‘ONE LEARNER – ONE ESTATE AGENCY’
YOUTH PROGRAMME
 The intern estate agent
will be placed in the
service of a registered
estate agency under the
supervision and control
of a suitably qualified
mentor for a period of 12
months.
 This internship period is
intended to equip intern
estate agents with the
required
property
market experience while
they
obtain
the
necessary real estate
qualifications.
WHAT IS THE ‘ONE
LEARNER – ONE ESTATE
AGENCY’ YOUTH
PROGRAMME?
 To increase the level of representation and participation of the
youth and previously disadvantaged persons within the
property sector;
 To ensure implementation of appropriate systems and
supporting structures to facilitate, consolidate and enhance the
property sector skills-base amongst the target groups to
prepare for their active participation in the sector;
 To use the programme as a catalyst
for skills transfer within the property
sector;
 To use the programme to enhance
job
creation
and
economic
transformation within the sector;
 To enhance economic growth and
development through new entrants
in the property sector by
implementing support programmes;
 To create a platform to support the
achievement of broader human
settlements goals and economic
development.
TARGET GROUPS
The ‘One Learner – One Estate Agency’
Youth Programme will target the youth
and previously disadvantaged persons.
 It is estimated that approximately 10
000 intern estate agents will be
sourced over a three-year period to
take part in the programme.
 The programme is available to
matriculants, FET (TVET) college
graduates, university and university
of technology graduates and persons
with disability.
 Intern estate agents will be screened and placed on a 12
month internship programme under the supervision and
control of a suitably qualified mentor estate agent;
 During the internship period intern estate agents will be
exposed to practical work learning as well as theoretical
study as they seek to be certificated against the Further
Education and Training Certificate: Real Estate (NQF Level 4);
 Intern estate agents and mentors must also maintain an
intern logbook;
 Upon completion of the 12 month internship period and
after having been certificated against the NQF Level 4 real
estate qualification, intern estate agents will be required to
enrol for and pass the Professional Designation
Examination (PDE 4);
 Intern estate agents having met these requirements can
apply for a status upgrade and will have acquired the
Professional Practitioner in Real Estate (PPRE);
STRUCTURE OF THE
‘ONE LEARNER – ONE
ESTATE AGENCY’
YOUTH PROGRAMME
 Persons who wish to become real
estate business owners are
thereafter
required
to
be
certificated against the National
Certificate: Real Estate (NQF Level
5) and may, once they have been
certificated – open their own
estate agency firm;
 They will then be granted a period
of two years to enroll for and pass
the
Professional
Designation
Examination (PDE 5) which will
provide them with the status of
Master Practitioner in Real Estate
(MPRE).
Complete online
application and upload CV
Enroll and write PDE 4
Apply for status upgrade
to Professional
Practitioner in Real Estate
(PPRE)
Placement of learner
with registered estate
agency firm
Apply to EAAB for intern
fidelity fund certificate
Complete intern
logbook for EAAB
assessment
Complete 12 month
internship and obtain FETC:
Real Estate NQF Level 4
Obtain National
Certificate: Real Estate
Apply for status upgrade and
open estate agency firm
Enroll and write PDE 5 within
two years to obtain the
Master Practitioner in Real
Estate (MPRE)
PLEDGE STATUS
Grouping
SEEFF
REMAX
JAWITZ
PAM GOLDING
WAKEFIELDS
BROLL
GROWTH POINT
ENKEL & VOLKERS
Leapfrog
RAWSONS
CHASE EVERITT
HARCOURTS
KNIGHT PORTER & FRANK
Lew Geffen
Many Small Agencies
Status
PLEDGE SIGNED
PLEDGE SIGNED
PLEDGE SIGNED
PLEDGE SIGNED
PLEDGE SIGNED
PLEDGE SIGNED
PLEDGE SIGNED
PLEDGE SIGNED
PLEDGE SIGNED
PLEDGE SIGNED
PLEDGE SIGNED
PLEDGE SIGNED
PLEDGE SIGNED
PLEDGE SIGNED
PLEDGE SIGNED
BENEFITS TO THE PROPERTY MARKET Cont/…
The level of representation and participation of the
youth and previously disadvantaged persons in the
property and real estate sectors will be significantly
enhanced.
