In 2008 the EAAB (Estate Agency Affairs Board) tightened the requirements for entry into the field of Real Estate. This preceded a drop in the South African market following the devastation in the American mortgage market. The recession in South Africa saw approximately two thirds of estate agents who had registered in 2008 leave the sector to re-qualify. It is estimated that there are an estimated 40 000 estate agents in South Africa today. The transformation of the industry since the 2008 regulation change and the subsequent economic slump has seen a surge in job creation and especially a new generation of young black South Africans entering the real estate sector.
Online Courses for Estate Agents in South Africa
Getting qualified as an estate agent today is relatively easy. Online courses can be completed in concert with the required internship. This is imperative in order to provide the young and aspiring estate agent with the correct training opportunities so that they are well equipped to earn a decent income working in an industry that is extremely fickle.
The basic requirements for starting a career as an estate agent are not that complicated. The first thing that an applicant needs to complete is the 12 month internship being mentored by a professional and experienced estate agent. The second is to complete the FETC (the Further Education and Training Certificate) in Real Estate at level NQF 4. Lastly candidates must also write and pass the Professional Designate Exam (PDE) after they have been found competent by ServicesSETA in their NQF Level 4 portfolio of evidence. If an agent wants to further extend his education in order to become a principal and run his own business he must be found competent in NQF level 5 and PDE level 5.
Study Online in Your Own Time While You Hold Down a Job
It is possible to combine the FETC NQF 4 qualification and the internship so that the candidate can work on these two aspects of the qualification at the same time during the first year of internship, as long as the estate agent has completed at least 8 months of his internship. Also if the aspirant holds any degrees or diplomas in certain areas, it is possible to apply for and be exempt from completing the FETC. Inquiries about exemption status can be directed to PropAcademy who assist you in completing the required EAAB documentation. We are also RPL agents and can assist applicants in applying for exemptions. Sign up for our Recognition of Prior Learning (RPL) EAAB Exemption Application Service here.
One of the advantages of studying (online for example) and getting qualified while working and gaining experience in the field in an internship is that of being able to learn and earn at the same time. It is also possible to study part-time and still be in a position to have practical experience and keep a job. Online learning also facilitates the ability to carry on working while getting qualified.
Explore our online real estate courses, and get started learning today!
The Real Estate industry is exciting and fast paced. Whether the market is booming or if it is in a slump, real estate is always something that will be in demand. In order to become the best real estate agent possible it is important to embody these characteristics.
- good communication skills
- good organizational skills
- the ability to learn quickly and apply that knowledge
For further information the EAAB website offers a wide spectrum of material about the industry, the rules and regulations, and everything else that one needs to know to become an estate agent.