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: 

Collate, interpret and utilise financial information in a Real Estate business 
SAQA US ID UNIT STANDARD TITLE
258137  Collate, interpret and utilise financial information in a Real Estate business 
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 
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
15071  Collate, interpret and utilise financial information in a real estate business  Level 5  Level TBA: Pre-2009 was L5  Complete 

PURPOSE OF THE UNIT STANDARD 
This unit standard is for learners working within a Real Estate environment, seeking to acquire or enhance the competences to be a Principal in a Real Estate business or working within a Real Estate environment specialising in management or sales or rental. The acquisition of competence against this standard will add value to the learner's 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 or Real Estate business.

The qualifying learner is capable of:
  • Collating, interpreting and analysing financial data in order to monitor financial property transactions.
  • Evaluating financial information against reporting requirements.
  • Applying financial and investment tools to interpret and report on financial and investment data.
  • Monitoring the implementation of portfolio plan and resulting decisions from basic feasibility studies.
  • Planning and implementing financial controls.
  • Maintaining financial records. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that the learner accessing this standard will be competent in:
  • Communication at NQF Level 4.
  • Mathematical Literacy at NQF Level.
  • The unit standard:
    > US 116597 - Manage trust accounts according to relevant act. 

  • UNIT STANDARD RANGE 
  • Financial data includes but is not limited to financial statements, balance sheets, expense statements, investment statements, asset register and financial records.
  • Portfolios include but are not limited to personal portfolios, institutional portfolios, trust accounts and conveyancing records and information.
  • Basic feasibility studies are relevant to residential developments and/or commercial developments, industrial developments, financial feasibility, township development, sectional title schemes, retirement villages, office buildings and shopping centres and it will depend upon which environment the learner operates in as to which of these will apply. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Collate, interpret and analyse financial data in order to monitor financial property transactions. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Financial data is collated and presented in the required format. 

    ASSESSMENT CRITERION 2 
    Financial data is interpreted using established methods and techniques. 

    ASSESSMENT CRITERION 3 
    Financial monitoring and control systems are applied in terms of company policy and prescripts. 

    ASSESSMENT CRITERION 4 
    Financial and resource usage is monitored against performance measures and in order to proactively manage the finances of the business. 
    ASSESSMENT CRITERION RANGE 
    Monitor includes the identification of opportunities for and initiating corrective action.
     

    ASSESSMENT CRITERION 5 
    Cash flow management procedures are designed in line with cash flow forecasts. 

    SPECIFIC OUTCOME 2 
    Evaluate financial information against reporting requirements. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Financial data is prepared in terms of financial policies and procedures. 

    ASSESSMENT CRITERION 2 
    Financial information is evaluated for business compliance with legislative requirements. 

    ASSESSMENT CRITERION 3 
    Evaluation of actual against expected results in financial and investment statements is applied in accordance with business requirements. 

    ASSESSMENT CRITERION 4 
    Cash flow forecast is compared to actual to ensure that effective cash flow is maintained in business. 

    SPECIFIC OUTCOME 3 
    Apply financial and investment tools to interpret and report on financial and investment data. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Established techniques and the tools are applied to identify financial and investment data. 

    ASSESSMENT CRITERION 2 
    Financial ratio checks are evaluated for conformity within expected results and variances are examined to determine corrective action required. 

    ASSESSMENT CRITERION 3 
    The principles and practices of financial and investment management are identified and applied to ensure success operation of Real Estate business. 

    ASSESSMENT CRITERION 4 
    Financial and investment reports and findings are presented in a manner and form to facilitate decision making by others. 

    SPECIFIC OUTCOME 4 
    Monitor the implementation of portfolio plan and resulting decisions from basic feasibility studies. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Basic feasibility studies are undertaken to determine viable Real Estate investments and business focus areas. 

    ASSESSMENT CRITERION 2 
    Implementation processes and procedures are set up according to decisions based on feasibility study and achieved within given time and resource constraints. 

    ASSESSMENT CRITERION 3 
    Systems to monitor quality, quantity, cost and time specifications are implemented and maintained in accordance with plans and policies. 

    ASSESSMENT CRITERION 4 
    Monitoring procedures identify deviations from plans and enable remedial actions to be implemented in a proactive manner. 

    SPECIFIC OUTCOME 5 
    Plan and implement financial controls. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Financial budgets are planned and recorded according to business focus and strategic goals. 
    ASSESSMENT CRITERION RANGE 
    Financial budgets include but are not limited to marketing and advertising budgets.
     

    ASSESSMENT CRITERION 2 
    Financial controls are formulated for compliance with legislative and organisational requirements. 

    ASSESSMENT CRITERION 3 
    Trust accounts are implemented, controlled and managed according to business procedures and Real Estate code of conduct. 

    ASSESSMENT CRITERION 4 
    Conveyancing activities are monitored and controlled to ensure effective processing of Real Estate transactions. 

    ASSESSMENT CRITERION 5 
    Real Estate transactions are controlled and managed in line with overall organisational and Real Estate business practices. 

    ASSESSMENT CRITERION 6 
    Referral and network systems are managed and controlled to ensure that Real Estate opportunities are maximised. 

    SPECIFIC OUTCOME 6 
    Maintain financial records. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The importance of accuracy and confidentiality in financial record keeping is explained with reference to the Real Estate environment. 

    ASSESSMENT CRITERION 2 
    Financial records are updated within set deadlines. 

    ASSESSMENT CRITERION 3 
    Data is backed up via a computerised or manual bookkeeping system. 

    ASSESSMENT CRITERION 4 
    A basic format for and the contents to include in financial records and statements is drawn up to meet legislative and organisational requirements. 

    ASSESSMENT CRITERION 5 
    The flow of data from source documents and records to statements is maintained on an ongoing basis. 

    ASSESSMENT CRITERION 6 
    Support entries and cross referencing to relevant documentation is ensured to validate documents and ensure effective maintenance of records. 

    ASSESSMENT CRITERION 7 
    Errors, irregularities and discrepancies are rectified and reported in accordance with financial controls and procedures and within set deadlines. 


    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 
  • A general knowledge of financial and investment concepts.
  • Financial and investment strategies and plans for a Real Estate environment.
  • Principles and methods for interpreting financial data. 

  • 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 suitable financial practices and controls within the Real Estate environment. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organisation or community to ensure that financial controls and procedures are proactively implemented. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to set sufficient time aside to conduct financial planning and feasibility studies to determine business focus for profitability. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information in order to make sound financial decisions. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion to present financial plans, decisions and controls to relevant parties who will contribute to financial operations of business. 

    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 financial data and maintain financial controls. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that financial management within a Real Estate context does not exist in isolation and that a variety of factors including trends and developments in the Real Estate environment, economic factors and internal business focus and strategy will impact on this. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participate as responsible citizens in the life of local, national and global communities by ensuring that the financial controls and trust accounts are operated according to Real Estate code of conduct and business practices. 

    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 15071, "Collate, interpret and utilise financial information in a real estate business", Level 5, 8 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    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 
    Elective  66089   National Certificate: Human Settlements Development  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  CETA 


    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.