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 THAT HAS PASSED THE END DATE: 

Analyse, review and manage plans in respect of financial performance of property 
SAQA US ID UNIT STANDARD TITLE
15062  Analyse, review and manage plans in respect of financial performance of property 
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 6  Level TBA: Pre-2009 was L6  4 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "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 Real Estate, registered at Level 6 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 Property Management 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 for learners develop a practical understanding of the necessary processes of review of property management systems in order to improve performance.

The qualifying learner is capable of :
  • Monitoring and reviewing real estate management system to ensure conformance to requirements.
  • Producing and presenting financial performance plans for approval by all stakeholders.
  • Implementing financial management proposals. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners accessing this qualification will have demonstrated competence in the standards towards a National Certificate in Real Estate Practice at NQF Level 5 specialising in Property Management. They must also be able to apply mathematical, financial and accounting practices to the equivalent of NQF Level 6. 

    UNIT STANDARD RANGE 
  • Investment opportunities including land, buildings and investments. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Monitor and review real estate management system to ensure conformance requirements. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Outcomes of management system are monitored and reviewed at pre-determined intervals against documented performance targets and previous performance records. 

    ASSESSMENT CRITERION 2 
    2. Review demonstrates effectiveness of internal audit system. 

    ASSESSMENT CRITERION 3 
    3. Data collection devices are selected and designed to provide accurate and useful information to monitor real estate management system 

    ASSESSMENT CRITERION 4 
    4. Collected data is reviewed to provide measurement information on real estate system performance. 

    ASSESSMENT CRITERION 5 
    5. Real estate management system is reviewed and adapted to quality standards in accordance with organisational requirements. 

    SPECIFIC OUTCOME 2 
    Produce and present financial performance plans for approval by all stakeholders. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Stakeholders are consulted with and opportunities are provided to elicit input. 

    ASSESSMENT CRITERION 2 
    2. Financial performance plans are consistent with organisational direction, policies, strategy and plans, and are responsive to the needs of all stakeholders. 

    ASSESSMENT CRITERION 3 
    3. Objectives formulated are established so targets are achievable and measurable. 

    ASSESSMENT CRITERION 4 
    4. Plans are presented to all stakeholders for approval. 

    ASSESSMENT CRITERION 5 
    5. Financial performance plans produced provide stakeholders with quality services delivered and meet organisational objectives 

    ASSESSMENT CRITERION 6 
    6. Presentation is conducted within agreed parameters and time frames. 

    SPECIFIC OUTCOME 3 
    Implement financial management proposals. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Implementation of authorised plans is achieved within agreed time frames and resource constraints. 

    ASSESSMENT CRITERION 2 
    2. Implementation complies with all applicable legal and statutory requirements. 

    ASSESSMENT CRITERION 3 
    3. Responsibilities are allocated so that staff and role responsibilities are matched with implementation requirements. 

    ASSESSMENT CRITERION 4 
    4. Implementation of plan conforms to operational policies and procedures. 

    ASSESSMENT CRITERION 5 
    5. Implementation makes optimum use of available resources. 


    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 general understanding of the concepts of how systems operate within the organisation.
  • A broad understanding of trends within the global real estate environment as it relates to real estate management.
  • A comprehensive understanding of the methods and techniques for producing plans.
  • An all rounded understanding of the methods and techniques for making presentations. 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
  • Identify and solve problems when monitoring, reviewing, designing and producing financial performance plans for approval by all stakeholders. 
    		•

    UNIT STANDARD CCFO WORKING 
  • Work effectively with others in the organisation by recognising the fact that decisions made by management affect all aspects of real estate management organisation, especially the financial impact. 
    		•

    UNIT STANDARD CCFO COLLECTING 
  • Collect, evaluate, organise and critically evaluate information, to enable accurate monitoring and reviewing and proposals to be formulated 
    		•

    UNIT STANDARD CCFO COMMUNICATING 
  • Communicate effectively when presenting financial performance plans to stakeholders so that all people understand the plans and approval is obtained. 
    		•

    UNIT STANDARD CCFO DEMONSTRATING 
  • Understand the world as a set of related systems where various factors in the real estate management environment impact on the proposed financial plans and activities. 
    		•

    UNIT STANDARD CCFO CONTRIBUTING 
  • In order to contribute to the full personal development of each learner and the social and economic development of society at large, it must be the intention underlying any programme of learning to make an individual aware of the importance of being aesthetically and culturally sensitive across a range of social contexts when managing plans in respect of financial performance, and of developing entrepreneurial opportunities. 
    		•

    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  24453   National Certificate: Real Estate  Level 6  Level TBA: Pre-2009 was L6  Passed the End Date -
    Status was "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.