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: 

Manage real estate economics within a real estate business 
SAQA US ID UNIT STANDARD TITLE
15084  Manage real estate economics within a real estate business 
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  10 
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 or Estate Agency Sales or Rental, 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 to learners who are starting or working in their own Property and / or Real Estate business.

The purpose of this standard is to allow the learner to develop the skills of applying statistical theories and processes to property economics.

The qualifying learner is capable of :
  • Relating correlation theories within property economics
  • Explaining the second order tests of the assumptions of the linear regression model within property economics.
  • Constructing a basic computerized econometric model for property economics. 

  • 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 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 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Relate correlation theories within property economics. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The methodology of econometric research is described. 

    ASSESSMENT CRITERION 2 
    2. The correlation theory is explained. 

    ASSESSMENT CRITERION 3 
    3. A simple regression model is identified and devised. 

    ASSESSMENT CRITERION 4 
    4. Statistical tests of significance of estimates are described. 

    ASSESSMENT CRITERION 5 
    5. Multiple regression theories and implications are described. 

    SPECIFIC OUTCOME 2 
    Explain the second order tests of the assumptions of the linear regression model. 
    OUTCOME NOTES 
    Explain the second order tests of the assumptions of the linear regression model within property economics. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Explain the second order tests of the assumptions of the linear regression model within property economics. 

    SPECIFIC OUTCOME 3 
    Construct a basic computerized econometric model for property economics. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. A computerized econometric model is built. 

    ASSESSMENT CRITERION 2 
    2. All relevant theoretical data is taken into consideration in the development and construction of the econometric model. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • All relevant theoretical data is taken into consideration in the development and construction of the econometric model. 

  • 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 IDENTIFYING 
  • Identify and solve problems when identifying related to the construction of a basic computerised econometric model. 

  • UNIT STANDARD CCFO COLLECTING 
  • Collect, analyse, organise and critically evaluate information, related to the construction of a basic, computerised econometric model within a property business. 

  • UNIT STANDARD CCFO SCIENCE 
  • Use science and technology in the basic construction of a basic computerised econometric model. 

  • UNIT STANDARD CCFO DEMONSTRATING 
  • Understand the world as a set of related systems whereby the various economic theories impact on one another and affect the overall success of a property business. 

  • 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

    The demonstrated understanding of:
  • A broad understanding of econometric theory and data.
  • A broad understanding of how to build an econometric model based on all relevant theoretical information.
  • An understanding of the assumptions of randomness, zero mean, constant variance and normality of the disturbance variables.
  • A broad understanding of linear regression model. 

  • QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Fundamental  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.