Legal Updates

Below find the draft Property Practitioners Regulations, 2020 for public comment. genn-139-of-2020-property-practitioners-regulations-2020 Any interested persons or institutions are hereby [...]

        Please see below the proposed amendments to the estate agent scorecard. pscc_estate-agents-scorecard

The Property Practitioners Bill was passed by both houses on 28 March 2019 and has been sent to the President for assent. Please find a full copy of the Bill as amended by the Portfolio Committee [...]

There have been two recent cases dealing with agencies that traded without Fidelity Fund Certificates (FFC’s) which we thought would be of interest to you. Here are summaries of the two cases: [...]

Please be advised that it is stated in Section 8.6 of the Property Sector Code that: An EXEMPTED MICRO ENTERPRISE (“EME”) is only required to obtain a sworn affidavit or certificate from the [...]

The FIC Act has two types of penalties for contraventions or acts of non-compliance with the FIC Act.  The first is administrative sanction(section 45C(3))  for non-compliance with the FIC Act [...]

Please find below, the CSOS Practice Directive [2] on Dispute Resolution Processes. CSOS No 2 of 2018 – Dispute Resolution Practice Directive(1)  

The Portfolio Committee on Human Settlements invites interested people and stakeholders to submit written comments on the Property Practitioners Bill [B 21 – 2018]. The Bill seeks to [...]

Please find notice below on the Amendment of the Practice Directive on Payment of Levies and Fees:- [...]

An Exempted Micro-Enterprise, “EME” is only required to submit an affidavit confirming an annual turnover of less than R2.5 million. EMEs automatically gain Level 4 BBBEE status. If there [...]