A real estate agent is a licensed professional who represents buyers or sellers in real estate transactions.
Below are the basic Requirements To Become Estate Agent In South Africa
The intern estate agent needs to complete the 12-month internship of being mentored by a professional and experienced estate agent. This requirement will ensure that the intern is provided with a personal record of all practical tasks completed and experience gained at the workplace.
The intern is expected to complete and maintain a logbook in which accomplished activities are recorded and signed-off by the principal/mentor/coach/supervisor assigned to assist and provide the intern estate agent with logistical support during the internship period.
There will be no exemptions granted for completing the internship or the logbook.
This qualification has 150 credits, equating to 1 500 notional hours (study hours needed to complete the course).
It is possible to combine the FETC NQF 4 qualification and the internship so that the intern estate agent can work on these two aspects of the qualification simultaneously, as long as they have completed at least 8 months of their internship.
Below is How To BecomeEstate Agent In South Africa
1: Apply for a position at a registered estate agency as an intern
2: Register with the Estate Agency Affairs Board (EAAB)
3: Complete your 12 Month Internship
4: Complete NQF 4 Through an Accredited Provider (150 Points / 1500 Hours)
5: Write and Pass Your PDE4 (Professional Designate Exam).
Do you need any qualifications to be an estate agent?
A degree is not required to become an estate agent, but strong competition often makes relevant experience and/or qualifications necessary.
A degree in an appropriate subject such as marketing, business, property studies or real estate can be helpful. Some estate agencies offer on-the-job training for estate agents.
How do I become estate agent in South Africa?
How to Become a Qualified Real Estate Agent in South Africa
Find Employment at an Estate Agency. Find employment with an Estate Agency.
Register with the Estate Agency Affairs Board (EAAB)
Complete the 12 Month Internship.
Complete NQF 4.
Complete the PDE4 (Professional Designation Examination)
How much money doestate agents make in South Africa?
These agents work a two to four hour day and because real estate is not really a half-day job, will earn the average income for most agents in South Africa, which is around R16,000 to R20,000 per month before tax and running costs.
What subjects do you need to become a estate agent in South Africa?
Requirements for a career in Real Estate:
Recommended High School Subjects: Subjects within Business, Commerce & Management Studies, and within Services.
Other requirements: 12-month internship, FETC Real Estate NQF Level 4, PDE exam, Intern Logbook (or an exemplifying qualification or degree)
Is real estate a good career?
Working as a real estate agent or broker can be fulfilling and financially rewarding, but it’s not easy. A career in real estate requires drumming up business, promoting yourself, tracking leads, handling complex paperwork, providing customer service, and much, much more.
Do estate agent interns get paid in South Africa?
Although not yet considered to be qualified agents, as an intern with a valid Intern FFC you are still eligible to earn commission on the sale of property. However, commission is only paid out once the property transfer has been registered in the deeds office.