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EAAB Qualification Series: 3 - PDE L4 - Exam Tips

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The Professional Designation Exam (PDE) for the Estate Agency Affairs Board (EAAB) can be quite daunting when you don't know what to expect and with the next one around the corner, I thought I would post the Exam blog ahead of the RPL/ NQFblog I was going to post. Chapters to study: The exam is based on chapter 5 and all chapters from 12 to 20. A lot of people don't realise this and study the additional chapters (1-4, 6-11 & 21-24 ). I was so excited when I found this out and that I needed to only know half the chapters in the study guide given.  The additional chapters may be worth going through as it has general business concepts, writing, English for business, managing your time, etc. The exam is an open book examination of four (4) hours.  You may take in the study guide and additional notes and study aids that you may require. You are also allowed to take in a calculator. The overall pass mark is 50%, however, you will be required to obtain a subminimum of 40...
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EAAB Qualification Blog Series: 2 - How To Register as An Estate Agent in South Africa.

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The Estate Agency Affairs Board of South Africa ( EAAB ) is the property industry's governing body and controls all the real estate agents and property brokers real estate trading licences. Before applying with the EAAB, you will need to be employed with a registered and licence holding Estate Agency or property brokerage in South Africa.  This firm will need to be registered, have a current company Fidelity Fund Certificate (FFC) as well as have a registered principle agent who holds a Master Practitioner in Real Estate  ( completed PDE level 5 exam ) and A National Qualification in Real Estate Level 5 (NQFL5). To register and apply, you will need a certified copy of your ID ( or passport & work permit ) and a letter from your employer, the registered estate agency/property brokerage, and the firms registered agency pin. * You will notice in the blogs I write estate agency & property brokerage.  The reason for this is that estate agency refers to re...
Location: South Africa
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EAAB Qualification Blog Series: 1 - Overview of How To Become A Qualified Estate Agent in South Africa

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In terms of the Estate Agency Affairs Act (112 of 1976), every estate agent and estate agency firm must obtain a Fidelity Fund Certificate (FFC) from the Estate Agency Affairs Board (EAAB).  It's illegal to operate as an estate agent unless the EAAB has issued you with an FFC for the current calendar year.  It's also illegal to claim commission if you didn't have a valid FFC at the time you rendered the services to the client. This applies not only to agents who sell residential property, but also to letting agents, commercial and industrial property brokers, agricultural property agents, business brokers, and agents who "exhibit" properties which are for sale or to let. All new entrants to the industry will apply for the FFC as interns and do a one-year internship with the firm.  During their internship, they will do a year-long qualification called the national qualification in real estate level 4 (NQFL4), unless exempted and complete an internship logbo...
Location: South Africa
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Welcome To My Blog

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After almost 11 years in the commercial real estate, I decided to create an open blog where I can share my experience and help new entrants into the commercial South African Real Estate industry learn and gain knowledge. I have a real passion for property and in my past position, I spent a lot of my time training young brokers.  I was always surprised by the lack of knowledge by both property study students as well as existing brokers/agents that joined from other competing firms. I currently work in a consulting business that assists businesses in expansions, formulating & implementing new strategies, investor relations as well as do high-level property sales and investments. I honestly don't know if anyone will read this but the fact I can put information down that can be shared and hopefully inspire a new generation of enthusiastic commercial property specialists.
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