Although the Property Practitioners Act PPA is largely directed at improving the property industry players, homeowners should be aware of its impacts.
The PPA was signed into law on 02 October 2019, replacing the 43 year old Estate Agency Affairs Act EAAA . As is the case with the Amendment to S25 of the Constitution related to land expropriation, the PPA has yet to be enacted, which requires a formal declaration, by the President, through the Government Gazette. The intention of the new act is to fast track transformation in the sector. Although welcomed by the industry, given that the old act has not been changed in some 40 plus years, there remain some under resolved issues around the PPA.
Private Property asked Jan le Roux, the chief executive of Rebosa, for clarification.
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