- 011 476 1434
- info@jhamelco.co.za
Specialist Auditing and Independent Review Services for Estate Agents
At J Hamel & Co, we understand the unique challenges and regulatory requirements faced by estate agents in South Africa.
Our specialised auditing services are designed to ensure that your business complies with all statutory obligations, maintains financial accuracy, and upholds the highest standards of trust and transparency.
Trust Account Compliance
New Estate Agents
If you are a new estate agent, remember that your trust account audit report must be submitted annually, as required by Section 54 of the Property Practitioners Act, 2019 (Act No. 22 of 2019) and PPRA regulations. The report must be submitted within four months after the financial year-end. We are here to guide you through the process and ensure timely compliance.
Assurance Reports
Alongside your estate agent statement, an assurance report, in compliance with Section 54 of the Property Practitioners Act, 2019 (Act No. 22 of 2019) and PPRA regulations, is due annually. This report verifies the accuracy and integrity of your financial information, providing additional confidence to your stakeholders.
Legislative Updates
Stay informed about any new legislation that may impact your trust account management. Our team keeps abreast of the latest changes, including updates from the Property Practitioners Regulatory Authority (PPRA), to provide you with accurate and up-to-date advice.
Trust Account Exemption Assistance
J Hamel & Co assists estate agencies with the trust account exemption process under the Property Practitioners Act 22 of 2019 (PPA) and PPRA regulations. Our services include eligibility assessment, documentation preparation, regulatory liaison, and compliance support, ensuring smooth exemption and ongoing adherence to PPA requirements.
Contact us today or book a 30min introductory meeting to discuss our auditing services
Understanding South African Laws for Estate Agents
Estate agents in South Africa are subject to stringent regulations to maintain the integrity and trust of the industry. Key legal requirements include:
- Compliance with the Property Practitioners Act: All estate agents must be registered with the Property Practitioners Regulatory Authority (PPRA) and hold a valid Fidelity Fund Certificate (FFC).
- Trust Account Management: Estate agents are required to maintain separate trust accounts for client funds. Regular audits of these accounts are essential to ensure compliance with PPRA regulations.
- Financial Reporting: Accurate and timely financial reporting is crucial. Estate agents must submit audited financial statements to the PPRA within four months of the financial yearend.
- Anti-Money Laundering Regulations: Compliance with the Financial Intelligence Centre Act (FICA) is required to prevent money laundering and the financing of terrorism.
Book a 30min introductory meeting to help us understand your business setup/needs and explain how we assist clients of your business size and nature.
Use the calendar form to book an introductory meeting on a day and time that suits you.
Direct Contact Details
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