant to assist with any legal or other expenses entailed in regularising his/her affairs and aligning them with the requirements of the new Act. We will shortly provide full details. For assistance, contact us on 041 363 6044 or email us at info@kaplans.co.za.


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This article is not intended to constitute legal advice and is produced for information purposes only and to provide a general understanding of the legal position relating to the topic. It is recommended that advice relating to the specific circumstances of your situation be sought from our attorneys before acting upon the content of this article. This article was written at a particular point in time and accordingly may not always reflect the most recent legal developments, if any, applicable to the relevant topic. Kaplan Blumberg and its partners and/or employees, are not responsible for any consequences which may follow upon any decision taken to act upon the information provided in this article.