Notes regarding candidate property practitioner training from the Property Practitioners Regulatory Authority Webinar of 16 April 2024

Articles,News Flash
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The Property Practitioners Regulatory Authority (PPRA) confirmed that candidate property practitioners (candidate(s)) whose first Fidelity Fund Certificate (FFC) is dated before 1 July 2024 will continue their training and qualify as property practitioners in terms of the 2008 Regulations.  If the first FFC a candidate property practitioner receives is an FFC which is dated on or after 1 July 2024, the 2022 Regulations will apply in respect of the training and qualification of such candidate.

Those under the 2008 Regulations must complete a Logbook, whilst the PPRA is still to announce whether a Logbook is required under the 2022 Regulations. Once the PPRA has made such announcement this Newsflash will be updated.

The PPRA has however confirmed that that a six-month Practical Training Course is required for candidates under the 2022 Regulations. This Course is a new requirement as the 2008 Regulations did not provide for such Course.

The Course consists of a maximum of six training modules which are aligned with the Workplace Experience modules of the NQF Real Estate qualification. Candidates may apply for exemption if they have already completed an NQF4 Real Estate qualification or other qualification for which the PPRA will permit an exemption. It should however be borne in mind that if a candidate is exempt from the Practical Training Course the PPRA will require that the Recognition of Prior Learning Course be completed.

During the webinar, the PPRA recommended that candidates consider completing the Knowledge and Practical modules of the Practical Training Course before they register with the PPRA.  Once these modules have been completed and the candidate becomes registered with the PPRA, an FFC will be issued and the remaining four modules are to be completed.

Should a candidate already have paid, enrolled, and commenced with training under the “old” NQF4, they are to continue and complete the same. The PPRA has announced that they will continue to assess the “old” NQF4 until the end of 2027 despite the course being discontinued from 1 July 2024.

The PDE4 examination will remain unaffected by the change in regulations and will remain an eight-hour take-home test.