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Agents Legal Training

Legal Documentation
Agents Training

PROPERTY PRACTITIONERS CODE OF CONDUCT

Introduction DUTY APPLICABLE TO ALL PRACTITIONERS General Duties to Members of the Public or Other Persons or Bodies by Property Practitioners Any act that is

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June 13, 2025
Legal Documentation
Agents Training

DECEASED ESTATES TRANSFERS

Introduction Deceased Estates Transfers When the registered owner of immoveable property has died, his/her property will need to be transferred to another person. This can

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June 13, 2025
Estate Agreement
Agents Training

PROPERTY PRACTITIONERS GUIDE FOR PURCHASERS

General Concepts and Topics Attorneys Involved Transferring Attorney (Conveyancer) Monitors compliance with Agreement of Sale Monitors financial aspects Monitors procedural aspects, i.e. drafting of transfer

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June 13, 2025
Property Practitioners Guide For Sellers
Agents Training

PROPERTY PRACTITIONERS GUIDE FOR SELLERS

General Concepts and Topics Choice of Conveyancer PPA prohibits any arrangements (MBAT has none) May recommend   Attorneys Involved Transferring Attorney Monitors compliance with Agreement

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June 13, 2025
Defects
Agents Training

DEFECTS

Definitions Patent Defects: “A Patent Defect is a defect which the Purchaser was aware of at the time of purchase, or which was so blatantly

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June 13, 2025
Sectional Titles
Agents Training

SECTIONAL TITLES

Property Ownership in South Africa All land is surveyed (Immovable Property) Diagram General Plan All land is registered in Deeds Office Exceptions provided for in

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June 13, 2025
Termination of Agreements
Agents Training

CANCELLATION/TERMINATION OR FULFILLMENT OF AGREEMENTS AND CONTRACTUAL REMEDIES

Requirements for a valid contract In order to have a valid contract you must inter alia meet the following 6 formalities/requirements: Consensus / Agreement The Parties must

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June 13, 2025
Conditions of Contracts
Agents Training

CONDITIONS PRECEDENT AND PAYMENT OF THE PURCHASE PRICE (CASH / GUARANTEES ETC.)

Definitions Two types: SUSPENSIVE CONDITION – SUSPENDS (puts a hold on) the operation of ALL OR SOME of the obligations flowing from the Agreement until the

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June 13, 2025
Basic Clauses of Offer To Purchase
Agents Training

BASIC CLAUSES OF AN OFFER TO PURCHASE

Parties to the Agreement Seller / Purchaser Categories Natural Persons In/Out of Community of Property Customary Marriages Religious Islamic or Hindu Rites Foreign Marriages Same-Sex

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June 13, 2025
Mandates
Agents Training

MANDATES

Types of Mandates Open Mandate Allows any agent to sell a property. Does not need to be in writing. However, it’s recommended that a written

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June 13, 2025
Transfer Process
Agents Training

TRANSFER PROCESS

Information and Documentation Required for the Transfer Process FICA Documentation Close Corporation: Copy of Identity Documents for all members. Income Tax number and VAT registration

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June 13, 2025
Attorneys
Agents Training

PROPERTY PRACTITIONERS ACT

Definitions and Implementations Purpose and Objects of the Property Practitioners Act (PPA) – Section 3 Protection of Consumers Addressing grey areas in previous Act, etc.

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March 14, 2025
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