Mandatory Regulation 37 Notice: Blue Ocean Realty (Pty) Ltd and affiliated practitioner Rohan Ramlall operate in full compliance with the statutory provisions of the Property Practitioners Act 22 of 2019 (PPA) and the Property Practitioners Regulatory Authority (PPRA).
1. Statutory Entity & Licensing Disclosure Schedule
In accordance with Regulation 37 of the Property Practitioners Regulations, 2022, every property practitioner must prominently disclose their licensing credentials, full corporate legal identity, and Fidelity Fund Certificate (FFC) standing on all digital platforms, transaction documentation, and letterheads:
| Statutory Requirement | Prescribed Statutory Disclosure |
|---|---|
| Licensed Property Practitioner Entity | Blue Ocean Realty (Pty) Ltd |
| Corporate Entity Type | Private Company incorporated under the Companies Act 71 of 2008 (Republic of South Africa) |
| Company Registration Number (CIPC) | In Process / Available on Request |
| Firm Fidelity Fund Certificate (FFC) | Active / In Process / Available on Request (PPRA Registered Firm) |
| Designated Principal Property Practitioner | Benjamin Govindraj (FFC: Active / In Process / Available on Request) |
| Candidate Property Practitioner | Rohan Ramlall (FFC: Active / In Process / Available on Request) |
| Supervision & Mentorship Framework | Rohan Ramlall operates under the statutory mentorship and direct supervision of Principal Benjamin Govindraj pursuant to PPRA Regulation 34.3.4.6. |
| Physical Executive Headquarters | Suite 6, 66 Adelaide Tambo Drive, Durban North, 4051, KwaZulu-Natal, South Africa |
| Statutory Regulatory Body | Property Practitioners Regulatory Authority (PPRA) 1240 Sovereign Drive, N17 Park, Boksburg, Johannesburg, 1459 | Tel: +27 11 731 5600 |
2. Non-Independent Agency & Trading Name Declaration
Pursuant to PPRA Regulation 34.3.4.6:
Regulatory Integrity Notice: rohanrealty.co.za is a registered internet domain name and curated personal marketing media hub operated by Rohan Ramlall. It does not operate as an independent estate agency business, legal person, or standalone brokerage firm. All property marketing, buyer representations, exclusive mandates, open mandates, Offers to Purchase (OTPs), commercial leases, and commission negotiations are facilitated and concluded strictly through Blue Ocean Realty (Pty) Ltd, an accredited property practitioner firm.
3. PPA Section 54 Trust Banking Account Declaration
The Property Practitioners Act 22 of 2019 imposes strict statutory fiduciary duties regarding the administration and receipt of trust monies:
- Zero Trust Monies via Portal: The website
rohanrealty.co.zamaintains no independent bank account, trust account, or payment processing facility. No client deposits, reservation monies, or trust funds are received, accepted, or processed through this digital portal. - Institutional Trust Account Governance: Any and all earnest money deposits, buyer holding funds, or transaction monies relating to agreements concluded through Blue Ocean Realty (Pty) Ltd are held and administered exclusively by:
- The appointed conveyancing attorneys' audited trust account (governed under Section 86(4) of the Legal Practice Act 28 of 2014); or
- Blue Ocean Realty (Pty) Ltd’s dedicated, separately audited Trust Banking Account maintained in strict compliance with Section 54 of the Property Practitioners Act 22 of 2019.
4. Promotion of Access to Information Act (PAIA) Notice
In terms of Section 51 of the Promotion of Access to Information Act (Act No. 2 of 2000, as amended by the Protection of Personal Information Act), Blue Ocean Realty (Pty) Ltd maintains an official PAIA Manual detailing:
- The company structure, functions, and categories of records held.
- The formal procedure to request access to personal or commercial records.
- The applicable statutory prescribed request fees and grounds for refusal.
The PAIA Manual is available for inspection at our executive offices (Suite 6, 66 Adelaide Tambo Drive, Durban North) or may be requested electronically by directing a formal request to:
PAIA Information Officer: info@blueoceanrealty.co.za | Subject: PAIA Information Request — Blue Ocean Realty.
5. FICA Compliance (Financial Intelligence Centre Act)
Blue Ocean Realty (Pty) Ltd is an Accountable Institution listed under Schedule 1 of the Financial Intelligence Centre Act (Act No. 38 of 2001, as amended).
As required by law, we enforce rigorous Risk Management and Compliance Programmes (RMCP). Prior to concluding any transaction or mandate, we are legally mandated to establish and verify the identity of all natural persons, trusts, and legal entities, identify beneficial owners, and report suspicious or unusual transactions to the Financial Intelligence Centre (FIC).