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Property Practitioners Act, 2019 (Act No. 22 of 2019)

Chapter 4 : Transformation of Property Sector

22. 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