National FET Certificate in Real Estate (NQF 4)
The Estate Agency Affairs Board (EAAB) made it mandatory that all agents must acquire this National FET Certificate in Real Estate during their first 12 months as an intern agent. It is the first step in fulfilling the EAAB’s legal requirements. The other requirements that must be met to become a professional estate agent are:
- the completion of a 12 month internship,
- the submission of a logbook,
- passing the Professional Designation Exam [PDE], and
- ongoing Continuing Professional Development [CPD].
This national qualification is the qualification prescribed by the EAAB for all new interns. It has been specifically designed to develop all the competencies required by intern estate agents. These include:
- the code of conduct,
- marketing and sales,
- understanding the real estate business sector,
- bond financing,
- FAIS, FICA and other related legislation.
Intern agents will also be guided to complete their logbooks.
This qualification is offered either though Recognition of Prior Learning (RPL) or blended learning. (Note that face-to-face training is also offered at selected workplaces.)
Existing, full status agents may apply for RPL, but they may also opt for the online learning delivery option if they feel that they do not have sufficient current learning to complete the assessments without training. (Note, no intern agents can be RPL-ed for the full qualification.)
Blended learning offers a blend of online lectures (the same number of hours as you would get in class), using the same notes and slides you would receive in class, along with custom designed
e-learning modules created to appeal to the more visual learner.
For RPL enrolment:
- Only full status agents may enrol for RPL (or interns who were once full status agents who have extensive real estate experience);
- All RPL applicants will be required to complete a pre-RPL assessment to ensure readiness for RPL;
- RPL candidates to note that there is no training offered with the RPL enrolment option and all assessments are completed using your existing learning as the basis for your assessments.
For blended learning enrolment:
Learners must have a PC or tablet (or smart phone, but this could be too small for effective learning) with sufficient internet connectivity to download the online learning materials and view videos.
You should also ideally be employed in a property/real estate environment so that you are able to apply your learning immediately and complete the practical assessments.
The qualification is accredited and certificated by SERVICES SETA. It is registered with the South African Qualifications Authority (SAQA) as a 150 credit qualification at NQF 4 (SAQA ID 59097 – see www.saqa.org.za). Chartall Business College is accredited by the SERVICES SETA to train and assess the qualification.
The advantage of the portfolio as a mode of assessment is that it can be used after the learning to support the learner’s CV as it showcases what they can do practically (you will need to keep a copy of it for this purpose). Learners will still need to comply with any requirements of the EAAB (such as writing the Professional Designation Examination and ongoing professional development [CPD]).
Intern agents, and even principals, may feel overwhelmed with their logbook. Chartall Business College will guide you through this process step-by-step and make sure that you complete both your logbook and the qualification in your 12 month internship.
- Lectures 19
- Quizzes 0
- Duration 5 hours/week
- Skill level NQF 4
- Language English
- Students 8905
- Assessments Yes
Compulsory content as prescribed by the EAAB. Provides overview of the real estate sector, legislation, code of conduct, sales and marketing. Not specifically linked to unit standards but provides a good base for the rest of the training.
The real estate environment (including the code of conduct)
Real estate function
Real estate legislation
- 242584 Demonstrate knowledge and understanding of Financial Advisory and Intermediary Services Act 2002 (FAIS) as it impacts on a specific financial services sub-sector
- 242593 Explain South African money laundering legislation and the implications for accountable institutions in transacting with clients
- 246733 Demonstrate knowledge and understanding of the legislation applicable to real estate
Electives: bond finance and the development of a marketing strategy and team building
- 13418 Demonstrate knowledge and understanding of a mortgage bond as a form of debt security
- 13420 Demonstrate knowledge and understanding of the bond registration process
- 114583 Develop, implement and evaluate a marketing plan for a new venture
- 114596 Research the viability of new venture ideas and opportunities
- 242819 Motivate and build a team Electives: Business mathematics – optionally trained
- 7468 Use mathematics to investigate and monitor financial aspects
- 9015 Apply knowledge of statistics and probability
- 9016 Represent and calculate shape and motion in 2D and 3D space Electives: Business