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 knowledge and understanding of ownership of property relevant to mortgage finance 
SAQA US ID UNIT STANDARD TITLE
13415  Demonstrate knowledge and understanding of ownership of property relevant to mortgage finance 
ORIGINATOR
SGB Banking and Micro Finance 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
BANKSETA - Banking Sector Education and Training Authority 
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04 
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 is intended for all learners in the field of mortgage finance as it provides an introduction to the application of concepts, terms, and legislation relevant to ownership of property in the context of mortgage finance.

Persons credited with this unit standard will be able to demonstrate knowledge and understanding of terms related to ownership of immoveable property; the legal requirements for ownership and transfer of ownership; and evaluate different ownership options open to a purchaser. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
There is open access to this unit standard. Learners should be competent in Communication at level 3. 

UNIT STANDARD RANGE 
N/A 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Demonstrate knowledge and understanding of terms related to ownership of immoveable property 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The meaning of the term ownership of immoveable property is explained, and illustrated with the use of examples, according to its legal definition. 

ASSESSMENT CRITERION 2 
2. The rights and duties of an owner of immoveable property are explained according to the basic common law and legislative requirements. 

ASSESSMENT CRITERION 3 
3. The meaning of the term freehold ownership is explained, and illustrated with the use of examples, according to its legal definition. 

ASSESSMENT CRITERION 4 
4. The meaning of the term leasehold ownership is explained, and illustrated with the use of examples, according to its legal definition. 

SPECIFIC OUTCOME 2 
Demonstrate knowledge and understanding of the legal requirements for ownership 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The legal requirements for ownership are explained according the legislative definition in the Deeds Registries Act 47 of 1937. 

ASSESSMENT CRITERION 2 
2. The details contained in a title deed are specified and explained according the basic requirements of the Deeds Registries Act 47 of 1937. 

ASSESSMENT CRITERION 3 
3. The concept of servitudes over immoveable property is explained according to the basic legal definition. 

ASSESSMENT CRITERION 4 
4. The impact of a personal servitude on the ownership rights over immoveable property is explained with the use of examples according to the basic legal definition. 

ASSESSMENT CRITERION 5 
5. The impact of a preadial servitude on the ownership rights over immoveable property is explained with the use of examples according to the basic legal definition. 

SPECIFIC OUTCOME 3 
Demonstrate knowledge and understanding of the legal requirements for transfer of ownership 
OUTCOME RANGE 
Prescription, expropriation, marriage in community of property and insolvency of the registered owner, Evidence of competence across the entire range is required. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The basic process through which a transfer of ownership of immoveable property occurs is explained according the Deeds Registries Act 47 of 1937. 

ASSESSMENT CRITERION 2 
2. The manner in which the legislation protects the rights of the owner of property is explained according to the Deeds Registries Act. 

ASSESSMENT CRITERION 3 
3. The manner in which the legislation protects the rights of a purchaser of property is explained according to the requirements specified in the Deeds Registries Act. 

ASSESSMENT CRITERION 4 
4. Examples of ownership without registration in the deeds office are explained according to the legal requirements definition. 

SPECIFIC OUTCOME 4 
Evaluate different ownership options open to a purchaser 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The ownership options available for registering a property in an individual's name are identified and explained according to the legal requirements for such a registration. 
ASSESSMENT CRITERION RANGE 
One individual, joint names when married in community of property, joint names when married out of community of property, joint names when not married. Evidence of competence across the entire range is required.
 

ASSESSMENT CRITERION 2 
2. The ownership options available for registering a property in the name of a non-individual legal entity are identified and explained according to the legal requirements for registration. 
ASSESSMENT CRITERION RANGE 
Close corporation, company, trust or partnership. Evidence across the entire range is required for competence.
 

ASSESSMENT CRITERION 3 
3. The options are evaluated and compared according to the legal implications of registering property. 

ASSESSMENT CRITERION 4 
4. The options are evaluated and compared according to the tax implications of the different forms of registering property. 

ASSESSMENT CRITERION 5 
5. The options are evaluated and compared according to the practical administrative implications to the purchaser of the different forms of ownership. 

ASSESSMENT CRITERION 6 
6. The advantages and disadvantages are illustrated through matching the ownership option best suited to a purchaser's profile according to the administrative, legal and tax implications. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
1 Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.
2 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.
3 Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures.

Therefore, anyone wishing to be assessed against this unit standard may apply to be assessed by any assessment agency, assessor or provider institution that is accredited by the relevant ETQA. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
In this standard the learner is required to demonstrate the application of knowledge to be able to identify the legal owner of property and how it is possible to determine ownership. This includes what documentation is expected and what different forms of ownership exist. The criteria against which this knowledge is evaluated are expressed in the standard. 

UNIT STANDARD DEVELOPMENTAL OUTCOME 
N/A 

UNIT STANDARD LINKAGES 
N/A 


Critical Cross-field Outcomes (CCFO): 

UNIT STANDARD CCFO IDENTIFYING 
In this standard the learner demonstrates the ability to identify and solve problems when the advantages and disadvantages of different ownership options are illustrated through matching the ownership option best suited to a purchaser`s profile according to the administrative, legal and tax implications. 

UNIT STANDARD CCFO COLLECTING 
In this standard the learner demonstrates the ability to collect, organise and critically evaluate information when different ownership options are evaluated and compared according to the legal implications of registering property. 

UNIT STANDARD CCFO CONTRIBUTING 
In this standard the learner demonstrates the ability to understand the relationship between a personal and preadial servitude and the ownership rights over immoveable property is explained with the use of examples according to the basic legal definition. 

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 
Additional information:

Legal requirements:

All procedures must meet recognised codes of practice as well as obligations required by current legislation within South Africa and within the normal parameters of the defined job/task. 

QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
  ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
Elective  20185   Further Education and Training Certificate: Banking  Level 4  NQF Level 04  Reregistered  2023-06-30  BANKSETA 


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.
 
1. Absa Learning & Development 
2. Bidvest Bank 
3. Chartall Business College 
4. Cornerstone Performance Solutions (Pty) Ltd 
5. Felix Risk Training Consultants 
6. Firstrand Bank - Benmore 
7. Nedbank Ltd 
8. The Facilitation Workshop 



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.