Tag Archive for: PPRA

Kindly take note of these deadlines with regards to the PPRA.

1. Education Regulations

All practitioners must comply within two years of their first FFC. Those that do not have amnesty until 30 June 2023. This means you must have completed your 12-month intern logbook, your NQF Level 4 Real Estate 59097, and your PDE Level 4 exam in time. Failing which you will be barred from operating as a Property Practitioner. https://theppra.org.za/article/extension_of_the_education_requirements_compliance_deadline_

2. FFC & Registration Certificate Renewals

Renewals need to take place by the 31^st of October each year. Your renewal is paid for 3 years in advance. Principal renewals have to be applied and paid for first. Agencies do not have to pay for renewals but need to renew via the Principal’s PPRA portal. Following this, all other Property Practitioners can renew. Click here for further tips on renewals.

3. Trust Accounts

Designation of Trust Account name must be changed by 31 August 2022 to:

“As designated by Sec 54(1) and 54(2) of the Property Practitioners Act No 22 of 2019.”

The PPRA has engaged all banks, through the Banking Association of South Africa, on the referencing of all existing trust accounts to the new section 54(1) and 54(2) naming convention under the PPA and the PPRA has given banks up to 31 August 2022 to finalise this change in referencing. Accordingly, existing trust accounts opened prior to 1 February 2022 and still containing a reference to the old section 32(1) and/or 32(2) of the EAAA can be accepted by the principals and auditors of business property practitioners up to 31 August 2022. However, all new trust accounts opened after 1 February 2022 must contain a reference to section 54(1) and/or 54(2) of the PPA.

4. Trust Account Audits

Trust accounts must be audited within four months from year-end. The four months were extended to six months for the 2022 submissions, meaning that if your year-end was Feb 2022, you must submit by no later than 31 August 2022.

5. RMCP

This contract had to be reviewed by 15 July 2022.

6. BEEE Certificates

All agencies must upload BEEE certificates.

7. SARS Certificates

All agencies must upload SARS certificates.

8. CPD

CPD occurs in three year rolling cycles.  As an example, if you started your CPD in 2022, it would run for 2022, 2023 and 2024.

You must complete your:

• annual CPD program as instructed by the PPRA, normally by June of that year;
• verifiable and non-verifiable points before 31^st December of each year;
• payment for the following year must be made by the 31^st March of that year.