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 UNIT STANDARD: 

Identify and administer processes relating to property transaction, mortgage and pledge laws 
SAQA US ID UNIT STANDARD TITLE
12986  Identify and administer processes relating to property transaction, mortgage and pledge laws 
ORIGINATOR
SGB HET Accountancy and Financial Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
FASSET - Financial and Accounting Services SETA 
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 6  Level TBA: Pre-2009 was L6  10 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

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 unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
People credited with this unit standard are generally found within the general accounting field. On successful completion of the unit standard, people will be able to demonstrate knowledge of laws relating to property transactions, mortgages and pledges, and identify and explain validly executed documents governing security within the context of the accounting profession. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Unit standard, Demonstrate a basic knowledge of South African legislation as it relates to the accounting function, NQF level 5. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Demonstrate knowledge of laws relating to property transactions, mortgages and pledges. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The general principles of law relating to property transactions is described to clients in a meaningful manner. 
ASSESSMENT CRITERION RANGE 
Sectional Titles Act, Share Block Schemes Act, Time sharing schemes, Rights of purchasers, Protection of tenants, Alienation of Land Act 1981.
 

ASSESSMENT CRITERION 2 
2. The general principles of mortgage and pledge law is explained to clients in a manner that ensures understanding. 

ASSESSMENT CRITERION 3 
3. A working knowledge of formalities for valid security is demonstrated in relation to the law of mortgage and pledge. 

SPECIFIC OUTCOME 2 
Demonstrate understanding of the effects of various forms of security. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Parties to a mortgage or pledge are identified and defined in line with the law of mortgage and pledge. 

ASSESSMENT CRITERION 2 
2. The various types of mortgages and pledge are described to clients in a meaningful manner. 

ASSESSMENT CRITERION 3 
3. The effects of various forms of security relating to the law of mortgage and pledge are explained to clients using familiar terminology. 

SPECIFIC OUTCOME 3 
Identify and assess executed documents governing security. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Executed documents governing security are assessed in terms of their validity. 

ASSESSMENT CRITERION 2 
2. The effects of special conditions relating to validly executed documents governing security are explained to clients in a manner that facilitates understanding. 

ASSESSMENT CRITERION 3 
3. Elements of security relating to mortgages and pledge are identified and described in layman's terms. 
ASSESSMENT CRITERION RANGE 
Extinction of mortgages and pledges, Foreclosure
 

ASSESSMENT CRITERION 4 
4. Tacit securities/ liens are identified, categorised and defined in legally accepted terms. 
ASSESSMENT CRITERION RANGE 
Debtor and creditor liens, Enrichment liens, Requisite possession for property to be subject to a lien, Legal effect of liens
 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
Accreditation for this unit standard shall be obtained from the relevant Education and Training Quality Assurance Body, through summative assessment by a registered assessor.

Moderation activity comments by SGB's, organisations and individuals may be forwarded to NSB03. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
A demonstrated understanding of:
  • Time sharing schemes
  • Rights of purchasers
  • Protection of tenants
  • Mortgages and pledges
  • Foreclosure
  • Tacit securities

    Legal Requirements:
  • Sectional Titles Act
  • Share Block Schemes Act
  • Alienation of Land Act 1981 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, organise and critically evaluate information. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and language skills in the modes of oral and written presentations. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems. 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  24453   National Certificate: Real Estate  Level 6  Level TBA: Pre-2009 was L6  Reregistered  2023-06-30  SERVICES 


    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.