Why complete the NQF Level 4 Real Estate Course?
Being an estate agent can be highly rewarding but without being qualified as a real estate agent, the opportunity to advance your career is limited. But, before taking the leap, it’s important to know what it takes to complete the NQF Level 4 Real Estate Course and how to earn an income you can depend on.
The Real Estate industry is highly competitive and dependent on the well-being of the economy. Having said that, it’s also an industry where opportunities will exist for young people eager to develop a career.
Signing up for a real estate learnership and completing the NQF Level 4 Real Estate Course is the first step to becoming a qualified estate agent.
Learnerships in the real estate industry
The Estate Agency Affairs Board (EAAB) of South Africa developed the ‘One Learner – One Estate Agency’ Youth Empowerment Brigade Programme to help young people get started in this industry.
One of the objectives of this programme is to increase the number of youth and previously disadvantaged persons within the estate agency environment.
This learnership programme is available to matriculants, FET (TVET) college graduates, university and university of technology graduates and people with a disability.
Steps to become an intern in the real estate industry
- Applying to the Estate Agency Affairs Board to become a learner/ intern.
- Signing up as an intern with a registered estate agency.
- Serving as an intern under the supervision of a principle estate agent who must have a valid fidelity fund certificate.
- Spending 12 months under the principle agent. During this time interns are exposed to the practical day-to-day requirements of an being an estate agent.
- Completing the Further Education and Training (FET) NQF Level 4 Real Estate Course.
- Finishing the Portfolio of Evidence (PDE 4). This tracks the activities and functions undertaken during the internship.
- Being issued with a Certificate of Competency from the Services SETA following the completion of the NQF Level 4 Real Estate Qualification.
What is involved in the NQF Level 4 Real Estate Course?
- The SAQA accredited course requires 150 credits (or 1500 study hours) during the twelve-month period.
- The course needs to be conducted through an accredited training provider with the Services SETA (SSETA). SSETA require 30% of the time spent studying to be in the classroom and the rest is hands-on and practical. It is designed so that the intern estate agent can easily complete the qualification at their own pace within the allocated time.
- The objectives of the qualification are to achieve the following outcomes:
- Analyse, evaluate and apply the Real Estate Code of Conduct and Ethics.
- Demonstrate knowledge of the Real Estate environment and the various laws, rules and regulations that impact on the Real Estate function.
- Perform the Real Estate function.
What does it take to complete the NQF 4 Real Estate course?
- Hard work. Time needs to be set aside to complete assignments and course work and still meet the demands of working within your agency.
- Ability to manage your time. You may be juggling many responsibilities and you will need to put aside time to attend to your studies.
- Ability to manage your funding. As an intern estate agent, you’ll be paid either a commission on sales or a small basic salary depending on the agency. In the beginning this may be difficult so you’ll need to ensure that you have the necessary financial and social support in place to help you during this time. Depending on whether your agency has registered with the SSETA, you may be eligible for a small learnership stipend.
- Resilience. As with any career, there are ups and downs. The property industry is very competitive and is depending on what’s happening in the economy.
Benefits of qualifying as an estate agent?
- Financially rewarding as you’ll not have to share your commission with your supervising agent.
- Better able to service your clients. You’ll be more informed and knowledgeable in all aspects of being an estate agent and this will build your confidence.
- The opportunity to up-skill further and go on to obtain further qualifications within the industry.
- Ability to embark on building a career in an industry that is dynamic and challenging.
- You’ll be trailblazing for other youth who want to transform the economic landscape in the property industry in South Africa.
or alternatively click on button below to learn more about i-Fundi’s NQF 4 Real Estate Course.
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