LETTER: Property Practitioners Bill misses the point
The bill saddles the authority with significantly more responsibility at a time when it is breaks records in poor service delivery
The National Assembly unanimously passed the Property Practitioners Bill on December 4. The bill will now go to the National Council of Provinces to ostensibly deliver transformation of the real estate industry before the 2019 general elections. If the creation of a transformation fund and the enforcement of the property charter were the solution, this might have worked. The designations are changed from "estate agent" to "property practitioner" and from Estate Agency Affairs Board to the “authority”. The wide-encompassing definitions ensure that anyone remotely associated with property transactions will be affected by the bill, from mortgage originators (property finance) to property portals and property papers (advertising). This saddles the authority with significantly more responsibility, while it is already common cause that it breaks records in poor service delivery, not to mention ongoing IT challenges. Unfortunately, property developers can still sell their properties to con...
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