The PPA came into operation on 1 February 2022 and extreme confusion is rife!
The new Act has many controversial clauses, and every Tom, Dick, and Harry jumped on the bandwagon and wants to have their say according to their own interpretation.
The PPRA has put a hold on all new registrations until 1 April 2022 as a buffer for the initial transition period.
According to her opening speech on 1 February, PPRA CEO Mamodupi Mohlala-Mulaudzi said a transition period of at least 6 months will ensue from 1 February 2022 during which comments and input from industry role players will be gathered. Information gathered here will be assessed and acted on accordingly in due time.
It’s important to understand what will happen in the meantime.
The status quo:
Section 75 of the PPA governs the transition period, with emphasis on S75(6): “All regulations made in terms of the Estate Agency Affairs Act remain in full force and effect as if they had been made in terms of or under this Act.”
This implies that the training dispensation as announced on 15 July 2008 is still in full force and effect. Agents will still be required to complete an internship period, complete the logbook, obtain the FETC: Real Estate NQF4 qualification and write the PDE4 exam to qualify as a Full Status Property Practitioner – until further official notice.
I would like to emphasize the history of some legislation that had an impact on the real estate agent industry:
* The training legislation was promulgated on 15 July 2008 and only in 2013, did it become a requirement for agents to submit a logbook.
* POPIA was promulgated in 2013, but it only became enforceable on 1 July 2021.
There are many more examples.
My question here is: how long will it take for the PPA to become in full force and effect? I can only guess, but experience has taught me that it might be a while.
In the meantime, I will empower myself by attending as many courses as possible to inform myself on all aspects of the Act, I will read as much as possible about it, and rely on official notices and information to ensure that I am ready whenever necessary.
Compliance Realtor makes this easy with our training membership and our various other courses available online. Get in touch with us if you’d like to find out more.