Educational material now available for CPD

IMAGE: Courtney McKenna of PropAcademy

The EAAB announced that the CPD 2021 material will be uploaded in the coming weeks thereby making the CPD programme available from 1 October 2021 to all eligible estate agents.

Experience has taught the EAAB that there are some estate agents who experience difficulties in navigating the CPD portal which compromises their ability to complete the CPD programme. In this regard, the EAAB will, in due course, issue a schedule to remotely assist the affected estate agents using a meeting virtual platform.

“We wish to further reiterate the position we have clarified before that, all estate agents who did not take advantage of the CPD fee ministerial waiver in 2020 and made payment towards the CPD programme, will not be required to pay 2021 CPD fees.

“Conversely, all estate agents who took advantage of the ministerial CPD fee waiver for 2020, will be required to pay CPD fees for 2021.

“We urge those estate agents who have not yet done the catch-up to finalise their 2020 CPD programme before 1 October 2021,” the EAAB said in a statement.

The EAAB thanked the stakeholders for their patience and understanding.

Courtney McKenna of PropAcademy said continual professional development (CPD) is just that – information that keeps stakeholders up to speed with changes to legislation, regulations and general knowledge within the property industry.

“CPD is commonplace in most professions and has been so for years. Property practitioners are dealing with the public daily, and more than that, advising them on property-based investments.  This cannot be done without knowing current changes to various property related Acts. CPD also keeps you ahead of the pack with changes in the financial world that relate directly to the property industry.

“There are two aspects to CPD. One is verifiable CPD points, where you are required to achieve 15 points in 5 different property categories. Verifiable points are only attainable directly from the EAAB through the property practitioners EAAB portal. These verifiable points are in the form of online learning material, videos and then a quiz.

“Non-verifiable CPD points can be attained through PropAcademy or any other training that relates to property matters. Annually you are required to achieve five non-verifiable CPD points in 3 different categories. This information is freely obtainable on the PropAcademy website,” she explained.

When do I qualify for CPD?

Full status and principal status property practitioners qualify for CPD, which kicks in the year after the EAAB advised them that they were successful in their PDE4 exam. For example, if you write your exam in November 2021 and your PDE4 results are released in January 2022, you will need to comply with CPD in 2023.

“PropAcademy has several online CPD online short courses designed by experts, enabling the property practitioner to achieve the required non verifiable points in record time. Our courses are approximately an hour-long, include training material, online quizzes and a certificate for each point.

“Once both non-verifiable and verifiable points are completed, they must be uploaded to the CPD MyPortal, on or before a determined cut-off date. Should a property practitioner not produce these points as required, the EAAB may impose penalties, including a fine and rescinding of the practitioner’s Fidelity Fund Certificate.  Without a current valid FFC, you may not trade,” McKenna said.

Written by
Danie Keet (Property Professional)

EAAB: Agents need to comply with education regulations or be disqualified

MAIN IMAGE: Courtney McKenna, operations manager of PropAcademy; Jan le Roux, CE of Rebosa

A policy approved by the EAAB applicable to interns, non-principal or principal estate agents, has granted an extension of a time frame within which they can ensure compliance with the board’s education regulations.

The EAAB’s practise notice (ETD01/2020) states that these regulations do not apply to persons who want to enter the estate agency sector for the first time or to persons who have never previously applied for, or been issued with, a valid Fidelity Fund Certificate (FFC) by the EAAB. By law estate agents are required to have a valid FFC issued by the EAAB for them to practice.

The notice is applicable to estate agents holding full status FFC’s despite having failed to comply with the requirements of the standard of training of estate agents.

“The  extension is welcome and a deadline  for interns very necessary. It will, however, be impossible for the EAAB to cope with the  increased volumes as it is not coping at present “, says Jan le Roux, CE of Rebosa.

Interns

In the case of interns, the notice is applicable to persons who have continuously been registered as intern estate agents for a period exceeding twenty-four months. They are granted time until 30 June 2022 to submit a completed intern logbook to the EAAB, duly signed off by both the intern agent and the principal or qualifying mentor estate agent. This will serve to assess if the intern was initially issued with an intern FFC during 2013. Alternatively, the intern can submit a letter from a principal of the estate agency where the intern estate agent served the internship to confirm the successful completion of the twelve-month internship period.

The intern should also be certificated against the NQF Level 4 real estate qualification and have passed the PDE 4. Interns who fail to comply with these regulations by 30 June 2022 will be ipso facto rendered disqualified in terms of the Act.

