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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Analyse and interpret real estate principles, practice, information in the real estate environment 
SAQA US ID UNIT STANDARD TITLE
15064  Analyse and interpret real estate principles, practice, information in the real estate environment 
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 5  Level TBA: Pre-2009 was L5  10 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 
2007-07-17  2008-10-22  SAQA 0160/05 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2009-10-22   2012-10-22  

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 is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
258121  Manage Real Estate business operations  Level 5  Level TBA: Pre-2009 was L5  Complete 

PURPOSE OF THE UNIT STANDARD 
This unit standard forms part of the qualification - National Certificate in Real Estate, registered at Level 5 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 for learners to develop their understanding of the more complex notions of property ownership and utilisation, the factors affecting operations in the industry, and concepts informing analysis.

The qualifying learner is capable of:
  • Collating and interpreting property information for management, marketing and valuation purposes.
  • Interpreting principles, methods and approaches of property management, marketing and valuation.
  • Analysing the property environment, its role players and principles. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners accessing this qualification will have demonstrated competence in the standards of the National Certificate - Property Practice at NQF Level 4 or equivalent. They must also be able to communicate in English and apply financial and accounting practices to the equivalent of NQF Level 5. 

    UNIT STANDARD RANGE 
    Legislation and regulations including Labour Relations Act 66 of 1995, Sectional Titles Act 95 of 1986. Property Time-sharing Control Act 75 of 1983, Property Valuers Act 47 of 2000, Stamp Duties Act 77 of 1968, Estate Agency Affairs Act 112 of 1976. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Collate and interpret property information for management, marketing and valuation purposes. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Property information is collated in the required format and within agreed time frames. 

    ASSESSMENT CRITERION 2 
    2. Property information is analysed and interpreted for the purposes of management, marketing and valuation. 

    ASSESSMENT CRITERION 3 
    3. Property information is presented to facilitate decision making on marketing and evaluation issues. 

    ASSESSMENT CRITERION 4 
    4. Property information allows management decisions to be made. 

    SPECIFIC OUTCOME 2 
    Interpret principles, methods and approaches of property management, marketing and valuation. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Property principles, methods and approaches are interpreted. 

    ASSESSMENT CRITERION 2 
    2. The role of professional bodies and consultants is interpreted and applied. 

    ASSESSMENT CRITERION 3 
    3. Management, marketing and valuation decisions are based on property principles. 

    ASSESSMENT CRITERION 4 
    4. The method or approach chosen is explained and justified. 

    SPECIFIC OUTCOME 3 
    Analyse the property environment, its role players and principles. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The property environment is identified, classified and analysed. 

    ASSESSMENT CRITERION 2 
    2. The property role players are identified and their roles clarified. 

    ASSESSMENT CRITERION 3 
    3. The principles of property are analysed and applied. 

    ASSESSMENT CRITERION 4 
    4. Issues relating the property environment, its role players and principles are analysed, recorded and documented. 

    ASSESSMENT CRITERION 5 
    5. The concepts of property environment are analysed and described. 


    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 
    1. A broad understanding of property principles, methods and approaches.
    2. An in-depth understanding of the methods and techniques for analysing information related to property.
    3. A general understanding of the methods and techniques for decision making.
    4. Property principles include:
  • Property utility.
  • Highest and best use.
  • Time horizons (investor`s life cycle, property life cycle, ownership life cycle).
  • Ownership and its rights (real rights, limited rights, personal rights).
    5. Housing and housing development schemes, commercial, industrial, rural and recreational real estate markets.
    6. Community analysis and growth patterns, regional analysis. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems to arrive at the most suitable method or approach for property. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others in order to ensure that principles re-interpreted and applied successfully. 

    UNIT STANDARD CCFO ORGANISING 
    Organise oneself and one`s activities to meet deadlines in the collating, analysing and interpreting of property principles, practice and information. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information, so that it is correct, accurate and has sufficient detail. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively to ensure that property principles and practices are transparent at all times. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Understand the world as a set of related systems where the success of the implementation of property principles will be dependent on their analysis and interpretation. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 258121, which is "Manage Real Estate business operations", Level 5, 8 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  20188   National Certificate: Real Estate  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  SERVICES 
    Elective  20185   Further Education and Training Certificate: Banking  Level 4  NQF Level 04  Reregistered  2023-06-30  BANKSETA 


    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.