The transformational goals and objectives established
by the Property Sector Transformation Charter will be
achieved.
The scope of active economic participation by the youth
and previously disadvantaged persons within the
property and real estate sectors will be widened.
 There will be an
increase in the level
of
understanding
and appreciation of
property as an
economic asset and
as a source of
wealth.
 Professionalism
within the sector
will be significantly
enhanced.
 Adequately trained and skilled professional property
practitioners who have a real estate qualification
amplified by on-the-job training who will be able to
discharge property market services diligently and
professionally.
 The property sector as a career of choice and
development will be promoted amongst previously
disadvantaged communities and persons with disability.
HOW DO YOU INDICATE YOUR WISH TO BECOME
AN INTERN ESTATE AGENT?
Form for prospective intern estate agents
Prospective intern estate agents may complete an online
form indicating their wish to be taken into service as an intern
estate agent and in addition, provide and upload a
curriculum vitae and photograph, and indicate their interest
in the estate agency sector.
Placement of intern estate agents
 The
EAAB
will
match
appropriate intern estate
agents with able and willing
mentors/host employers.
 The intern estate agent will be
required, at this stage, to
apply to the EAAB for the
issue of an intern fidelity fund
certificate accompanied by
payment of the required levy.
 The EAAB trusts and looks
forward to the co-operation of
prospective
interns
and
mentors in this respect.
“A GOLDEN OPPORTUNITY TO CREATE NEW
YOUTH ENTREPRENEURS AND NEW JOBS
FOR SOUTH AFRICA”
BACKGROUND
With the advent of the
Consumer Protection Act,
2011, sellers and buyers of
property and estate agents are
now more aware of the need
to be diligent in disclosing the
true condition of the property
to the buyer;
The CPA has made it relatively
simple and free for aggrieved
property buyers to refer
complaints to the National
Consumer Commission;
BACKGROUND
Previously, property buyers had to follow
expensive legal action to pursue a claim against
the seller;
CPA places responsibility on the seller to make full
disclosure to the buyer of the actual condition of
the property which is exchanging hands;
More and more South Africans are aware of their
consumer rights when buying, selling, building or
altering properties;
Consequently, there is a growing need for the full
disclosure of the property before property transaction
takes place;
Currently, more than 22 000 houses are sold in South
Africa, necessitating the need for vigorous property
assessments being undertaken;
WHAT IS
PROPERTY
ASSESSMENT?
Property
assessment
entails a comprehensive
assessment
of
the
property to identify any
defects (if any);
WHAT IS
PROPERTY
ASSESSMENT?
The aim is to provide a potential property buyer with
factual answers regarding the actual physical condition of
the property to enable him/her to make an informed
decision before engaging himself/her on the transaction;
Upon completion of an assessment, the property assessor
should document all significant observable defects and
explain the significance of each defect to the potential
buyer;
 Self-employment would be enhanced;
 Entreprenuerial development will be stimulated;
 Reduction of unemployment and poverty;
 Enhancing professionalism within the property market;
 Better regulation of the sector;
 Enhancement of sustainable human settlements as
properties will be subjected to constant property
assessments when exchanging hands;
WAY FORWARD
Education and training requirements including qualifications
on property assessment should be formalise by May 2015;
The requirement of property assessment as an option will be
included in the new legislation;
A new cadre of property assessors targeting mainly youth
willing to participate in the industry as entrepreneurs and
property assessors should be in place by June 2016;
The ‘One Learner – One Estate Agency’
Youth Programme
For further information on the
‘One Learner – One Estate
Agency’ Youth Programme:
Estate Agency Affairs Board
on www.eaab.org.za or
Tel: 087 285 3222 or email
[email protected].