Being a licensed real estate agent used to be quite valuable, but that is no longer the case. This system is divided into phases, each of which must be completed within a certain yet restricted timeframe while adhering to the educational standards established by the relevant regulatory authorities.
The Governing Body
The Estate Organization Affairs Board (EAAB), a South African governing agency for merchants, ensures that “any persons carrying out the duties of a property agent as a carrier to the public are registered with the EAAB.” A constancy fund certificate is issued as evidence of such registration and confirmation that such character is legitimately existent, and it must be renewed yearly.
Let’s have a look at how to become a South African licensed real estate agent.
Work for a real estate firm.
Get a job with a real estate agency. Your 12-month internship will officially commence at this moment, and you will be designated as an intern property agent.
- Join the Estate Agency Affairs Board (EAAB)
To get a Fidelity Fund Certificate (FFC), you must first register as an intern agent with the EAAB and supply the following information:
Complete your 12-month internship.
Internship is a 12-month, non-stop obligation that begins on the day your FFC was issued for the first time. During this period, you will get valuable, realistic, and theoretical business knowledge.
- Complete your 12-month internship.
Internship is a 12-month, non-stop obligation that begins on the day your FFC was issued for the first time. During this period, you will study relevant, practical, and theoretical business knowledge under the supervision of the principle, coach, or supervisor who has been assigned to assist you.
- Complete NQF
This NQF4 certificate comprises 150 credits, which equates to approximately 1 500 hours of study to complete the course. Because SSETA only requires that 30% of the study time be spent in a classroom, the intern real estate agent can finish the course at their own speed but within the specified time restriction.
Continuing Professional Education (CPD)
All agents with full registration must retain their job and professional designation. To do so, they must accumulate and maintain 60 CPD points over the course of a three-year cycle (about 60 hours of training).
Being qualified to become a full status real estate agent, or PPRE, is not for the faint of heart, as prospective real estate agents must not only balance their employment and personal life, but also find time to complete the required courses.