In the case of intern estate agents who have not passed the PDE within two years after having been certified against the NQF Level 4 real estate qualification, are granted until 30 June 2022 to enrol for and pass the PDE 4. Failure to pass will lead to disqualification.

Estate agents

Registered full status non-principal estate agents who have not been certified against the NQF level 4 real estate qualification or who have not passed the PDE45 but who hold a valid FFC, also have until 30 June 2022 to be certificated against the NQF Level 4 real estate qualification and to pass the PDE. If they fail to do so by 30 June 2022, they will be ipso facto rendered disqualified.

Principals

The same regulation applies to registered full status principal estate agents holding a valid FFC but who have not been verified against NQF level 5 real estate qualification or who have not yet passed PDE 5 while failure to comply will also lead to ipso facto disqualified.

Consequences

The consequences of being rendered disqualified in terms of the act, will lead to the person being blocked and unable to renew their FFCs for 2022 or any ensuing calendar years and pay an administrative penalty of R1000.00. The penalty must be paid before any further FFCs will be issued to them.

Agents in these situations can apply to the EAAB under the proviso to section 27 of the Act, for the issue of an FFC for the 2022 calendar year if they can convince the board that it will be in the interest of justice to issue the FFC. This application must be lodged with the EAAB within a period of sixty days after the person concerned is notified of the disqualification. Failure will render the person disqualified.

A disqualified estate agent will remain blocked until:

  • The EAAB has received a substantive application from the applicant in the form of an affidavit, together with all supporting documents necessary or required to enable the application to be duly considered, in which the applicant provides sound and valid reasons as to why the issue of a FFC will be in the interest of justice and
  • the application has been duly considered and approved.

On approval, the estate agent may be unblocked and granted a maximum further six months, calculated from the date of the unblocking of the application, within which to comply with any outstanding educational requirements in terms of the education regulations. No further extensions of time will be granted to the applicant estate agent.

Failure by an applicant to comply with any outstanding educational requirements in terms of these education regulations within the set period, will render that estate agent ipso facto deregistered as an estate agent.

Estate agents who have been deregistered by the EAAB, may reregister, but only in the capacity of an intern estate agent. They will be required to comply with all the requirements pertaining to an intern estate agent. This Practice Note came into effect on 1 July 2021.

Courtney McKenna, operations manager of PropAcademy, an accredited provider of regulated estate agents’ qualifications, education and an RPL assessment centre, welcomes this Practice Notice with open arms and says it is way overdue and will professionalise the industry.

“The EAAB legislated education some 13 years ago but they never fully implemented their checking policies to police this process, resulting in property practitioners trading as full status or principal status agent as reflected on their fidelity fund certificate, where in fact they have not complied with education requirements and intern agents remaining at that status for years past the cut-off date.

“Part of the reason that property practitioners have not complied with education can be put down to their complacency with the Board. The Board’s administrative systems have been unable to issue FFCs timeously, unable to produce regulated CPD courses timeously and the question is asked: “how will they be able to monitor my education status?”

McKenna says all property practitioners must be compliant by end of June 2022 which is going to be a hard task for some. However, there is relief in recognition of prior learning (RPL), where agents will be able to fast-track their learning, terms and conditions apply.

Written by
Danie Keet (Property Professional)

Which Professional Designation should I be using?

The professional designations that may be used by qualifying estate agents

Below is a list of the designations set out by The Estate Agents Affairs Board (EAAB).

In addition to the below, there are restrictions to using these designations:

  • you must have a valid fidelity fund certificate, and
  • you must have passed the required exam.

If you were granted exemption against the PDE, you may not use the designation. You may, however, elect to write the exam should you wish to earn the entitlement.

PPRE

You may use this designation if you have passed the PDE 4.

MPRE

You may use this designation if you have passed your PDE 5.

PPRE MPRE

If you have passed both the PDE 4 and PDE 5, then you may use both designations.

Referring to practice note ETD01/2013 effective as from 19 March 2013.

How to find out if you are exempt from studying regulated Property Practitioner Courses?

Real Estate Course Exemptions

Any person wanting to become a Property Practitioner will have to complete his/her 12 month internship, NQF qualification, PDE exam.

Having to complete studies to enter the Real Estate space can be daunting, especially if you have spent years studying in a different field.  At PropAcademy we have de-mystified the Estate Agents Affairs Board (EAAB) exemption requirements and look forward to assisting you in obtaining an exemption in the regulated NQF qualification.

