The Property Practitioners Regulatory Authority (PPRA) in South Africa is responsible for regulating and controlling the property industry and ensuring that all property practitioners operate in accordance with the law. The main functions of the PPRA include:
1. Registration and licensing of property practitioners: The PPRA is responsible for registering and licensing property practitioners, including estate agents, rental agents, and property valuers.
2. Enforcement of codes of conduct: The PPRA enforces a code of conduct for property practitioners, which sets out ethical and professional standards that must be adhered to.
3. Dispute resolution: The PPRA has the authority to investigate complaints against property practitioners and to take disciplinary action if necessary.
4. Education and training: The PPRA promotes education and training for property practitioners to improve their knowledge and skills.
5. Consumer protection: The PPRA is responsible for ensuring that consumers are protected when dealing with property practitioners, by setting standards for disclosure, transparency, and fair dealing.
Overall, the PPRA plays an important role in regulating the property industry in South Africa and protecting consumers from unscrupulous or unethical property practitioners.