Flow Chart For Qualifying As An Estate Agent


Popular posts from this blog

EAAB Qualification Series: 3 - PDE L4 - Exam Tips

Image
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...
Read more

EAAB Qualification Blog Series: 1 - Overview of How To Become A Qualified Estate Agent in South Africa

Image
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...
Read more

Welcome To My Blog

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.
Read more