The EAAB requires that newcomers to the industry complete their 12 month intern logbook portfolio of evidence, your NQF Level 4 Real Estate and the Professional Designated Exam Level 4 (PDE4).

FET: NQF Level 4: 59097: Real Estate

Any person holding an accredited NQF level 6 or higher from a tertiary institution, that took a minimum of 3 years to complete, regardless of what the qualification is, may be exempted from NQF4 Real Estate 59097.

NQF5 20188 Real Estate

Any person holding an accredited NQF level 7 or higher from a tertiary institution, that took a minimum of 3 years to complete, regardless of what the qualification is, may be found exempt from NQF5 Real Estate.

Intern Logbook

You must have held a FFC as a registered estate agent prior to 2013

PDE4 & PDE5

To qualify for the grant of the statutory exemption against the Professional Designation Examination (PDE) the applicant must have been issued with valid Fidelity Fund Certificates by the EAAB for a continuous (without a break) period of five years at any time prior to 15 July 2008.

Over 60’s Exemption

You must have held a valid FFC as an operating estate agent for 5 consecutive years

Real Estate is Leading the Way in SSETA Digital Strategy

Real Estate is Leading the Way in SSETA Digital Strategy

In a move that reflects the Services SETA’s determination to embrace the benefits of the fourth industrial revolution, SSETA is launching its first ever online learning program this month in association with Durban-based real estate elearning provider, PropAcademy.

This pilot programme, which forms part of the SSETA’s eLearning Adoption Project, will enable 15 real estate students to complete a four-week course in property valuations from the comfort and convenience of their homes or offices at a time that suits their busy schedules.

The course, which carries 12 SAQA credits, was compiled by PropAcademy and incorporates a range of elearning materials including videos and webinars. Students will be able to access the course via the SSETA’s Learner Management Information System (LMIS); and their work will be assessed and moderated by PropAcademy’s team of real estate training professionals. The LMIS is an online interactive platform where learners will be issued with their own portals where they can complete their course, answer questions and upload required evidence and documents.

The project is headed by Tumelo Ngwako, acting accreditation manager at SSETA and head of its elearning implementation committee. Dumisani Zinondo, from ImplementX Analytics whose expertise includes aiding and implementing elearning strategies and solutions, has been appointed to lead the project. ImplementX Analytics work closely with Xenothan Hojem of Synrgise who runs the learning platform.

The project is part of the SSETA’s quest to continuously improve its value proposition to its stakeholders. The aim of this pilot project is to transition the capabilities of the Services SETA to an operating model that includes accredited elearning or online learning programmes.

Real estate professionals work long and variable hours and this type of learning will benefit them enormously with the convenience and accessibility that online learning provides. SSETA is therefore kicking off the initiative with a pilot project in the real estate industry.

PropAcademy CEO Janet Alexander said the company was honoured to have been selected to partner SSETA in this new and exciting venture.

“As a South African pioneer in the provision of online courses for real estate professionals, including those aimed at qualifications regulated by the Estate Agency Affairs Board, PropAcademy has seen the popularity of online learning explode within the industry. We are therefore delighted with the brave progressive decision by SSETA to investigate the potential of eLearning. We have seen first-hand how it increases access to training and advancement for all individuals, including those living outside the major metropolitan areas where most on-site training courses take place,” she said.

How to Become a Registered Property Valuer

How to Become a Professional Property Valuer

There are many courses on the market which will help you understand the functions of a Property Valuer, but they do not automatically qualify you as a Registered Professional Property Valuer.  To register as a valuer with a financial institution, as an example, you must be a member of  SACPVP – South African Council for the Property Valuers Profession.

SACPVP regulates their members education, requires that the applicant passes their set examination, adheres to their code of ethics and keeps up with property legislation through obtaining annual Continual Professional Development (CPD) points.

Members must pay an application fee, registration fee and then an annual renewal fee.  There are different types of registrations:

Candidate Valuer: Your application requires that you are registered with the relevant tertiary institution for an accredited Valuation programme.

Professional Associated Valuer: You must supply a record of experience in the valuation field for the admission examination.  You must also supply proof of qualifications and attendance to the Practical Work-school.

Professional Valuer: A Professional Associated Valuer can apply to become a Professional Valuer  and to write the admission examination for Professional Valuers long as he/she has:

  • sufficient experience;
  • been a registered member of SACPVP for at least 3 years and
  • has a recognised four year degree

To qualify as a professional, the following is also required

  • One of the Examinations/ Qualifications mentioned below
  • Practical Work-school (offered by various service providers recognised by SACPVP)
  • Admission Examination for Professional Valuers or Admission Examination for Professional Associated Valuers.

