Compliance in Real Estate

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Welcome to the KW Action’s Induction Course for New Agents – COMPLIANCE IN REAL ESTATE.

 

This Section of Induction will guide you through three essential legal and compliance frameworks that every Real Estate Agent in South Africa must understand.

Course Content

Understanding the PPRA
Learning Objectives: Understand how the PPRA regulates the Real Estate profession Know how to stay compliant as a registered agent Know the consequences of operating without an FFC

  • What is the PPRA?
  • What is a Fidelity Fund Certificate (FFC)?
  • Agent Categories
  • PPRA Code of Conduct – Basics
  • PPRA Quiz

The POPI Act (Protection of Personal Information Act)
POPIA protects the personal information of individuals and sets rules on how that information must be collected, stored, shared, and deleted. As an agent, you regularly handle personal data such as: ID numbers Proof of residence Contact details Financial documents

The FIC Act (Financial Intelligence Centre Act)
The FIC Act exists to combat money laundering, fraud, and financing of terrorism. Real Estate is a high-risk industry because large amounts of money change hands.

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