How to become an immobilizer in South Africa!

 

Would you like to pursue a real estate career? Follow this step by step guide for all the information you need to become an agent in SA. for sale

You might have heard about 'qualified real estate agents' or maybe even considered working in the real estate industry, but you have probably started your quest and then discarded it because of the jargon used or because of the various resources you needed to work through to get the complete picture. We examine the process in depth and what a real estate specialist has to do to earn a commission.

It is not as easy today to qualify as an estate agent as it was in the past. "The right training opportunities for an aspiring estate agent are essential in order to ensure they are well-equipped to earn decent earnings in an extremely competitive industry," warns Lara Machado, Engel & Völkers South Africa Sales Trainer.

This Guide deals with the following:

Terms definitions used

Who needs a qualification for real estate

The costs included

The fundamental requirements

Go ahead – five steps

Before you start, you need to know:

Definitions: Definitions:

Regulations on education mean The Standard of Training for Estate Agents

EAAB refers to the Board of Estate Agency Affairs

Level 4 NQF refers to the certificate for additional education and training required by non-primary estate agents

National Certificate NQF Level 5: Required by major estate agents

PDE means the EAAB Professional Appointment Examination

PDE 4 means the examination of the professional designation for non-principal estate officers

PDE 5 means examination of professional designation of primary estate agents

FFC means EAAB Certificate of Fidelity Fund Validating Legal Property Traffic

Who needs a qualification for real estate?

Anyone who buys or sells property as a trade, negotiates to buy or sell property is required to have an immobilial qualification;

Canvasses or undertakes or offers canvasses for a rental tenant or renter of property; Publicly displays a property for sale or for letting;

collects or receives any money paid for the lease of a building or a business enterprise; or rends any other service that the Minister of Human Settlements is entitled to specify in the Government Gazette, through a notice.

What are the costs?

Fees apply, as with any professional qualifications. The costs cannot be paid at once, but at different stages of the process. The total charges for the period of 2 years are approximately R25 000.

 

What are the fundamental requirements?

The intern must complete the 12-month internship with an experienced, professional estate agent. This requirement ensures that the staff is provided with a personal record of all completed practical tasks and workplace experience.

The intern is expected to complete and maintain a logbook in which the executive/mentor/coach/supervisor assigned to help and provide the internship agent with logistical support during the course of the internship is recorded and signed off.

No exemptions for completing the internship or the logbook will be granted.

The intern estate agent must complete their FETC (Further Education and Training Certificate) with a certified supplier at NQF 4 level in real estate, and receive a SETA certificate of competence (the Services Sector Education and Training Authority)

There are 150 loans, equivalent to 1 500 notional hours (study hours needed to complete the course).

The FETC NQF 4 qualification can be combined with the internship, so that the interim agent can work on both aspects of the qualification simultaneously until he has completed a minimum of 8 months of the internship.

If the intern has degrees or diplomas in some areas, the FETC can be applied for and is exempt from completion.

Finally, an intern must also write and pass the Professional Designate Exam (PDE), after the competence of Services SETA has been found in his NQF level 4 evidence portfolio.

 

The PDE 4 must be forwarded to the internal estate agent of the internal fidelity fund certificate within 2 years from the date of first issue and grant an intern estate agent status upgrade to the status of full non-main estate agent.

No exceptions to the written PDE examination will be granted.

If you want to extend your training to become a principal and to run your own business, you need to be qualified in level 5 of NQF and level 5 of PDE.

 

The completion of the whole process takes 2-3 years for an intern to complete and 3-4 years for a principal. An internee agent may sell property in the process, but without the presence of the principal or full-service agent, no legal documentation – mandates or contracts – can be signed. Professional, registered designations – PPRE – Real Estate Professional (PDE 4) and MPRE – Master in Real Estate