Who Needs a Fidelity Fund Certificate (FFC) in South Africa?
Fidelity Fund Certificate (FFC) is a vital document for anyone working in the South African real estate industry. Issued by the Property Practitioners Regulatory Authority (PPRA) , the FFC ensures that property professionals operate legally and ethically. Without this certificate, no agent, agency, or principal may legally earn commission or conduct real estate transactions. At PropAcademy , we help aspiring and qualified property practitioners understand what an FFC is, why it’s required, and how to apply for or renew it through the PPRA. What Is a Fidelity Fund Certificate? A Fidelity Fund Certificate acts as proof that a real estate professional or business is registered and compliant with South African property laws. It serves as protection for consumers, guaranteeing that the practitioner’s conduct is monitored and that the Fidelity Fund can compensate clients in the event of any financial misconduct or fraud. Who Needs an FFC? According to South African legislation, ...