Accredited Educational Programmes

ACCREDITED EDUCATIONAL PROGRAMMES, PRESCRIBED OR RECOGNISED EXAMINATIONS: [SECTION 20(2)(a)(ii)]

The following educational programmes have been accredited to offer examinations recognised by Council:

(a) University of Cape Town (Department of Construction Economics & Management), any one of the following · BSc together with BSc (Hons) Property Studies (4 year degree), · Post Graduate Diploma Property Studies, or · MSc Property Studies Full Accreditation

(b) University of the Witwatersrand (Wits University) · BSc Property Studies (4 year degree) · Post Graduate Diploma in Property Development and Management · MSc in Property Development and Management Full Accreditation

(c) University of Free State Master of Land and Property Development Management M.L.P.M. (M Prop): Property Valuation-Conditional Accreditation

(d) University of Pretoria (Department of Construction Economics) · MSc: Real Estate, or · BSc (Hons) Property Studies together with BSc Real Estate Full Accreditation

(e) University of Johannesburg B Com Hons (Property Valuation & Management) together with one of the following: · B Com Finance; · Advanced Diploma in Property Valuation & Management; or · Bridging Course in Property Valuation & Management (Refer to the University) Full Accreditation

(f) University of South Africa- (UNISA) National Diploma Real Estate (Property Valuation) Qualification discontinued end of academic year 2011

(g) Cape Peninsula University of Technology · National Diploma Real Estate (Property Valuation)– new enrolment until 2017- Full Accreditation · Diploma Real Estate from 2018 Academic year—Offered as both contact and distance learning (Accreditation visit pending until 2021)

Disclaimer:  To ensure that your information is current we suggest that you access the SACPVP website highlight “Registration”, click “How to Register” and read through the processes.

How to Qualify as a Full Status or Principal Real Estate Agent

Qualification Process for Real Estate Agents

It is quite a daunting process understanding real estate education regulations in South Africa, and the set qualifying process.  We are going to do our best to set this out for you in a way that you can easily understand the steps, and why they have been implemented.

Prior to 2008 estate agents were required to write an exam set by the EAAB, and that was it.  The EAAB was formed to regulate the conduct of estate agents.  The EAAB was established in 1976 in terms of the Estate Agency Affairs Act 112 of 1976 (‘the Act”), with the mandate to regulate and control certain activities of estate agents in the public interest.

The EAAB regulates the estate agency profession through ensuring that all persons carrying out the activities of an estate agent as a service to the public are registered with the EAAB. A Fidelity Fund Certificate, which is to be renewed each year is issued as evidence of such registration and confirmation that such person is legally entitled to carry out the activities of an estate agent.

South African Qualifying Association (SAQA) is the body that issues qualifying certificates from school to Doctorates.  ServiceSETA (SSETA) falls under SAQA and controls the NQF4 and NQF5 real estate qualifications.

Here is a high-level overview of each step. Should you want additional or detailed information about any aspect of the process, simply click on the links provided.

The Qualifying Process – Step-by-Step

Step 1: Preparing for the Journey

Before you can study to become a qualified estate agent, you must:

Step 2: First Steps – Intern logbook

  • Start your intern logbook. This must be completed in 12 months. Click here for details of how PropAcademy can help you to meet this deadline. If you miss the deadline, you may find yourself facing disqualification, having to start all over again.
  • You can check your due date for submission of your logbook by logging in to the EAAB portal and clicking on “Qualification Status”.

Step 3: NQF4

To become a full status real estate agent, you must be competent in the outcomes-based NQF Level 4 Real Estate requirements as set out by the SSETA and be found competent in your PDE4 exam.

  • Check whether you qualify for NQF4 exemption. Click here to check your qualification against the EAAB Matrix. If you think you qualify for exemption, apply for this (this can take two months).
  • If you are not exempt, determine whether you need to complete:

If you are doing the NQF4 or the NQF4 RPL course, and cannot provide proof that you have passed Mathematics and a 2nd South African language at a Matric level, then you will need to purchase the relevant bridging courses through PropAcademy. The NQF Level 3 Functional Mathematics Course and/or the NQF Level 3 Literacy Course.

Step 4: Professional Designated Exam Level 4 (PDE4)

To become a Full Status estate agent, you must write and pass the EAAB’s PDE4 exam.

This is a 4-hour open book exam written through the EAAB. Check the next exam date by clicking here. Bookings for this exam open 6 weeks prior.

