SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Market and auction properties 
SAQA US ID UNIT STANDARD TITLE
115478  Market and auction properties 
ORIGINATOR
SGB Marketing 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Marketing 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04  6 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is for people who have the responsibility of auctioning properties.

The qualifying learner is capable of:
  • Marketing a property for auction.
  • Advising buyers and sellers on the essential elements necessary for auctioning property.
  • Identifying and explaining sections of the law underlying auctioning of property.
  • Preparing for and auctioning a property.
  • Identifying and explaining the technical and legal requirements related to a trust account. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners accessing this Unit Standard are competent in Mathematical Literacy and Communication at NQF Level 3. 

    UNIT STANDARD RANGE 
  • Legislation including Alienation of Land Act 68 of 1981, Matrimonial Property Act 88 0f 1984, Sectional Titles Act 95 of 1986, Share Blocks Control Act 59 of 1980, Estate Agency Affairs Act 12 of 1976, Rent Control Act 80 of 1976, Upgrading of Land Tenure Rights Act 112 of 1991, Housing Development Schemes for Retired Persons Act 65 of 1988.
  • Statutory requirements including Estate Agency Affairs Board and the South African Council for the Property Value's Profession.
  • Voluntary associations will include South African Property Owners Association, Institute of Property Practitioners of SA, Institute of Estate Agents of SA, Time Share Institute of SA and the SA Council of Auctioneers. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Market a property for auction. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The various marketing processes are identified and explained with examples. 
    ASSESSMENT CRITERION RANGE 
    Marketing processes include but are not limited to sourcing, advertising, selling and providing after sales service.
     

    ASSESSMENT CRITERION 2 
    Properties for sale are canvassed following correct procedure. 

    ASSESSMENT CRITERION 3 
    A plan for canvassing and advertising for potential sale properties and/or clients is developed using appropriate media. 

    ASSESSMENT CRITERION 4 
    A comparative market analysis and assessment of a sale property is compiled within agreed timeframe. 

    ASSESSMENT CRITERION 5 
    A list of suitable properties is prepared which includes all appropriate information in line with standard operating procedures. 

    ASSESSMENT CRITERION 6 
    A marketing and advertising plan for sale properties is compiled in required format. 

    SPECIFIC OUTCOME 2 
    Advise buyers and sellers on the essential elements necessary for auctioning property. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The terms and conditions applicable to the selling of immovable property at an auction are explained in line with relevant legislation. 

    ASSESSMENT CRITERION 2 
    The terms and conditions applicable to the selling of general movable property are explained in terms of legislation. 

    ASSESSMENT CRITERION 3 
    The terms and conditions applicable to the selling of specialised movable property are explained in line with relevant legislation. 

    SPECIFIC OUTCOME 3 
    Identify and explain sections of the law that apply to the auctioning of property. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The Various sections of the law that apply to the selling of property are identified and listed in tabular form. 

    ASSESSMENT CRITERION 2 
    The implications of the various sections of law that apply to the auctioning of property are explained in terms of how they affect the auctioneering industry. 

    ASSESSMENT CRITERION 3 
    The implications of non-compliance with the legal requirements are explained with examples of what it means for buyer, seller and the auctioneering organization. 

    SPECIFIC OUTCOME 4 
    Prepare for and auction a property. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Buyers are evaluated to ensure that they are qualified to participate in the auction. 

    ASSESSMENT CRITERION 2 
    Buyers are communicated with as per set company procedures. 

    ASSESSMENT CRITERION 3 
    The procedure for making an offer to purchase is explained to the buyers in terms of the needs of the seller. 

    ASSESSMENT CRITERION 4 
    The property is auctioned following standard auctioneering procedures. 

    ASSESSMENT CRITERION 5 
    Documentation relating to the buying of a property is completed in required format. 

    ASSESSMENT CRITERION 6 
    A loan application form is completed and processed within agreed timeframe. 

    ASSESSMENT CRITERION 7 
    All real estate legal and statutory requirements are adhered to as per relevant legislation. 

    SPECIFIC OUTCOME 5 
    Identify and explain the technical and legal requirements related to a trust account. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The legal requirements relating to trust accounts are identified and explained in line with standard operating procedures and in terms of real estate statutory requirements. 

    ASSESSMENT CRITERION 2 
    The implications of non-compliance with the legal requirements for the administration of a trust account are explained with examples of what it means for buyer, seller and the auctioneering organization. 

    ASSESSMENT CRITERION 3 
    All the required documentation regarding trust accounts is identified and completed in line with the Code of Banking Practices. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed (including through RPL) against this Unit Standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, or by an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard or assessing this Unit Standard must be accredited as a provider with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • The principles and terminology as they apply to estate agency and auctioning.
  • The Estate Agents Code of Conduct.
  • The methods, techniques and essential requirements for concluding a valid contract of sale.
  • Statutory requirements relating to auctioneering.
  • Selling techniques related to property sales. 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems pertaining to all aspects of rendering services to the marketing and selling of property. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others when marketing and selling property in order to meet the needs of all role players. 

    UNIT STANDARD CCFO ORGANISING 
    Organise oneself and one's activities to continuously work towards the marketing and selling of property. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information, when a comparative analysis is conducted and when qualifying potential clients. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively with all role players to ensure the best possible service to role players is provided, throughout the whole process. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically by utilising all appropriate technology available for record keeping. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Understand the world as a set of related systems where economic and other trends often dictate availability of property for sale. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  48882   Further Education and Training Certificate: Auctioneering Practices  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2011-02-16  Was SERVICES until Last Date for Achievement 
    Elective  80546   Further Education and Training Certificate: Auctioneering Support Services  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  SERVICES 
    Elective  80547   National Certificate: Auctioneering Practices  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  SERVICES 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.