The Property Practitioners Act is changing the game for Attorney Agents
It's official: the new Property Practitioners Act, like its predecessor, permits attorneys to sell properties.
The legislature accepts that these attorneys are supervised by their own regulatory authority, the Legal Practice Council and, more importantly, that they have the necessary skills and knowledge to be involved in the sale of immovable property.
A key aspect of the new Act and its regulations is that attorneys with three years' experience are now considered "principal agents" for the purposes of training candidate property practitioners. This means that we can train our own agents to become property practitioners (PPs).
The implementation of this new regulation will also enhance service quality, transparency, and ethical business practice - providing sellers with more certainty when it comes to real estate transactions.
Here at 3%.Com Properties, you can rest assured that all of our attorneys now additionally follow the specified training to be accredited with PP-status.
Get in touch with 3%.Com Properties today and experience the difference of selling your property through a property practitioner/attorney agent. T's and C's apply
This article is a general information sheet and should not be used or relied on as legal or other professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your legal adviser for specific and detailed advice. Errors and omissions excepted (E&OE)
The legislature accepts that these attorneys are supervised by their own regulatory authority, the Legal Practice Council and, more importantly, that they have the necessary skills and knowledge to be involved in the sale of immovable property.
A key aspect of the new Act and its regulations is that attorneys with three years' experience are now considered "principal agents" for the purposes of training candidate property practitioners. This means that we can train our own agents to become property practitioners (PPs).
The implementation of this new regulation will also enhance service quality, transparency, and ethical business practice - providing sellers with more certainty when it comes to real estate transactions.
Here at 3%.Com Properties, you can rest assured that all of our attorneys now additionally follow the specified training to be accredited with PP-status.
Get in touch with 3%.Com Properties today and experience the difference of selling your property through a property practitioner/attorney agent. T's and C's apply
This article is a general information sheet and should not be used or relied on as legal or other professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your legal adviser for specific and detailed advice. Errors and omissions excepted (E&OE)
09 May 2022
Author 3%.Com Properties