Consumers are warned to only use the services of property practitioners (estate agents) who are registered with the PPRA and are in possession of a valid fidelity fund certificate.

When doing business with a property practitioner firm (estate agency firm), consumers must make sure that the firm is registered with the PPRA and has been issued with a valid fidelity fund certificate that is valid for the year in question.

When doing business with a candidate property practitioner, make sure that the candidate property practitioner is working under the supervision of a registered property practitioner.

NB!!! PLEASE MAKE SURE OF THE FOLLOWING BEFORE HANDING OVER TRUST MONEY* DIRECTLY TO A PROPERTY PRACTITIONER

Firstly, make sure that the property practitioner is registered with the PPRA and in possession of a valid fidelity fund certificate.

Then make sure that the property practitioner is employed by a firm that is registered with the PPRA and has an active trust account held at a registered bank in South Africa and that the trust money will be deposited into such trust account.

If unsure whether a property practitioner or property practitioner firm is registered with the PPRA, consumers are urged to contact the PPRA on 087 285 3222 to confirm the registration status of the property practitioner or property practitioner firm before doing business with or handing over trust money to the practitioner or firm.

*TRUST MONEY MEANS:

• money entrusted to a property practitioner in his or her capacity as a property practitioner;
• money collected or received by a property practitioner and payable in respect of or on account of the sale, purchase, letting, hiring, marketing or managing of immovable property; or
• any other money, including insurance premiums, collected or received by a property practitioner and payable in respect of any immovable property, business undertaking or contract for the building or erection of any improvements on immovable property.

For media enquiries, email Lindani Tshabalala on Lindani. Tshabalala@theppra.org.za or call 078 558 7874.

AUTHORIZED BY

OFFICE OF THE CHIEF EXECUTIVE OFFICER

14  FEBRUARY 2025