Property Practitioners Act, 2019 (Act No. 22 of 2019)Chapter 1 : Definitions, Application, Objects and Establishment of Authority5. Establishment of Property Practitioners Regulatory Authority |
| (1) | There is hereby established a juristic person to be known as the Property Practitioners Regulatory Authority. |
| (2) | The Authority is a National Public Entity subject to the Public Finance Management Act, 1999 (Act No. 1 of 1999). |
| (3) | The Authority is governed and acts through a Board known as the Board of the Authority. |
| (4) | The Authority must provide regulatory mechanisms in respect of the financing, marketing, managing, letting, hiring, sale, property consumer education and purchase of property, and may do all that is necessary or expedient to achieve the objects of this Act. |
| (5) | The Authority is accountable to the Minister. |