The new Property Practitioners Act (PPA) came into effect on 1 February and, whilst the tightening up on legislation largely concerns agents and agencies and how they conduct business, consumers also need to understand the implications of these changes, especially those in relation to compliance.

The new Property Practitioners Act (PPA), which came into effect on 1 February 2022, has been designed for increased support and regularisation of the sales and rental industries and other immovable property professions.

In a scathing judgement handed down from the High Court on 15 March, the failure of the Estate Agency Affairs Board (EAAB) to issue Fidelity Fund Certificates (FFCs) to the applicant estate agents has been found without merit.

Having exhausted all other options to rectify ongoing service delivery issues from the Estate Agency Affairs Board (EAAB), the Real Estate Business Owners of South Africa (REBOSA) has officially engaged in legal action against the regulator.

The Rawson Property Group is proud to announce that its MD, Tony Clarke, has officially been appointed Chairman of the Board of Real Estate Business Owners of South Africa (REBOSA).

The Estate Agency Affairs Board (EAAB) has closed its offices in Sandton, Johannesburg after receiving information that an employee of one of its host tenants came into contact with a COVID-19 positive person.

The Estate Agency Affairs Board (EAAB) will re-open its Sandton, Johannesburg offices before the end of June following their closure due to the COVID-19 lockdown.

These are uncertain and challenging times for the real estate industry, but the non-profit organisation Rebosa is fighting for their interests and finding pragmatic solutions to industry issues such as the urgent need to fast-track transformation says Richard Gray, Rebosa chairman.

Buying and selling property is a complex process, made all the more daunting by a multitude of potential pitfalls that can compromise a sale, but even more perilous is the proliferation of brazen fraudsters whose increasingly sophisticated scams are not only fleecing buyers and sellers but also property practitioners.

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