select
|

Estate Agents: Get Qualified

Some estate agents still seem inclined to ignore the fact that all estate agents now have to obtain the Further Education and Training Certificate in Real Estate (which is on Level 4 of the National Qualification Framework) and this has to be done by 30th June 2015.  Similarly, all real estate business owners must obtain the National Certificate in Real Estate (NQF5) by that date.

“Time is running out for unqualified estate agents, some of whom still seem to think that a further extension may be given or even that the new educational regulations set up by the Estate Agency Affairs Board will somehow be set aside,” said Barry Fourie, head of the Rawson Property Group’s Training Academy.

Agents who already have a valid Fidelity Fund Certificate duly issued by the Estate Agency Affairs Board as at 15th July 2008, said Fourie, can obtain the new qualification through the Recognition of Prior Learning provision. New entrants are required to do a 12 month learnership with an accredited training provider while completing a log book of activities as intern estate agents.  These log books must then be sent to the Estate Agency Affairs Board at the end of the 12 month intern period.

After obtaining the statutory qualifications, estate agents are required to write the Professional Designated Examination (PDE) of the Estate Agency Affairs Board.  Agents that pass the PDE are entitled to use the designation: Professional Practitioner in Real Estate (PPRE).  Business owners that pass the PDE are entitled to the designation: Master Practitioner in Real Estate (MPRE).

Agents are also required to complete further training in Continuing Professional Development (CPD) during a three year cycle to ensure that they keep up-to-date with changing legislation and trends.

The Rawson Training Academy, an accredited provider of training, fully supports the drive by the Estate Agency Affairs Board to professionalise the real estate industry, said Fourie. He added that the measures taken so far have already ensured a marked increase in the standard of people serving the industry.

Fourie cautioned estate agents to make sure that they use only accredited training providers to obtain these qualifications.

“Agents must be aware that, at this stage, only the Estate Agency Affairs Board is an accredited provider of Continuing Professional Development.  Agents should not be fooled by training providers claiming to offer CPD courses when they are in fact not licenced to do so.”


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 20 Feb 2018
      Owning a home is a milestone that most South Africans aspire to. Becoming a homeowner is a step towards growing personal wealth and owning an asset that appreciates in value over time, provided of course that the correct principles are applied during the buying stage of the process, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Feb 2018
      The suburb of Greenstone in Johannesburg east came to be over the last two decades. “In the beginning, it was literally just a hill with not so much as a shopping centre,” says Michael Levy, Property Consultant at Jawitz Properties Bedfordview. Today it has plenty shopping facilities and is fully built, boasting high-density, upmarket housing and residential estates, though still has a few pockets poised for commercial development.
    • 20 Feb 2018
      A major shift in the ageing paradigm has precipitated an equally dramatic transformation in the retirement sector, with modern accommodation options worlds away from the conventional model.
    • 19 Feb 2018
      Possibly one of the biggest sources of contention between landlords and tenants surrounds the rental deposit. “Most tenants rely on getting their rental deposits back when moving, so that they can use it to pay a deposit on their new home. Having it withheld or even having large amounts deducted can lead to a lot of distress,” explains Bruce Swain, CEO of Leapfrog Property Group.
    • 19 Feb 2018
      Situated approximately halfway between Johannesburg and Pretoria, Midrand was established in 1981 and forms part of the City of Johannesburg Metropolitan Municipality. It has become one of the major business hubs in the country with major pharmaceutical, textile, telecommunication and motoring giants situated within its boundaries.
    • 19 Feb 2018
      The PayProp Rental Index Annual Review of 2017 shows that the rental market suffered from much volatility during the year. It kicked off with rental growth spiking in January with weighted year-on-year growth (YoY) growth peaking at 8.3% before dropping to 6.34% in July, dipping down to less than 5% in November and then experiencing a slight uptick at 5.75% in December.
    • 19 Feb 2018
      While most homes in cluster complexes, estates and other gated communities come with at least one garage or carport, residents would often like additional permanent parking or storage areas for things like trailers, bikes, boats and caravans.
    • 16 Feb 2018
      Whether you own a property in a sectional title complex or are looking to invest in one, the financial standing of the body corporate is the single most important thing that can affect your investment or your buying decision.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK