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Posts Tagged 'property practitioners act'

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Attention Property Practitioners! Are You Actually Compliant Or Just Registered?

The Property Practitioners Act imposes a detailed and enforceable framework for how property practitioners must conduct themselves in practice. It touches everything from how records are stored and how deals are marketed, to who you can work with and what happens if you get it wrong.

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What is The Property Practitioner Act and What is its Purpose?

The Property Practitioners Act was introduced to replace and modernise the outdated Estate Agency Affairs Act, which had been in place since 1976. The Act came into effect on 1 February 2022, ushering in a new regulatory era for estate agents, property brokers, auctioneers, and other professionals involved in property transactions.

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Mandatory Disclosure Forms Under Section 67 of the Property Practitioners Act

Section 67 of the Property Practitioners Act is not a guideline. It is a hard legal line. It states that no mandate may be accepted by a property practitioner unless the seller or landlord has first provided a completed and signed disclosure form. Despite this, many in the property industry continue to treat disclosure as an administrative afterthought — or worse, a courtesy that can be skipped if inconvenient.

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