What Is Real Estate?
Real estate is immovable property of this type that consists of land and the buildings on it, as well as its natural resources, such as crops, minerals, or water; an interest in this (also) constitutes real property, or (more broadly) buildings or houses in general. In legal terminology, real refers to real property, which is distinct from personal property, and estate refers to a person’s “interest” in that real property. Real estate is distinct from personal property, which includes things like cars, boats, jewelry, furniture, tools, and a farm’s rolling stock but is not affixed to the land permanently.
Who Is An Estate Agent?
A person or organization that coordinates the buying, renting, or management of homes and other buildings is known as an estate agent. A letting or managing agent is a term used to describe an agent who focuses on the rental market. Estate agents are primarily involved in the marketing of real estate that is up for sale, while legal documents are prepared by a licensed conveyancer or solicitor. However, a common practice in Scotland is for solicitors to simultaneously serve as estate agents, whereas this is uncommon in England and Wales.
How To Become A Real Estate Agent In South Africa
An individual who represents buyers or sellers of real estate or other real property is known as a real estate broker, real estate agent, or realtor.
There are some steps you must go through if you want to become an estate agent.
Step 1
As an intern at a registered company, you must first register with the Estate Agency Affairs Board (EAAB). This internship will last for at least a year. The process might, however, take 24 months to finish. You will learn about this industry during this time and receive mentoring from a seasoned agent.
Step 2
Your FECT NQF level 4 qualification must also be completed with a recognized provider. The prerequisite for a career in residential and commercial real estate is this. You can become a fully licensed and recognized agent of fixed property by obtaining a Service Seta authorized certification.
Step 3
As part of the application process, prospective estate agents are required to complete a logbook and submit it to the EAAB. You can finish this book while working on your certification.
Step 4
Finally, you must take the PDE exam. This professional admission examination is a comprehensive knowledge test for real estate brokers. Only after your internship has been successfully completed will you be permitted to take this exam.You can become a real estate agent and get the designation of professional practitioner in real estate (PPRE) if you pass this exam.This job path will probably suit you well if you enjoy working with people, have a friendly disposition, have an interest in homes and architecture, are trustworthy, diligent, and a good salesperson. It’s also possible to start your own real estate company with further education.
Real Estate Schools In South Africa
The below mentioned schools are the list of Real Estate Schools you can attend in South Africa;
SA Real Estate Academy
Institute of Estate Agents of South Africa
PropAcademy
Wits University – Short Courses on Real Estate
University of Pretoria – Real Estate
Wakefields Training Academy
How Much Does Real Estate School Cost?
Estimated cost: $300+
You must locate a reputable and accredited real estate school before you can take your real estate licensure exam. Depending on the state you live in, different amounts and costs of courses may be necessary. Different fees will apply to certain schools.
What Does Real Estate School Teach You?
Real Estate Principles, Real Estate Practice, and Legal Aspects of Real Estate are the three courses that make up this state’s real estate salesperson licensure curriculum. There are reading assignments in textbooks, workbook assignments, quizzes, practice tests, and final exams for each college-level course.
