Stand-In Principal: A Little Bit of Help, a Lot of Rules
So, you want to own your very own estate agency firm—real estate, developer, managing agent, or something in between. Fabulous! You’ve got the vision, the passion, and the business cards ready. But wait… do you need a principal to open your doors?
Well, that depends.
If you’re launching a real estate firm—yes, you absolutely do.
If you’re in other categories like managing agents or developers—congrats, you’re off the hook!
But since you’re here, we’re guessing it’s a real estate firm you want. And that means you need a Principal Property Practitioner—someone licensed, experienced, and legally responsible. That’s where we come in.
At PPs, we offer bespoke stand-in principal packages that let you kick off your dream business while working towards your own principal status. You focus on building your brand and winning clients. We’ll handle the nitty-gritty compliance stuff,and trust us, there’s a lot of it.
What You Get – Besides Our Sparkling Personalities
- We stand as principal for your firm, so you’re legit from day one.
- We host monthly mentoring workshops to help you strategise, grow, and thrive—yes, you’ll need a notebook, and possibly snacks.
- Join our portal where you have access to ready-to-use contracts, mandates, policies, your full Policies & Procedures Manual, plus FIC, POPIA & PAIA training and tools. Stay compliant, stay confident, and focus on closing deals!
- We bring decades of experience and insights across the property industry—aka, we know what we’re talking about.
What We Don’t Do
We don’t run your business. That’s your gig.
We do, however, manage your compliance with legislation—because if you colour outside the legal lines, we’re the ones in jail jumpsuits. Seriously.
Trust Accounts: Our Favourite Nightmare
As your stand-in principal, we carry the responsibility for your trust account. This is… less than fun. So, wherever possible, we’ll strongly encourage you to apply for an exemption. If you absolutely must have one, then we’ll bring in our trusted auditor, at your cost to keep it squeaky clean—monthly.
Why the Monthly Fee and Commission Share?
Because being a principal isn’t just a title—it’s a serious legal responsibility. If something goes sideways—fraud, misrepresentation, or general dodgy behaviour—it’s our name and freedom on the line. The Property Practitioners Act No. 22 of 2019 and the Code of Conduct make it very clear: the principal pays the price.
So yes, you’ll pay a retainer and a commission share. But in return, you get the peace of mind that someone’s watching your back while you build your future.
The Bottom Line
We’re here to help you succeed—but we play by the rules.
So let’s make magic together—lawfully, ethically, and fabulously.
Ready to Get Started?
If you are interested in our Stand in Principal services or you require more information, please send us an enquiry, and we’ll reach out to you as soon as possible.