Скачать или смотреть Learn More About The Property Practitioners Act 2022 [A Must Watch]

The Act defines 'property practitioners' to include everyone involved in the selling, purchasing, letting, renting, financing, and marketing of property. In this episode [82], Christopher Abrahams hosts our panel of experts, Bruno Miguel Simao of Bruno Simao Attorneys and Cilna Steyn of SSLR Incorporated shares the following about the Property Practitioners Act 2022.

Views and opinions regarding the Act, Regulations and Implementation

Definition of Property Practitioner - Wide - Sourcing agents

Mandatory Disclosure Form on condition of property - Standard document - Before listing for sale and leasing - Home Inspector - Only defects that are known will

Tax certificate requirements to obtain Fidelity Fund Certificate - Too stringent - Restraint on person's right to trade - No good reason - Valid reasons should be permissable (e.g. payment plan with SARS of arrear tax)

Non-resident cannot obtain Fidelity Fund Certificate - Unconstitutional

BEE certificate requirements to obtain Fidelity Fund Certificate - No minimum scoring or score card - Who must obtain one?

Effective date vs compliance dates - Effective date of Act vs to register as agent vs Mandatory Disclosure Form - Consequences

Practical effect - Content of and attachment to OTPS

Practical effect - Sourcing agents and non-registered estate agents - Consequences of Act on commission

Prescribed service providers - Referring to conveyancing attorneys - Exclusive use of estate agents by Developers


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Christopher Abrahams hosts the panel of experts

Bruno Miguel Simão of Bruno Simão Attorneys
https://www.brunosimaolaw.co.za/
(011) 234 0831
[email protected]

Cilna Steyn of SSLR Incorporated
https://www.sslr.co.za/
086-100 7757
[email protected]

#propertypractitionersact
#realestate
#property