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: 

Develop, establish and manage real estate principles and a real estate office 
SAQA US ID UNIT STANDARD TITLE
15066  Develop, establish and manage real estate principles and a real estate office 
ORIGINATOR
SGB Real Estate 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 11 - Services Cleaning, Domestic, Hiring, Property and Rescue Services 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 6  Level TBA: Pre-2009 was L6  15 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
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 forms part of the qualification, National Certificate in Real Estate, registered at Level 6 on the National Qualifications Framework.

Learners working towards this standard will be learning towards the full qualification, or will be working within a Property Environment, specialising in either Property Management, Estate Agency Sales or Rental, or Property Valuation, where the acquisition of competence against this standard will add value to their understanding of the sector and functioning in the workplace.

This standard will also add value for learners who are starting or working in their own Property and / or Real Estate business.

The purpose of this standard is to provide learners the opportunity to develop a practical understanding of necessary feasibility study and conceptualisation underpinning the planning, establishing and managing of a real estate office.

The qualifying learner is capable of :
  • Conducting feasibility studies in real estate
  • Conceptualising and interpreting the market within which real estate is traded
  • Planning and establishing a real estate office
  • Managing a real estate office. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners accessing this qualification will have demonstrated competence in the standards towards a National Certificate in Real Estate Practice at NQF Level 5 or equivalent.

    They must also be able to apply mathematical, financial and accounting practices to the equivalent of NQF Level 6. 

    UNIT STANDARD RANGE 
  • Legislation and regulations including Town and Regional Planner Act, Labour Relations Act, Sectional Titles Act, Property Time Sharing Control Act, Valuers Act, Stamp Duties Act, Estate Agents Act. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Conduct feasibility studies in real estate. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Feasibility studies are conducted within agreed time frames and according to established procedures. 

    ASSESSMENT CRITERION 2 
    2. Planning and methods used to conduct feasibility studies are described. 

    ASSESSMENT CRITERION 3 
    3. Techniques for conducting feasibility studies is explained and demonstrated. 

    ASSESSMENT CRITERION 4 
    4. The criteria for conducting feasibility studies is established and implemented. 

    ASSESSMENT CRITERION 5 
    5. Results of feasibility study are presented in a concise and logical way, that will satisfy criteria requirements. 

    SPECIFIC OUTCOME 2 
    Conceptualise and interpret the market within which real estate is traded. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The interpretation is clear, concise and in the required format. 

    ASSESSMENT CRITERION 2 
    2. Techniques for consolidating, analysing and interpreting the market within which real estate is traded are demonstrated. 

    ASSESSMENT CRITERION 3 
    3. Recommendations on data processed are made in accordance with requirements. 

    ASSESSMENT CRITERION 4 
    4. All the criteria for interpreting the market are examined and applied. 

    ASSESSMENT CRITERION 5 
    5. The methods used to interpret the market are described. 

    ASSESSMENT CRITERION 6 
    6. Results of the interpretation are developed and presented in accordance with requirements. 

    SPECIFIC OUTCOME 3 
    Plan and establish a real estate office. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Plans and strategies are developed according to requirements and within agreed time frames. 

    ASSESSMENT CRITERION 2 
    2. Real estate office establishment is consistent with industry requirements and used internal and external analysis. 

    ASSESSMENT CRITERION 3 
    3. Competitive strategies are developed and are consistent with industry requirements. 

    ASSESSMENT CRITERION 4 
    4. Resource requirements are identified and specified. 

    ASSESSMENT CRITERION 5 
    5. Plans are complete and include provision for contingencies. 

    ASSESSMENT CRITERION 6 
    6. Plans are documented and communicated with all stakeholders. 

    SPECIFIC OUTCOME 4 
    Manage a real estate office. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Resources are allocated in accordance with policies, plans and priorities. 

    ASSESSMENT CRITERION 2 
    2. Priorities are established for the execution of plans and activities. 

    ASSESSMENT CRITERION 3 
    3. Alternatives are developed to ensure success. 

    ASSESSMENT CRITERION 4 
    4. Relationships are maintained both internally and externally. 

    ASSESSMENT CRITERION 5 
    5. Plans and activities are coordinated for the property office. 

    ASSESSMENT CRITERION 6 
    6. Performance is established and controlled. 

    ASSESSMENT CRITERION 7 
    7. Financial resources are managed and controlled. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Providers will be accredited against this unit standard and assessors registered by the relevant Education Quality Assurance Body (ETQA). 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO WORKING 
  • Work effectively with others in a team when planning, establishing and managing a real estate office. 

  • UNIT STANDARD CCFO ORGANISING 
  • Organise oneself and one`s activities so that alternative plans and activities exist in the event that current plans are rejected or fail, or there are insufficient resources available to implement the plans and activities. 

  • UNIT STANDARD CCFO COLLECTING 
  • Collect, evaluate, organise and critically evaluate information so that correct methods for conducting feasibility studies are used and accurate data is assembled. 

  • UNIT STANDARD CCFO COMMUNICATING 
  • Communicate effectively when conducting feasibility studies and presenting results so that all role players have a full understanding of the data. 

  • UNIT STANDARD CCFO DEMONSTRATING 
  • Identify and solve problems pertaining to conducting feasibility studies and managing a real estate office. 

  • UNIT STANDARD CCFO CONTRIBUTING 
  • Understand the world as a set of related systems where on-going managing of a real estate office impacts on it`s overall success. 

  • 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 
    EMBEDDED KNOWLEDGE
  • A general understanding of appropriate feasibility studies and techniques.
  • A general understanding of factors impacting on the effective results of conducting feasibility studies.
  • A broad understanding of methods and techniques for interpreting the market.
  • An indepth understanding of methods and techniques for planning and establishing a real estate office.
  • A comprehensive understanding of techniques and methods for managing a real estate office. 

  • QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  24453   National Certificate: Real Estate  Level 6  Level TBA: Pre-2009 was L6  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.