This Qualification is for any individual who is or wishes to be involved in the Property, Valuation and Real Estate Industry. It serves to support and advance the functioning of individuals in the industry, and to provide the foundation for relevant managerial expertise. This Qualification will be registered at NQF Level 6.
A learner can complete the Qualification with a specialisation in Property Management, Real Estate or Valuation. The core Unit Standards are relevant to each area of specialisation.
Learners working towards this Qualification will find that the acquisition of competence in the Unit Standards that comprise the Qualification will add value to their understanding of the sector and functioning in the workplace. This Qualification is intended to build on the skills gained in the level 5 Qualification. It will provide for consolidation of the broad knowledge, skills and attitudes needed in the property, valuation and real estate industry, and development of a holistic view within a managerial perspective.
The Qualification will facilitate access to, and mobility and progression within, education and training and to progress along a learning path for learners who:
Were previously disadvantaged or who were unable to complete their schooling and were therefore denied access to Further Education and Training.
Have worked in real estate for many years, but have no formal Qualification in real estate, valuation or property;
Wish to extend their range of skills and knowledge of the industry so that they can become competent workers in the property industry.
The Qualification builds on elements of the level 5 Qualification at a more specialised level. It focuses on the skills, knowledge, values and attitudes required to function in a supervisory role in the real estate industry. The intention is:
To promote the development of knowledge, skills and attitudes that are required in property, valuations and real estate;
To help learners realize their potential in the field;
To provide opportunities for people to function with authority and confidence in the real estate industry.
Rationale for the Qualification
The National Certificate in Real Estate at NQF Level 6 is designed to meet the needs of those learners who have already gained the NQF level 5 Qualification in the field of Property, Valuation and Real Estate and now wish to practice in a managerial capacity in the industry. This sub-sector of the industry is well-established, and by its very nature a constant supply of customers is ensured. This means there is a need to develop career paths in this field, an industry constantly in need of skilled people.
The National Certificate in Real Estate at NQF Level 6 supports the objectives of the NQF in that it gives the learner access to a National Qualifications Framework register. It will therefore ensure that the quality of education and training is enhanced, and of a comparable standard to Qualifications in other sectors in South Africa, and comparable to similar Qualifications internationally.
The National Certificate in Real Estate at NQF Level 6 allows the learner to work towards a nationally recognised Qualification. The Qualification will allow both those in formal education and those already employed in organisations in the property, valuation and real estate industry access to a Qualification that can be used as a benchmark to gauge their competence against local and international standards. |
Learners' achievement of these outcomes should be demonstrated by their ability to:
design and review a sufficiently flexible human resource information system
develop, apply and evaluate internal financial control systems
calculate cost of capital, and appraise capital investment with reference to risk management strategies
demonstrate a working knowledge of the principles of law relating to property transaction, mortgage and pledge
develop, monitor and evaluate a suitable strategic marketing plan
interpret and comply with.the legal and regulatory requirements for managing a real estate business
interpreted and complied with.
Integrated Assessment
Because assessment practices must be open, transparent, fair, valid, and reliable and ensure that no learner is disadvantaged in any way whatsoever, an integrated assessment approach is incorporated into the qualification.
Learning, teaching and assessment are inextricably linked. Whenever possible, the assessment of knowledge, skills, attitudes and values shown in the unit standards should be integrated. A variety of methods must be used in assessment. Tools and activities must be appropriate to the context in which the learner is working. Where it is not possible to assess the learner in the workplace or on-the-job, simulations, case studies, role-plays and other similar techniques should be used to provide a context appropriate to the assessment.
The term 'Integrated Assessment' implies that theoretical and practical components should be assessed together. During integrated assessments the assessor should make use of formative and summative assessment methods and assess combinations of practical, applied, foundational and reflective competencies.
Assessors and moderators should make use of a range of formative and summative assessment methods. Assessors should assess and give credit for the evidence of learning that has already been acquired through formal, informal and non-formal learning and work experience.
Assessment should ensure that all specific outcomes, embedded knowledge and critical cross-field outcomes are evaluated. The assessment of the critical cross-field outcomes should be integrated with the assessment of specific outcomes and embedded knowledge. |
|
ID |
UNIT STANDARD TITLE |
PRE-2009 NQF LEVEL |
NQF LEVEL |
CREDITS |
Core |
15229 |
Implement codes of conduct in the team, department or division |
Level 5 |
Level TBA: Pre-2009 was L5 |
3 |
Core |
12942 |
Apply and design systems of internal financial audit control |
Level 6 |
Level TBA: Pre-2009 was L6 |
12 |
Core |
15087 |
Develop and establish policies and procedures in a real estate business |
Level 6 |
Level TBA: Pre-2009 was L6 |
10 |
Core |
13107 |
Develop understanding within an organisation about the risks associated with its functioning and contexts |
Level 6 |
Level TBA: Pre-2009 was L6 |
5 |
Core |
15066 |
Develop, establish and manage real estate principles and a real estate office |
Level 6 |
Level TBA: Pre-2009 was L6 |
15 |
Core |
12986 |
Identify and administer processes relating to property transaction, mortgage and pledge laws |
Level 6 |
Level TBA: Pre-2009 was L6 |
10 |
Fundamental |
9224 |
Implement policies regarding HIV/AIDS in the workplace |
Level 5 |
Level TBA: Pre-2009 was L5 |
4 |
Fundamental |
11906 |
Manage the design, development and review of a human resource information system |
Level 5 |
Level TBA: Pre-2009 was L5 |
3 |
Fundamental |
13106 |
Determine capital investment appraisal |
Level 6 |
Level TBA: Pre-2009 was L6 |
10 |
Fundamental |
13105 |
Determine the cost of capital |
Level 6 |
Level TBA: Pre-2009 was L6 |
10 |
Fundamental |
12134 |
Manage a communications project |
Level 6 |
Level TBA: Pre-2009 was L6 |
15 |
Fundamental |
15084 |
Manage real estate economics within a real estate business |
Level 6 |
Level TBA: Pre-2009 was L6 |
10 |
Elective |
15072 |
Perform valuations of agricultural properties used for intensive farming |
Level 5 |
Level TBA: Pre-2009 was L5 |
12 |
Elective |
15062 |
Analyse, review and manage plans in respect of financial performance of property |
Level 6 |
Level TBA: Pre-2009 was L6 |
4 |
Elective |
15083 |
Conceptualise and maintain the marketing, selling and leasing of agricultural properties |
Level 6 |
Level TBA: Pre-2009 was L6 |
17 |
Elective |
15055 |
Conceptualise and maintain the marketing, selling and leasing of commercial, industrial and business properties |
Level 6 |
Level TBA: Pre-2009 was L6 |
17 |
Elective |
15196 |
Conceptualise and maintain the marketing, selling and leasing of leisure properties |
Level 6 |
Level TBA: Pre-2009 was L6 |
17 |
Elective |
15080 |
Conceptualise and maintain the marketing, selling and leasing of residential properties |
Level 6 |
Level TBA: Pre-2009 was L6 |
17 |
Elective |
15076 |
Design, review and adapt facility management procedures and processes to deliver objectives |
Level 6 |
Level TBA: Pre-2009 was L6 |
4 |
Elective |
15090 |
Establish, manage and analyse property asset and investment management opportunities |
Level 6 |
Level TBA: Pre-2009 was L6 |
4 |
Elective |
15067 |
Perform valuations for expropriation and restitution purposes |
Level 6 |
Level TBA: Pre-2009 was L6 |
12 |
Elective |
15119 |
Perform valuations of special properties |
Level 6 |
Level TBA: Pre-2009 was L6 |
12 |