How To Become A Real Estate Appraiser In South Africa

Real estate appraisers assess the market value of properties, such as homes or commercial real estate.

What does a Real Estate Appraiser do?

Appraisers and assessors of real estate prepare estimates of the value of a property, such as the land and building or structure. This is typically provided before it is sold, developed, insured, taxed, or mortgaged.

Is property valuation a good career?

“Property valuation is a great industry to get into and about 80 per cent of graduates are working in the industry by the time they finish the degree. The industry has an ageing workforce, so there’s never been a better time for people to study at TAFE NSW to get the skills they need for a job as a property value.”

Below is How To Become A Real Estate Appraiser In South Africa

Understand the minimum requirements to become a real estate appraiser.

The Appraisal Qualifications Board (AQB) sets the minimum requirements, or the Real Property Appraiser Qualification Criteria, that aspiring appraisers in the South Africa .

must meet. The necessary training to become a licensed or certified real estate appraiser varies by state and some require state-specific courses in addition to the ones required by the AQB.

Become a Trainee Appraiser.

The next step to becoming a real estate appraiser is to start as an appraiser trainee. The following courses are required by the AQB:

Basic Appraisal Principles: 30-hour course

Basic Appraisal Procedures: 30-hour course

National Uniform Standards of Professional Appraisal Practice (USPAP): 15-hour course

Become a Trainee Appraiser.

The next step to becoming a real estate appraiser is to start as an appraiser trainee. The following courses are required by the AQB:

Basic Appraisal Principles: 30-hour course

Basic Appraisal Procedures: 30-hour course

National Uniform Standards of Professional Appraisal Practice (USPAP): 15-hour course

 Complete required real estate appraiser courses.

No college-level education is required, but you’ll need to complete additional courses to make the leap from trainee to licensed professional. Here’s a summary of the AQB minimum requirements:

Residential Market Analysis and Highest and Best Use: 15 hours

Residential Appraiser Site Valuation and Cost Approach: 15 hours

Residential Sales Comparison and Income Approaches: 30 hours

How much do property valuers earn in South Africa?

R291,241 (ZAR)/yr.

Where can I study my property valuation in South Africa?

University of Cape Town (Department of Construction Economics & Management)

Contact Betsie on 021 650 3443 (www.cons.uct.ac.za)

BSc (Hons) Property Studies together with BSc (4 year degree) – Full Accreditation.

Post Graduate Diploma Property Studies – Full Accreditation.

MSc Property Studies– Full Accreditation.

Does real estate pay well 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.

Do real estate 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.

How can I invest in real estate with no money in South Africa?

Fortunately, there’s a way to invest in real estate without having to buy an actual house, flat, or office space, according to Fayyaz Mottiar, Fund Manager of the Absa Property Equity Fund. “The alternative to owning a physical property is to invest in the real estate market through property funds.

How do I find the value of my house?

If you’re thinking about selling a property, the only way to get an accurate understanding of the value for your home is by inviting a local estate agent to provide you with an in-depth house, or home, appraisal.

How do I find the value of my house?

If you’re thinking about selling a property, the only way to get an accurate understanding of the value for your home is by inviting a local estate agent to provide you with an in-depth house, or home, appraisal.