Our New Full-Status Agents
Category News
It`s a very special day today, not only for our Champions but all the other property practitioners that have successfully achieved PPRE status!
We would like to congratulate our following Champions:
- Stephan Bothma
- Bertho Marais
- Janine Fairbairn
- Ben Koogje
- Jenine Havenga
- Maria Rall
Some might wonder "What is PPRE status?" Well, a Professional Practitioner in Real Estate (PPRE) is a full-status professional estate agent. The holder of such designation is accredited as knowledgeable, competent, and skillful. Here are some critical tick boxes to look out for when choosing your next agent;
The importance of a valid Fidelity Fund Certificate (FFC)
In terms of the Practitioner`s Act, an agent must have a valid Fidelity Fund Certificate (FFC) to receive payment of commission from a property sale. To obtain an FFC, the agent (including intern agents) must be registered with the PPRA. All of our Champions have valid FFCs to provide our clients. Sellers are entitled to ask to see the FFC of an agent.
A Champion will gladly present this to you at any time. By dealing with an agent with a valid fidelity fund certificate, you are not just confirming that the agent is legitimate and appropriately skilled, but the transaction would be covered by the Estate Agents Fidelity Fund (administered by the PPRA) should the need ever arise to lodge a claim with the fund.
Intern vs Full Status Agent
The FFC will identify the status of the agent. Only full-status and principal agents may sign legal documents including the mandate and offers to purchase. An intern agent must disclose their status to the seller and all legal documents must be co-signed by a full status agent or the principal agent.
An intern agent is someone who is working towards their NQF4 and PDE4 qualifications. Once qualified, they will be identified as a full-status agent.
We are where dreams come home and property our passion. We are in a favorable market with many active buyers. Whether you are thinking of selling or would like to know what your property might achieve in this market, please do not hesitate to contact us today!
Author: Champion Media
