Property Practitioners Act, 2019 (Act No. 22 of 2019)Chapter 4 : Transformation of Property Sector22. Property Sector Research Centre |
| (1) | The Property Sector Research Centre is hereby established. |
| (2) | The Property Sector Research Centre must conduct market research in partnership with the National Research Foundation and institutions of higher learning. |
| (3) | The Property Sector Research Centre must— |
| (a) | be aimed at increasing the national scientific research and innovation capability through the development of human capacity and stimulating the generation of new knowledge in the property sector; |
| (b) | be the central repository of expert knowledge on pre-determined areas of the transformation of the property sector in South Africa; and |
| (c) | support the realisation of South Africa’s transformation into knowledge-based economy in which the generation of knowledge translates into socio-economic benefits. |
| (4) | The property sector research agenda must prioritise the following: |
| (a) | Identification of barriers to entry and meaningful participation in the property sector by historically disadvantaged individuals; |
| (b) | Demographic distribution of skills that determine resilience in the property sector; |
| (c) | An inclusive, accessible and transformatory curriculum development and enhancement in the technical and vocational education and training and higher education sectors in South Africa; |
| (d) | Systematic patterns of discriminatory behaviour in the property development and management value-chain; |
| (e) | Efficacy of compliance, monitoring and enforcement mechanisms to advance the transformation of the property sector; |
| (f) | The rural-urban dynamic in property sector growth and transformation; and |
| (g) | The contribution of the property sector in urban spatial transformation and economy. |
| (5) | The Property Sector Research Centre must annually promote consumer awareness and education, which must include: |
| (a) | The education of consumers on their rights and responsibilities in respect of property ownership and development; |
| (b) | All the empowerment programmes of the Authority; and |
| (c) | Consumer protection and lodging of claims |