A realtor is a person who represents buyers or sellers of real estate or other types of real property.
Nowadays, it is more difficult to become qualified as an estate agent. “It is essential that aspiring estate agents have access to the appropriate training opportunities so they are prepared to operate in a field that is highly competitive and make a respectable living
What are the Fundamental Conditions
A skilled and seasoned estate agent must mentor the intern estate agent for the full twelve months of the internship. Due to this requirement, the intern will have a personal record of all practical activities accomplished and job experience gained.
The principal/mentor/coach/supervisor appointed to help and support the intern estate agent with logistics during the internship time is expected to complete and maintain a logbook in which achieved activities are recorded and signed-off by the principal.
The completion of the internship or the logbook will not result in an exemption.
Steps to work in real estate
Apply to work as an intern at a licensed real estate brokerage
All individuals wishing to pursue a career in real estate agency must first serve as intern estate agents, working under the direct supervision of a principal estate agent or a full status estate agent who has held a current, valid fidelity fund certificate issued by the EAAB for a period of time not less than three years.Establishing a mentor-protégé connection regardless of the individuals’ educational, professional, or other backgrounds.
Become a member of the Estate Agency Affairs Board (EAAB)
Once the intern estate agent has been successfully hired, they must register with the Estate Agency Affairs Board (EAAB) as an intern agent in order to obtain their “intern” Fidelity Fund Certificate (FFC).
finalize NQF 4 Through a Provider with Accreditation (150 Points / 1500 Hours)
It is anticipated that a newcomer to the industry will have attained a comparable level of knowledge, skills, and expertise as a practitioner who has been actively engaged in the estate agency profession for at least a year after serving as an intern estate agent for a continuous period of 12 months and receiving certification against the FETC: Real Estate for a very long time.
Are there any requirements to work as an estate agent in South Africa?
According to the Education Regulations, a candidate cannot be registered as a full status estate agent unless they have passed the PDE4 given by the EAAB. In order to pass and receive certification, interns must score at least 65%.
To work as an estate agent, do you need a matriculation?
Although a degree is not necessary to work as an estate agent, fierce competition frequently makes appropriate experience and/or credentials important. A degree in a relevant field, such as real estate, business, property studies, or marketing, can be beneficial. Some estate agencies provide estate agents with on-the-job training.
Is real estate a lucrative career?
Real estate brokers earn well.Your salary as a real estate salesman is mostly determined by the amount of time you put in. To start their professions, the majority of new real estate salespeople require a nest fund.
