Principal Real Estate Agent

The purpose of this qualification is to prepare a learner to function as a Principal Real Estate Agent. A Principal Real Estate Agent leads, directs, and manages the overall strategies and operations of a real estate agency. The Principal Real Estate Agent should have among others the following attributes: communication skills, emotional intelligence, information communication technology, teamwork and management skills. A qualified learner will be able to: • Manage sustainable operations of real estate agency. • Oversee compliance with relevant legal statutes and policies. • Develop, promote and maintain sustainable relationships with stakeholders.

The Property and Real Estate sector is a multi-billion-rand economic activity, which requires professionals who are well-trained and knowledgeable to meet the needs of both the residential and non-residential sectors of the industry. This qualification is meant to equip learners with skills to function effectively and efficiently in the Property and Real Estate sector. The qualification is critical for the effective and sustainable management of the estate agency organisation. The Property and Real Estate sectors are well-established and regulated, and thus have many learners that would benefit from a qualification that is aligned to career path. There is a need to develop career paths in this sub-field, as the industry constantly require the supply of skilled people. The scope of Property and Real Estate Principal changes and evolves all the time, with new opportunities for the Principal Real Estate Agent arising from sectoral transformation and new markets in areas historically neglected. This qualification supports the objectives of the National Qualification Framework in that it gives the learner access to a qualification registered on the Framework. 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 internationally. Learners shall gain in that they shall be able to improve their skills, career and business prospects and livelihood. Typical learners for the qualification are new entrants and persons already employed in the industry, working either as Estate Agents or Auctioneers. The qualification will provide an opportunity for existing and qualified Principal Real Estate Agents to move into general management positions within the property development sector. The qualification was developed in collaboration with the Estate agency industry.

Recognition of Prior Learning (RPL): RPL for access to a qualification Learners will gain access to the qualification through RPL for Access as provided for in the QCTO RPL Policy. RPL for access is conducted by accredited education institution, skills development provider or workplace accredited to offer that specific qualification/part qualification. RPL for exemption of modules Learners who have acquired competencies of the modules of a qualification or part qualification will be credited for modules through RPL. 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 result. Entry Requirements: Occupational Certificate: Real Estate Agent, NQF Level 4.

• Manage sustainable and compliant operations of estate agency.
• Develop, promote, and maintain sustainable relationship with stakeholders.