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 QUALIFICATION: 

Advanced Diploma in Real Estate 
SAQA QUAL ID QUALIFICATION TITLE
109238  Advanced Diploma in Real Estate 
ORIGINATOR
University of Johannesburg 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY NQF SUB-FRAMEWORK
CHE - Council on Higher Education  HEQSF - Higher Education Qualifications Sub-framework 
QUALIFICATION TYPE FIELD SUBFIELD
Advanced Diploma  Field 11 - Services  Consumer Services 
ABET BAND MINIMUM CREDITS PRE-2009 NQF LEVEL NQF LEVEL QUAL CLASS
Undefined  120  Not Applicable  NQF Level 07  Regular-Provider-ELOAC 
REGISTRATION STATUS SAQA DECISION NUMBER REGISTRATION START DATE REGISTRATION END DATE
Reregistered  EXCO 0821/24  2019-03-08  2027-06-30 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2028-06-30   2031-06-30  

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 qualification does not replace any other qualification and is not replaced by any other qualification. 

PURPOSE AND RATIONALE OF THE QUALIFICATION 
Purpose:
The purpose of this qualification is to develop the student's knowledge of the discipline of real estate. The qualification is comprised of a focused curriculum to prepare the learners for a career in real estate. Mastering of the curriculum will provide learners with the ability to synthesise real estate market principles and apply valuation processes in a professional manner. Fundamental knowledge of global real estate relevant to the local real estate will be gained enabling the qualifying learners to work in today's world of professional real estate. The qualification emphasises competence, integrity, and application of ethics in a professional environment. The successful learners will gain a global and South African real estate perspective and an in-depth understanding of the real estate market which will provide them with a competitive advantage for employment.

Rationale:
The Advanced Diploma in Real Estate is currently in demand by industry due to its specialised nature. The content and scope of the Advanced Diploma in Real Estate will enable learners to fully capitalise on the strengths of financial market concepts, which in turn is a key determinant of sustainable prosperity in the world.

In the Department of Finance and Investment Management there is a demand by learners to continue studying. Others who will pursue this Advanced Diploma are individuals currently employed in the financial market environment who want to improve their qualifications and their career opportunities in addition to working towards becoming a real estate practitioner. This qualification is also for learners who have no work experience in this field who want to eventually become a real estate practitioner. Initially this qualification will be based on South African principles as the current demand of distance education for this type of programme is from South African individuals. As the qualification develops and grows, it will be internationalised as required by the market.

Learners from other academic institutions who meet the minimum admission requirements will be considered for the programme. Real estate plays a critical role in the functioning of the economy. All the activities that take place in the real estate industry are regulated through legislation and through the rules and regulations of the various regulating bodies. For the system to function optimally and to serve the interests of market participants and the economy as a whole, it is imperative that all real estate practitioners are qualified to perform the functions entrusted to them in a competent and ethical manner.

Research undertaken by the Department of Higher Education and Training in 2015 concluded that there is a shortage of skilled and appropriately qualified people to take up positions in the South African real estate industry. The qualification will enhance the flow of young real estate practitioners into the local labour market by providing an approved higher education programme.

The qualification will create new options for learners with a real estate background such as National Diploma's to improve their qualifications to comply with the latest requirement from the South African Council for the Property Valuers Profession. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Recognition of Prior Learning (RPL):
The Faculty accepts Recognition of Prior Learning (RPL) as an integral part of education and academic practice. It is acknowledged that all learning has value and the Faculty accepts the challenge to assess prior learning and award credit that is aligned to Faculty programmes to promote lifelong learning.

The purpose of the institution's RPL policy, which directs the Faculty's RPL procedure, is to recognise prior learning in order to provide for access into programmes, grant advanced placement in programmes and grant credits for modules on the principles and processes that serve as basis for Faculty-specific RPL practices.

The Department follows the institution's RPL Policy which requires the formation of a departmental RPL Committee to review RPL applications. The Committee compromises at least three appropriate members in a Department, including an Advisor, Assessor and Moderator. An advisor acts as a facilitator between the RPL role players or as an evidence facilitator who may or may not be the Head of Department (HOD).

Entry Requirements:
The minimum entry requirements are:
  • National Diploma: Real Estate NQF Level 6.
    Or
  • Any other qualification at NQF Level 6 and have related real estate oriented experience which is deemed applicable by the Department of Finance and Investment Management. 
    		•

    RECOGNISE PREVIOUS LEARNING? 
    Y 

    QUALIFICATION RULES 
    This qualification consists of compulsory modules and one Elective Module at Level 7, totalling 120 Credits.

