Industry FAQ Guide

FAQ
Industry

We answer all those important industry questions, keeping property professionals informed

How do I become a real estate agent?
Do I need to apply to the PPRA to have an independent review of my financial statements, instead of an audit?
Who qualifies to do an independent review of financial statements?
Which business property practitioners qualify for a trust exemption?
Whose auditor is required to annually submit an audit report on trust accounts?
When are audit reports on trust accounts due for submission to the PPRA, and what should I do when I miss the submission deadline?
Who is required to have their annual financial statements audited?
Who is required to have their annual financial statements independently reviewed?
Who qualifies to do an independent review of financial statements?
Which business property practitioners qualify for a trust account exemption?
How do you apply for a trust account exemption if you are a new property practitioner?
How do you apply for a trust account exemption if you are an existing property practitioner who does not need a trust account and does not want to mandate a payment processing agent?
What is the difference between the PPRA and the Estate Agency Affairs Board (EAAB)?
What is the function of the PPRA?
Who must register with the PPRA in South Africa?
What are the powers of the PPRA?
How do you register an intern agent with the PPRA
Do managing agents have to comply with the regulated real estate agent education?
What are the criteria for a NQF4 qualification for real estate agents?
What are the basic requirements to become a real estate agent?
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