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 market assessments 
SAQA US ID UNIT STANDARD TITLE
258136  Perform market assessments 
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 5  Level TBA: Pre-2009 was L5  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 replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
15085  Perform valuations of agricultural properties used for extensive farming  Level 5  Level TBA: Pre-2009 was L5  12  Complete 

PURPOSE OF THE UNIT STANDARD 
This unit standard is for learners working within a Real Estate environment, specialising in market assessment, where the acquisition of competence against this standard will add value to the learner's understanding of the sector and functioning in the workplace. This unit standard will enable a learner to perform market assessments on properties, including a range of different types of properties. The learner will develop a practical understanding of the considerations and processes of valuing all types of property including conventional and sectional title for sales purposes.

The qualifying learner is capable of:
  • Identify and collect information pertaining to a property.
  • Analysing the market pertaining to the appropriate property type.
  • Determining the value of the property or land.
  • Preparing and presenting a report verifying an estimation of the current market value of a residential property. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that the learner accessing this standard will be competent in Communications and Mathematical literacy at NQF Level 4. 

    UNIT STANDARD RANGE 
    Estimations of market value will include information from all or some of the following documents:
  • Property market assessments are applicable to title deed, Surveyor General information consisting of diagrams, general and sectional title plans, land use regulations, local authority information (where applicable) including applicable town planning schemes, photographs, plans and sketches of improvements, market information.
  • Relevant market assessment methods including comparative market analysis, income cost approach, and combinations of these.
  • Legislation where applicable includes but is not limited to Land Survey Act 8 of 1997, Deeds Registries Act 47 of 1937, Expropriation Act 63 of 1975, Rental Housing Act 50 of 1999, Sectional Titles Act 95 of 1986, National Monuments Act, National Heritage Resources Act 25 of 1999, Removal of Restrictions Act, Estate Agents Code of Conduct.
  • Annexures include but are not limited to locality map, plans of sketches, surveyor general diagram, photographs, title deed, graphs and schedules. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Identify and collect information pertaining to a property. 
    OUTCOME RANGE 
    Property includes but is not limited to residential properties and/or agricultural properties and/or commercial/industrial properties and/or leisure properties. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The different properties are categorised according to property type and sub types. 

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

    ASSESSMENT CRITERION 3 
    Applicable information is sourced and interpreted to determine property market estimates. 

    ASSESSMENT CRITERION 4 
    Legislation pertaining to the property is identified and interpreted to determine what conditions apply to property market estimation. 

    ASSESSMENT CRITERION 5 
    The property is physically inspected to determine market value. 

    ASSESSMENT CRITERION 6 
    Value forming attributes are identified and assessed to determine market estimation specifications. 

    SPECIFIC OUTCOME 2 
    Analyse the market pertaining to the property. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The macro-economic climate is analysed and interpreted to determine impact on potential sale of the property. 

    ASSESSMENT CRITERION 2 
    The micro-economic climate is analysed and interpreted to determine the impact on the potential sale of the property. 

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

    ASSESSMENT CRITERION 4 
    Highest and best use and potential for alternative use are determined in order to determine potential value. 

    ASSESSMENT CRITERION 5 
    General factors influencing market behaviour are identified and analysed to determine impact on potential sale of the property. 

    SPECIFIC OUTCOME 3 
    Determine the value of property or land. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The basis of estimation is determined in order to compile the report. 

    ASSESSMENT CRITERION 2 
    Applicable market assessment methods are identified and applied to estimation process. 
    ASSESSMENT CRITERION RANGE 
    Valuation methods include but are not limited to comparable selling methods, cost method (for unique properties and/or replacement cost, ie. insurance etc) and Income method (for commercial properties that produce income).
     

    ASSESSMENT CRITERION 3 
    Reasons for choosing a particular market assessment method are explained in relation to the particular property being assessed and the related micro, macro-economic and general factors influencing this estimation. 

    ASSESSMENT CRITERION 4 
    The estimation of the value of the property is determined according to a chosen market assessment method. 

    SPECIFIC OUTCOME 4 
    Prepare and present a current market assessment report. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    A Comparative Market assessment evaluation report is completed and contains all necessary explanations and motivations in the required format. 

    ASSESSMENT CRITERION 2 
    The report is presented to the client according to the client's need. 

    ASSESSMENT CRITERION 3 
    Supporting evidence is provided by means of annexures to the report where appropriate. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Any individual wishing to be assessed (including through RPL) against this unit standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this unit standard or assessing this unit standard must be accredited as a provider with the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • The application of various approaches applicable to the valuation of the different types of properties under consideration.
  • The methods and procedures to be followed in the valuation of the type of properties under consideration, and the main sources of information available to the valuer.
  • The regional and cultural variations in the property market.
  • The various purposes for which property valuations are required.
  • The techniques for reading and interpreting maps, plans and diagrams relating to the type of properties under consideration.
  • Highest and best use and potential for alternative use.
  • The legal factors and limitations that impact on the valuation of property, including subdivision and consolidation, categorisation of real rights and servitudes, as appropriate.
  • The property valuations case law.
  • The principles and application of the time value of money.
  • The application of discounted cash flow studies (where applicable).
  • Feasibility studies (where applicable).
  • The different types of property.
  • The techniques used for inspecting and measuring different types of properties and land and improvements for purposes of valuation, as appropriate.
  • The mathematical procedures and methods of calculation of areas.
  • Basic accounting skills as related to procedures involved in performing valuation of income producing properties.
  • The town planning schemes, various land classifications and the type of agricultural properties used for extensive farming, as appropriate.
  • The methods for estimating and calculating costs for determining replacement cost for insurance purposes.
  • The principles of accessibility and the influence of the cost of transport facilities on the value of properties, as appropriate.
  • The principles and methods of preparing fully motivated valuation reports in respect of type of property.
  • Impact of servitudes and zoning restrictions. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems using critical and creative thinking processes to determine the principles and requirements for the market assessment of a property. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organisation or community to gather all the necessary information required in order to effectively perform a market assessment of a property. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to conduct the necessary research and prepare a market assessment report within agreed timeframe. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information in order to effectively identify factors that may impact on the market assessment of a property. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion to present a market assessment report. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility to the environment and health of others to gather all the necessary micro-economic, macro-economic and general data and compile a market assessment report. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that a market assessment of a property within a Real Estate context does not exist in isolation and that a variety of factors including micro-economic, macro-economic and general factors will impact on value of a property. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participate as responsible citizens in the life of local, national and global communities by ensuring that the market assessments of the property are carefully considered and compiled. 

    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 
    This unit standard replaces unit standard 15085, " Perform valuations of agricultural properties used for extensive farming", Level 5, 12 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  80547   National Certificate: Auctioneering Practices  Level 5  NQF Level 05  Reregistered  2023-06-30  SERVICES 
    Elective  59201   National Certificate: Generic Management  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  As per Learning Programmes recorded against this Qual 


    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.