PDE5 Practice Questions - South Africa PPRA Professional Designation Examination Level 5 (PDE5) Exam

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Under the Property Practitioners Act 22 of 2019, which FFCs must a property practitioner firm hold to legally operate and earn commission?

A Fidelity Fund Certificate (FFC) for the business entity and a separate FFC for every director, member, or individual practitioner associated with it Only a single Fidelity Fund Certificate (FFC) for the business entity itself Only FFCs for the individual directors or members, but not the business entity A Fidelity Fund Certificate (FFC) is only required for the principal property practitioner, while candidate practitioners do not need one

Correct Answer:

A Fidelity Fund Certificate (FFC) for the business entity and a separate FFC for every director, member, or individual practitioner associated with it

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