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Professional Services, Property & Logistics

Real Estate & Property

All property practitioners must be registered with the PPRA and hold a valid Fidelity Fund Certificate. Estate agents are accountable institutions under FICA, they must conduct Customer Due Diligence on buyers and sellers and report suspicious transactions to the FIC. The Property Practitioners Act replaced the Estate Agency Affairs Act in 2022.
Applicable legislation

Key legal frameworks

Property Practitioners Act 22 of 2019
Deeds Registries Act 47 of 1937
Financial Intelligence Centre Act 38 of 2001 (FICA)
Spatial Planning & Land Use Management Act 16 of 2013 (SPLUMA)
National Credit Act 34 of 2005 (bond origination)
Regulators

Who oversees this industry

PPRA. Property Practitioners Regulatory AuthorityDeeds Office. Registrar of DeedsFIC, FICA accountable institution statusNCR. National Credit Regulator (if bond origination)
King V principles most affected
P8. RiskP9. Compliance
What Encircle tracks for Real Estate & Property
PPRA registration and Fidelity Fund Certificate (FFC) maintenance
FICA: RMCP, CDD on all property buyers and sellers
Property transfer Deeds Office compliance and conveyancing
SPLUMA land use rights and development applications
Trust account management and mandatory auditing

Your Real Estate & Property industry profile

Industry Intelligence is in build. Once it lands, Encircle will load the specific legislation, regulations and professional standards that apply to your industry, with no manual configuration. The six launch frameworks are live today and are not waiting on it.

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