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: 

Demonstrate an understanding of real estate auctioning 
SAQA US ID UNIT STANDARD TITLE
377300  Demonstrate an understanding of real estate auctioning 
ORIGINATOR
Task Team - Auctioneering 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Marketing 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  NQF Level 05 
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 does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard would be useful to all people involved in the Auctioneering industry, particularly those involved in the Auctioneering of real estate. It would also be useful for estate agents.

The qualifying learner is capable of:
  • Explaining and describing the purpose and function of the Estate Agents Act (Act no 112 of 1976) and its amendments.
  • Explaining and describing the purpose and function of the Alienation of Land Act (Act no 68 of 1981) and its amendments.
  • Demonstrating an understanding of the conditions of sale for real estate.
  • Explaining the auctioning process for real estate. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that a learner will be competent in:
  • Communication at NQF Level 4.
  • Mathematical Literacy at NQF Level 4. 

  • UNIT STANDARD RANGE 
  • The relevant acts will include the Estate Agents Act no.112 of 1976 and Alienation of Land Act no.68 of 1981.
  • Clauses will include payment required, description of property, transfer of us, transfer of possession, voetstoets, cancellation, breach, nominee, electrical compliance, price, confirmation of price, commission, suspensive and cooling-off clauses. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain and describe the purpose and function of legislation specifically applicable to Estate Agents. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Legislation is cartegorised in terms of its purpose and applicability. 

    ASSESSMENT CRITERION 2 
    The purpose of the legislation applicable to real estate auctioning is explained with examples. 

    ASSESSMENT CRITERION 3 
    The key areas and clauses of legislation regarding estate auctioning are explained with examples. 

    ASSESSMENT CRITERION 4 
    The enforcement process of the legislation is described in terms of what it means for individual auctioneering organizations and buyers. 

    ASSESSMENT CRITERION 5 
    The process required before a real estate auction can take place and the process that a real estate auction must follow are explained in terms of the requirements of the legislation. 

    SPECIFIC OUTCOME 2 
    Demonstrate an understanding of the conditions of sale for real estate. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The purpose and nature of a valid mandate is explained in terms of the advantages and disadvantages and legal requirements for both the estate agent and the seller. 

    ASSESSMENT CRITERION 2 
    Suspensive conditions pertaining to real estate auctioning are explained with examples. 

    ASSESSMENT CRITERION 3 
    An absolute one-sided contract is described in terms of legislative regulations. 

    SPECIFIC OUTCOME 3 
    Explain the auctioning process for real estate. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    That the selling of property is explained in terms of "by the rise" and in line with company procedures. 

    ASSESSMENT CRITERION 2 
    The terms "with or without reserve" are explained in line with relevant legislation. 

    ASSESSMENT CRITERION 3 
    Auction conditions are read out in required format and according to company regulations. 

    ASSESSMENT CRITERION 4 
    The term "sold subject to confirmation" is explained in line with legislation. 

    ASSESSMENT CRITERION 5 
    Commission procedure on completion of auction is described in terms of relevant regulations. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed against the unit standard (including through Recognition of Prior Learning) may apply to an assessment agency, assessor or provider institution accredited by the relevant Education and Training Quality Assurance body (ETQA), or one with an appropriate Memorandum of Understanding (MOU) with the relevant ETQA.
  • Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA, or one with an appropriate MOU 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 one with an appropriate MOU with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA, or one with an appropriate MOU with the relevant ETQA.
  • Moderation should include both internal and external moderation where applicable. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • The relevant legislation affecting real estate auctioning.
  • Company systems, policies and procedures for auctioning real estate.
  • Interpreting mandates.
  • The principles and processes for auctioning real estate. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems, which will affect the successful outcome of the real estate auction. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities to have all relevant legislative acts and amendments available. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information pertaining to the property to be auctioned. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively with sellers and buyers in preparing for a real estate auction. 

    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  80546   Further Education and Training Certificate: Auctioneering Support Services  Level 4  NQF Level 04  Reregistered  2023-06-30  SERVICES 
    Elective  80547   National Certificate: Auctioneering Practices  Level 5  NQF Level 05  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.