Auctioneer

The purpose of this qualification is to prepare a learner to function as an Auctioneer. An Auctioneer conducts transparent and fair sales of movable and immovable assets by accepting offers from buyers (the Public) and accepting the highest purchase price to realise the best sales value for the seller. Attributes for the auctioneer amongst others should include communication skills, writing skills, research skills, financial skills and information and communication technology (ICT). A qualified learner will be able to: • Secure a mandate to sell an asset. • Assess and determine the value of the asset for auctioning. • Conduct marketing to auction an asset. • Facilitate acceptance of bids and disposal of auction assets. • Administer and reconcile the sale of assets.

The property sector is a multi-billion-rand economic activity which requires professionals who are well-trained and knowledgeable to meet the needs of both the movable and non-movable properties subsector. This qualification strives to equip learners to operate effectively and efficiently in the auctioneering subsector as well as ensuring protection of the consumer as required by consumer protection legislation. The auctioneering practice, as part of the property sector is well-established and regulated, thus has many learners that would benefit from qualifications aligned to career paths. This means there is a need to develop career paths, as the industry is constantly in need of skilled people. The scope of auctioneering is changing and evolving all the time, with new opportunities for the auctioneer arising with sectoral transformation and new markets in areas historically neglected by the sector. It will therefore ensure that the quality of education and training in the industry is enhanced and of a comparable standard to qualifications in other sectors in South Africa, and similar qualifications internationally. The society shall benefit the proper disposal process and value on assets that could have been lost. Typical learners for the qualification will be persons already employed in the industry, providing support service to auctioneers and new entrants interested in the field. The qualification will provide an opportunity for existing and qualified auctioneers to move into estate agency practice within the property development sector. Growth is possible within various higher responsibilities in the auctioneering field, valuation, and estate agency. The qualification was developed in collaboration with the auctioneering industry.

• RPL for access to the external integrated summative assessment: Accredited providers and approved workplaces must apply the internal assessment criteria specified in the related curriculum document to establish and confirm prior learning. Accredited providers and workplaces must confirm prior learning by issuing a statement of results or by certifying a work experience record. • RPL for access to the qualification: Accredited providers and approved workplaces may recognise prior learning against the relevant access requirements. Entry Requirements: • Any NQF Level 3 qualification.

• Demonstrate the ability to secure a mandate to sell an auction asset.
• Demonstrate the ability to market the auction stock to draw buyer to the auction.
• Manage all auction records to ensure legal compliance and client satisfaction.