  • As soon as you receive your NQF4 competency certificate from SSETA, book for your PDE4 exam with the EAAB.
  • Brush up on the knowledge you will require to pass the exam, this course has maintained it’s 100% pass rate.
  • Write and pass this exam.
  • Go out and celebrate – you are now a Full Status Estate Agent!

Step 5: CPD Points

To maintain your status, you will need to earn CPD points. Click here for details about the CPD process and complete your non-verifiable CPD points online by registering here.

Step 6: Achieve Principal Status – NQF5

To become a Principal Property Practitioner, you must be found competent in NQF5 Real estate. You do not have to have written your PDE4 exam to begin your NQF5 studies, however this exam must be completed. To start your NQF5 studies you must have completed your NQF4.

  • Check whether you qualify to be exempt from NQF5. Click here to check your qualification against the EAAB Matrix. If you think you qualify for exemption, apply for this (this can take two months).
  • If you are not exempt, determine whether you need to complete:
  • Another celebration is called for – you are now a Principal Property Practitioner! Just one more step to go to maintain your status…

Step 7: Professional Designated Exam Level 5 (PDE5)

Your journey is coming to an end. Armed with your NQF5, you have just two years to write and pass your PDE5 to maintain your Principal Status. Bookings for this exam open 6 weeks prior.

  • Check the next exam date by clicking here and book your seat through the EAAB.
  • Brush up on all your real estate knowledge to sit for the four-hour PDE5 exam. Our 100% pass rate is still intact.
  • Write and pass your PDE5 exam
  • Your journey is complete

EAAB & ServicesSETA Qualification Process Infographic

To make it a little easier for you to keep track of the qualification process, we’ve put together this handy infographic which you are welcome to download, print and share.

Real Estate Qualifications Flow Chart

Click the image above to download and save it to your computer or print it out so you can refer to it at any time.

The Qualifications Flow Chart | Who is PropAcademy? | How to Register for a Course | Enter the Lucky Draw

Hint: Read our blog – it contains interesting hints and tips. For more detailed information, download our eBook “Estate Agents Affairs Board (EAAB) & ServicesSETA (SSETA) Qualification Guide”.

We hope this makes the EAAB & ServiceSETA qualification process for real estate agents a little easier to follow, but if you have any questions, please post them in the comments below or contact us and we’ll gladly assist you on your path to becoming a qualified estate agent. And if you found this guide helpful, please like and share it with your friends and colleagues.

How to Own Your Own Real Estate Agency in South Africa

So you’re a high-achieving real estate agent. You work hard for your commission and you’re tired of paying over a large amount of your earnings to the estate agency firm you work for every time you make a sale.

How to Own Your Own Real Estate Agency in South Africa

You want to be your own boss, own your own estate agency firm, and retain your commission for yourself. And possibly, one day, you may even have estate agents working for you and paying over some of their commission to you!

That’s a great ambition to have. Real estate is an exciting profession, but even more so when you are in control of your own agency.

But before you rush off to sign a lease on your new premises, there are a few steps you have to take. The first, and most important of these, is to become a Principal Estate Agent.

The Estate Agents Affairs Board (EAAB) requires that the owner of every estate agency must be a qualified Principal Estate Agency – or Principal Property Practitioner. This means that you must have had some experience in running an estate agency firm and you will have qualified in terms of regulations set by the EAAB and by Services SETA (SSETA).

Let’s start at the beginning and track the route every prospective real estate agent must take en route to owning his or her own estate agency firm.

The first step – for every new entrant to the profession regardless of their background or previous qualifications – is to join an estate agency firm, obtain a fidelity fund certificate (FFC), and complete a 12-month internship. During this 12-month period, the intern estate agent collects information and completes a portfolio of evidence (PoE) which must be lodged with the EAAB.  You can enrol in our online Intern PoE logbook course directly on our website right away.

If you have already been in the industry for a few years, you will also have to produce a PoE for the Board, clearly showing evidence of at least a year in the field before you can become a full status estate agent.

The EAAB requires all intern agents complete their studies to become full status estate agents within two years from the time they are issued with their Fidelity Fund Certificate from the Board.

To become a full status estate agent, you must complete the Further Education Training: National Qualification Forum Level 4 Real Estate (NQF4) qualification, and then write your EAAB Professional Designated Exam level 4 (PDE4). All of these courses are available on our website and can be completed from the comfort of your home or office via an internet enabled mobile or computer device.

At PropAcademy, we strongly recommend that you start your NQF4 once you have been in the business for three months – while you are still completing your intern logbook PoE.