    Compulsory Modules:
  • Building Construction,15 Credits.
  • Property Valuation A,15 Credits.
  • Property Valuation B,15 Credits.
  • Real Estate Management,15 Credits.
  • Real Estate Finance and Investment A,15 Credits.
  • Real Estate Finance and Investment B,15 Credits.
  • Real Estate Law A,15 Credits.
  • Real Estate Law B,15 Credits.

    Elective Module:
  • Applied Financial Mathematics, 10 Credits. 
    		•

    EXIT LEVEL OUTCOMES 
    1. Apply knowledge of basic building construction, building contracts and the construction process to the valuation of property and to value a single residential property.
    2. Conduct mass valuations, valuations on income producing properties and valuations of undeveloped property by applying discounted cash flow and feasibility studies methodologies.
    3. Apply the concept of time value of money in property valuation and management.
    4. Apply the basic concepts of discounting to build cash flow models.
    5. Self-organise and work in groups in the face of continual challenge from the real estate environment.
    6. Apply new knowledge acquired in the real estate environment. 

    ASSOCIATED ASSESSMENT CRITERIA 
    Associated Assessment Criteria for Exit Level Outcome 1:
  • Application of building construction knowledge in the valuation of single residential properties can be clearly demonstrated.
  • Real estate transactions from commencement to conclusion in a real estate environment are thoroughly investigated.
  • Calculated values obtained for the financial transactions from commencement to conclusion in a real estate environment are correctly interpreted.

    Associated Assessment Criteria for Exit Level Outcome 2:
  • Real estate markets are clearly discussed.
  • Required values in real estate markets can be correctly determined.
  • The process underlining the conducting of mass valuations is accurately explained.

    Associated Assessment Criteria for Exit Level Outcome 3:
  • Multiple options of applying and integrating time value of money knowledge to solve theoretical, real estate problems can be clearly discussed.
  • The concept of time value of money in the real life real estate environment can be thoroughly described.
  • Knowledge of time value of money to solve theoretical real estate problems can be correctly demonstrated.

    Associated Assessment Criteria for Exit Level Outcome 4:
  • Key aspects and implications of discounting and the effect there of in real estate markets can be presented.
  • Discounted cash flow techniques to determine the value of an income producing property can be used correctly.

    Associated Assessment Criteria for Exit Level Outcome 5:
  • Critically reflect on the thoughts and actions self and others in the face of continual challenge from the real estate environment.

    Associated Assessment Criteria for Exit Level Outcome 6:
  • The nature of knowledge and how new knowledge can be acquired in the real estate environment are critically described.
  • They can demonstrate awareness of own learning and learning strategies.

    Integrated Assessment:
    Assessments which are a combination of summative and formative are included in each of the modules. The assessments comprise of the completion of two Formative Assessments and a practical assignment which, when combined, constitute a portfolio and amounts to 50% of the final mark. The assessments and assignments forms a coherent whole, and are authentic in nature. Assessment tasks comply with the institution's requirements. The balance (50%) of the final mark is achieved by completing a Summative Assessment. 
    		•

    INTERNATIONAL COMPARABILITY 
    This qualification is unique to South Africa comparisons with international institutions below are limited. As indicated in the rationale, this qualification creates and opportunity for real estate practitioners with National Diplomas to articulate to the new entry requirements, as determined by the South African Council for the Property Valuers profession, into the real estate industry.

    Hong Kong University SPACE in China offers Advanced Diploma in Facility and Property Management.

    Duration:
    This is a part-time course, offered a period of 24 months in English.

    Admission requirements:
    Applicants shall:
  • Have gained in the HKDSE Examination Level 2 or above in 5 subjects, including Chinese Language and English Language.
    Or
  • Have gained in the HKALE Grade E in one AL subject or two AS subjects.
    Or
  • Have gained in the HKCEE Examination Grade E or above in 3 subjects PLUS Level 2 or Grade E or above in Chinese Language and English Language.
    And
  • Have 2 years of work experience in the field.
    Or
  • Have completed a Specification of Competency Standards Based (SCS-based) programme at QF Level 3 in Property Management.
    Or
  • Have possessed two Statements of Attainment in Property Management at QF Level 4 through Recognition of Prior Learning (RPL).
    Or
  • Hold the Certificate or Advanced Certificate in related field awarded within HKU system through HKU SPACE, or other recognised Certificates or Diplomas related to the field, plus 2 years of work experience in the field; or be members of facility management related professional bodies, for example, Hong Kong Institute of Facility Management (HKIFM), Hong Kong Institute of Housing (HKIH), Chartered Institute of Housing Asia Pacific Branch (CIH), etc.
    Or
  • Hold a Bachelor's Degree awarded by a recognised university or equivalent plus at least 1-year work experience preferably in the related field.

