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: 

Perform valuations of single residential properties 
SAQA US ID UNIT STANDARD TITLE
15077  Perform valuations of single residential properties 
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 4  NQF Level 04  12 
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 
This unit standard forms part of the qualification National Certificate in Property Practice, registered at Level 4 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 Valuation, 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 to provide learners with an introduction to considerations and processes relevant to the valuation of property, with particular reference to the single residential property.

The qualifying learner is capable of:
  • Identifying and collecting information pertaining to single residential property to be valued.
  • Analysing the market
  • Determining the value of the property
  • Preparing and presenting a valuation report 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners accessing this qualification will have demonstrated competence in English communication to the equivalent of NQF 3, and be able to perform mathematical calculations to the equivalent of NQF Level 3. They should also have accessed and been found competent in the core unit standards towards a national certificate in Property Management at NQF Level 4. 

    UNIT STANDARD RANGE 
  • Applicable information including title deeds, Surveyor General information consisting of diagrams and general plans, land use regulations, local authority information including applicable town planning scheme, photographs, field sheets, plans or sketches of improvements, market information, property valuation case law.
  • Relevant valuation methods including market approach and cost approach, with special reference to the pitfalls of the latter approach.
  • Legislation including Land Survey Act 9 of 1997, Deed Registries Act 47 of 1937, Expropriation Act 63 of 1975, Administration of Estates Act 66 of 1965, Property Valuers Profession Act 47 of 2000, Rent Control Act, Sectional Titles Act 95 of 1986, National Monuments Act, National Hergitage Resources Act 25 of 1999, Physical Planning Act 125 of 1991, Town Planning Ordinances of the nine provinces, Rating Ordinances of the nine provinces, National Rates Act (Future).
  • Annexures including locality map, plans or sketches, surveyor general diagram, photographs, title deed, graph, schedule. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Identify and collect information pertaining to a single residential property to be valued. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Different types of single residential properties are identified. 

    ASSESSMENT CRITERION 2 
    2. Instructions are analysed to identify obligations and client needs. 

    ASSESSMENT CRITERION 3 
    3. Applicable information is sourced and interpreted. 

    ASSESSMENT CRITERION 4 
    5. Value forming attributes are identified and assessed. 

    ASSESSMENT CRITERION 5 
    4. Property to be valued is physically inspected. 

    SPECIFIC OUTCOME 2 
    Analyse the market. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The macro economic climate is analysed and interpreted. 

    ASSESSMENT CRITERION 2 
    2. The micro economic climate is analysed and interpreted. 

    ASSESSMENT CRITERION 3 
    3. Comparable market transactions are identified, physically inspected, investigated and analysed to ascertain their market relatedness. 

    ASSESSMENT CRITERION 4 
    4. Highest and best use and potential for alternative use are determined for each relevant property. 

    ASSESSMENT CRITERION 5 
    5. General factors influencing market behaviour are identified and analysed. 

    SPECIFIC OUTCOME 3 
    Determine the value of the property. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The basis of valuation is determined. 

    ASSESSMENT CRITERION 2 
    2. Applicable valuation methods are identified and applied. 

    ASSESSMENT CRITERION 3 
    3. Reasons for choosing a particular valuation method are explained. 

    ASSESSMENT CRITERION 4 
    4. The value is determined and certified. 

    SPECIFIC OUTCOME 4 
    Prepare and present a valuation report. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The valuation report is in the required format with particular respect to completeness, credibility and logical sequence, containing all necessary explanations and motivations. 

    ASSESSMENT CRITERION 2 
    2. The valuation report is presented to the client within the agreed time frames. 

    ASSESSMENT CRITERION 3 
    3. Instructions and requirements are met to ensure client satisfaction. 

    ASSESSMENT CRITERION 4 
    4. Supporting evidence is attached as Annexure to the report where appropriate. 


    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 
  • A comprehensive understanding of the different types of single residential properties.
  • A broad understanding of regional and cultural variations in the single residential property market.
  • A general understanding of the various purposes for which property valuation are required.
  • A broad understanding of the techniques for reading and interpreting maps, plans, diagrams relating to land and improvements.
  • A broad understanding of the techniques for inspecting and measuring land and improvements when determining value-forming attributes of properties for different purposes.
  • A general understanding of determining and application of capitalisation rates, and of overcapitalisation.
  • A basic understanding of maths and methods for calculating areas
  • A basic understanding of economic and environmental factors influencing the value of properties, especially the impact of interest rates on activities in the single residential property market.
  • A broad understanding of the application of property valuation case law relating to valuation for rating purposes
  • A broad understanding of the techniques for reading and interpreting maps, plans, diagrams and aerial photographs relating to land and improvements.
  • A basic understanding of purposes, clauses and maps of town planning schemes.
  • A general understanding of the application of various approaches to the valuation of properties
  • A broad understanding of the methods of calculating costs and depreciation to determine the replacement cost for insurance purposes.
  • A broad understanding of the high and best use and potential for an alternative use of property.
  • A broad understanding of the principles and methods of preparing valuation reports.
  • A comprehensive understanding of the principles and methods of determining bases of valuation for rating purposes. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems in respect of the value forming attributes of properties so that all relevant factors are considered when determining property values. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others when doing valuations for rating purposes. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one`s activities responsibly and effectively when conducting physical inspection of properties so that documentation and equipment are at hand for measurement and calculations. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate all information relating to the valuation process so that a sound database of comparative data is developed for determining the value of a property. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively both verbally and in writing when preparing valuation reports so that information relating to the subject property and comparable properties is clearly presented and indexed to facilitate client understanding of process and approach use to determine property value. 

    UNIT STANDARD CCFO SCIENCE 
    Use computer technology to compile spreadsheets, graphs and databases for purposes of valuation. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems by recognising different cultural and social values and beliefs and that it is the role of the valuer to be sensitive to such factors when performing property valuations. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

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

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  24454   Further Education and Training Certificate: Real Estate  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2007-11-28  Was SERVICES until Last Date for Achievement 


    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.