Seeing that the new property laws have come into effect under the Property Practitioners Act (PPA) at the beginning of this month, both homeowners and the property industry at large now have new options available to them when choosing how to manage their deposit.
Section 25 of the Constitution of the Republic of South Africa is constantly under attack. Coming off a vote in parliament where its proposed amendment failed.
The Property Practitioners Act (PPA) came into law with effect from 1 February 2022. Section 58 of the PPA regulates arrangements between real estate agents and service providers in the real estate value chain following the conclusion of a deed of sale.
Despite last week’s decision by the South African Reserve Bank (SARB) to increase the repo rate by 0.25 basis points, the real estate sector is still optimistic about the year ahead.
The new Property Practitioner’s Act 2019 is an important piece of legislation in the property sector. The new act came into effect on 1 February and several changes to the industry impacting on both agents and clients is in the offing.
New legislation that came into effect this week on 1 February will effectively repeal the old Estate Agency Affairs Act 1976 (EAA Act). The new Act, the Property Practitioners Act 2019 (PPA), aims to protect the interests of consumers in the property industry.
With the coming into effect of the Property Practitioners Act, 2019 as of 01 February this year, the regulatory landscape will change for estate agents.