Real Estate Investor Magazine South Africa April 2015 | Page 29

Educational and training requirements
Do I need to study to become an estate agent? Yes, you
do. You can study at various educational institutions.
Distance learning through the University of South
Africa (UNISA) or other institutions is a popular
option. Qualifications include a National Diploma
(N.Dip) in Real Estate or Property Marketing, or a
Technical Degree (B.Tech) in Real Estate. Full-time,
part-time and distance-learning options are available
at various educational institutions.
Like all Degree and Diploma courses you need
a National Senior Certificate (Matric) to apply for
the course. Recommended Matric subjects include
Languages, Economics, Business Studies and
Accounting.
The Institute of Estate Agents of Southern Africa
(IEASA), the National Property Academy (NPA) and
the South African Real Estate Agency (SAREA) also
offer regular courses and workshops.
According to the Educational Requirements
promulgated on 15th July 2008, you must now do a
Further Education and Training Course (FETC)
in Real Estate, National Qualifications Framework
(NQF) Level 4 or an equivalent Degree or Diploma
qualification.
This qualification will serve as an entry requirement
for a full-time 12 month internship in the property
industry. This internship will be done under the
mentorship of an experienced senior estate agent. Once
the internship is complete you will then have to pass an
estate agents board examination called the Professional
Designate Exam (PDE).
You are then required to register with the Estate
Agency Affairs Board (EAAB) as a ‘non-principal’ or
‘intern’ estate agent and the Institute of Estate Agents
of Southern Africa (IEASA), before you start working
at an estate agency.
Once registered, you will be given a Fidelity Fund
Certificate. When your internship is complete and you
have been registered as a ‘Non-principal’ agent and then
a ‘Principal’ agent you can work at a real estate agency
or work as a property developer. A new Fundamental
Management Programme (NQF Level 7) is being
proposed for senior Principal estate agents. When you
have been working in the profession for many years you
can become a self-employed, real estate entrepreneur
and run your very own estate agency.

RESOURCES
Institute of Estate Agents of Southern
Africa (IEASA), Estate Agency Affairs
Board of Southern Africa (EAABSA), South
African Real Estate Agency (SAREA)
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April 2015 SA Real Estate Investor

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