That’s because your NQF4 will take six-and-a-half months to complete. Then, once it’s submitted to SSETA (PropAcademy can assist you with this), it will take approximately one year before you are issued with a competency certificate.

Only once you have this can you can register with the EAAB to write your PDE4 to have your status changed from intern agent to full status agent – and you’ll be entitled to use the letters PPRE (Property Practitioner Real Estate) in your advertising material.

What if you have a degree or qualification which includes you having passed subjects that are directly related to the real estate industry? The EAAB makes provision for Recognition of Prior Learning (RPL) so it’s possible that you may be exempt from writing the NQF4 qualification.  An exemption matrix is available on the EAAB website.

Recognition of Prior Learning also relates to estate agents who have been estate agents since 2008 with no break in service and wrote the old Estate Agents Exam during that period.

So now you’ve completed your NQF4 (or obtained exemption) and your PDF4 qualification. You’re a full status estate agent. Your next step is to go on and achieve Principal Estate Agent status.

The EAAB requires you to have at least two years’ hands-on management of running a business, or to have been involved in the running of your employer’s estate agency firm. In addition, you will have to obtain an NQF5 qualification and pass your PDE5 exam.

Your NQF5 can be completed in six months but your work will then have to go through the normal SSETA channels before you can be issued with a certificate of competency.

Once that is done and you have your certificate, you will have to register with the EAAB to write your PDE5 and voilà, you will now be a Principal Estate Agents (soon to be known as a Principal Property Practitioner).

And NOW you can register and run your own estate agency business.

There are many regulations that must be adhered to in running your own estate agency. These are set out in the Estate Agents Affairs Act as well as the Code of Conduct and Ethics. PropAcademy can help to guide you through the requirements to ensure that when you are audited by the Board you are not penalised for any irregularities.

If you have any questions or would like further assistance with the process of becoming a real estate agency owner, or you’d like to know more about the real estate courses we offer, please feel free to contact us, and we’ll gladly assist you.

Written by Janet Alexander, CEO, PropAcademy

Finding the Right Internship in an Estate Agency

Now that you have decided that real estate is something that you want to pursue, you will need to become qualified. Not only will you have to achieve certain qualifications to begin your education as a real estate agent, you will also be following online training as well as completing an internship.

Find the Right Internship in an Estate Agency

An internship is a process of learning while you are working. You will find a real estate agency that will take you on as an intern and then work under the mentorship of an agent with at least three years experience and recognized as an official mentor by the EAAB (Estate Agency Affairs Board).

Fidelity Fund Certificate

You will be licensed to operate as an intern with a Fidelity Fund Certificate.
The great thing about the intern programme in the real estate industry of South Africa is that it gives the aspirant immediate hands on experience. You get to jump right in feet first. Interns can get down to work immediately. You can begin to show clients property, create and execute marketing strategies, and as soon as you have the hang of it you can, through your mentor, even advise clients on legal matters, costing and price negotiation. Of course you will also be learning to keep up with all the administration that is expected of a real estate agent.

In total over the entire year the intern will probably log up to 1500 hours in formal training. The bulk of these hours can be clocked while at work, but interns will also be expected to study and do courses in conjunction to the practical side. Most interns will opt for the online training for estate agents. This allows you the flexibility to study at your leisure and fit your courses and classes into your schedule. After this internship period, you will complete your NQF level 4 portfolio of evidence and be found competent by Services SETA. Then you will be required to pass the EAAB’s examinations (the EAAB”S Professional Designation Examination), PDE level 4, and if you are aspiring to become a principal (to own your own business) the NQF level 5 and PDE level 5.

You can, however, also apply to earn credits for previous education and ‘prior learning’. This means that you can gain credit for diplomas or national certificates that hold in other fields sectors that could pertain to real estate. Inquiries about exemption status can be directed to PropAcademy who assist you in completing the required EAAB documentation.

One thing that you will need to be aware of as an intern is that you must always make the client or customer aware that you are in fact an intern. This must be transparent at all times. Failure to do so can result in disaster!

When asking the seasoned and successful agents in the field today how to go about finding the right internship, the answer is pretty much the same across the board. Find a mentor who embodies the ethical standards and code of conduct expected from a well qualified estate agent and then cultivate your own set of standards. You can’t go wrong.

How to Become an Estate Agent in South Africa

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.

How to Become an Estate Agent in South Africa

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 Services SETA 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
  • honesty
  • integrity
  • good organizational skills
  • assertiveness
  • 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.