    Applicants who cannot satisfy the educational requirements specified above may be considered on individual merit provided that they have at least 5 years of relevant work experience in the field. They should also have an acceptable general educational background.

    With effect form 2007, HKU SPACE recognises Grade E previously awarded for Chinese Language and English Language (Syllabus B), (Grade C in case of Syllabus A) as an acceptable alternative to Level 2 in HKCEE.

    Outcomes and Modules:
    The outcomes of the qualification are:
  • To develop applied knowledge and skills in Facility Management for property management practitioners to effectively integrate users' and organisations' needs for physical assets; and to provide in-depth academic training with a balanced and comprehensive scope that forms a solid foundation for further career advancement in the Facility Management discipline; and
  • To provide a part-time study qualification as a bridging course that leads to a Degree and/or professional qualification in Facility Management.

    Modules:
    The first three modules are core modules and must be passed, students must elect seven more from the other modules. Students must complete a total of 10 modules with a total number of 120 Credits. (An additional optional module is provided for fulfilling the academic requirements for Admission to the Corporate Member of HKIFM).

    Facility Functions:
  • Professional Practice of Facility Management.
  • Facility Operation and Maintenance.
  • FM Technology and Information Systems.

    People Management:
  • Human Factor in Facility Management.
  • Security and Crisis Management.

    Management of Premises:
  • Management of Non-Domestic Premises.
  • Club House and Recreational Facility Management.

    Resources and Environment:
  • Environment, Health and Safety.
  • Project Management.

    Legal Studies:
  • Introduction to Legal Provisions and Mediation.

    Optional Module:
  • Research Project for Facility and Property Management.

    Synopsis:
    Although similar in terms of outcome, the duration is 12 months longer, i.e. 24 months. This qualification is similar in terms of the outcomes, entrance criteria and duration of study. The modules offered within the course are also of a similar nature. The qualification differs in terms the country specific application and legal requirements for the managing of real estate as it applies in China.

    International Career Institute in Australia offers Advanced Diploma Real Estate.
    Duration: Distance Learning - 31 weeks.

    Admission requirements:
    There are no previous work or education requirements for entry into any course level. Students may enroll directly into the Diploma or Advanced Diploma levels without completing lower ranked qualifications. Graduates can expect higher course levels to result in higher potential salary, positions and skill capabilities.

    Outcomes and Modules:
    The graduate is able to apply a significant range of principles and techniques across various contexts and functions. Graduates can expect to be involved in significant judgments, planning, and leadership/guidance functions related to workplace products, services, operations or procedures.

    Modules:

    Property Sales:
  • Provide Property Appraisal.
  • Establish and Expand Client Base.
  • Obtain Property Listings.
  • Market Property.
  • Undertake Property Sale by Private Treaty.
  • Monitor Sales Process.
  • Conduct Property Sale by Auction.
  • Prepare and Execute Documentation.

    Property Management:
  • Effectively Manage Property and Account to Landlord.
  • Perform and Record Property Management Activities and Transactions.
  • Negotiate Effectively with Landlords and Tenants.
  • Maintain and Protect Conditions of Rented Properties.

    Business Practices:
  • Manage Agency Risk.
  • Implement Personal Marketing Plan.
  • Clarify and Confirm Property Information.

    Agency Services:
  • Provide Property Development and Marketing Services.
  • Present and Explain Property Reports.

    Synopsis:
    Although not similar in terms of outcome, the duration is 31 weeks for an Advanced Diploma. The qualification covers four different streams; the outcomes thus difference from the Advanced Diploma Real Estate. However, both are offered online or distance learning. The modules offered within the course are also of a similar nature. The qualification differs in terms the country specific application and legal requirements for the managing of real estate as it applies in Australia. 
    		•

    ARTICULATION OPTIONS 
    The qualification offers the following horizontal and vertical articulation opportunities.

    Horizontal Articulation:
  • Bachelor in Marketing Communication, Level 7.

    Vertical Articulation:
  • Postgraduate Diploma in Real Estate, Level 8.
  • Bachelor of Commerce Honours in Property Valuation and Management, Level 8. 
    		•

    MODERATION OPTIONS 
    N/A 

    CRITERIA FOR THE REGISTRATION OF ASSESSORS 
    N/A 

    NOTES 
    N/A 

    LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION: 
     
    NONE 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS QUALIFICATION: 
    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.