Self-assessment
Property Practitioners Act Self-Assessment
10 yes/no questions on the Property Practitioners Act 22 of 2019. You get a score for each area and a list of gaps with what to do about each one.
1. Fidelity Fund Certificate
1. Does every property practitioner in the business hold a valid Fidelity Fund Certificate from the PPRA, and does nobody act without one?
(Property Practitioners Act s47)
2. Is the certificate displayed as the Act and Regulations require?
(Property Practitioners Act)
3. Do you diarise certificate renewal well before it expires?
(Property Practitioners Act)
2. Trust account and client money
1. Is money received for clients paid into a trust account kept separate from your own money, or handled through an arrangement the Regulations allow?
(Property Practitioners Act s54)
2. Are trust accounting records kept up to date and reconciled?
(Property Practitioners Act)
3. Is an auditor appointed and the trust account audit report produced and submitted as required?
(Property Practitioners Act)
3. Mandates, disclosure and FICA
1. Are sale and rental mandates in writing with the content the Act and Regulations require?
(Property Practitioners Act)
2. Is the prescribed mandatory disclosure form completed and kept on every file?
(Property Practitioners Act s67)
3. Do you identify clients, keep records and report suspicious transactions as the Financial Intelligence Centre Act requires?
(FICA)
4. Do you log complaints and their outcomes?
(Property Practitioners Act)
Sources
Turn these gaps into tracked tasks
Assign owners and due dates, keep the evidence, and show your progress to clients and auditors.