UNDESIRABLE PRACTICES–ARRANGEMENTS TO PAY “ACCREDITATON” FEES.
The Property Practitioners Regulatory Authority (PPRA) received several complaints from property practitioners alleging that they are required to pay “accreditation” fees to trade in certain estates. Following the enactment of the Property Practitioners Act, 22 of 2019, and the promulgation of its regulations early in 2022, these arrangements were declared illegal and thus prohibited. It is evident based on the number of complaints received from property practitioners that, these illegal practices are continuing despite them being outlawed under the new Property Practitioners Act, 22 of 2019 and its regulations.
Download the full Notification and Complaint form below:
UNDESIRABLE PRACTICES–ARRANGEMENTS TO PAY “ACCREDITATON” FEES
COMPLAINT INTITIATION FORM PPRA ACT 22 OF 2019