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: 

Collate, interpret and utilise financial information in a real estate business 
SAQA US ID UNIT STANDARD TITLE
15071  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  5 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2007-07-17  2008-10-22  SAQA 0160/05 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2009-10-22   2012-10-22  

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 is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
258137  Collate, interpret and utilise financial information in a Real Estate business  Level 5  Level TBA: Pre-2009 was L5  8   

PURPOSE OF THE UNIT STANDARD 
registered at Level 5 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 either Property Management or Estate Agency Sales or Rental, 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 to provide learners with an opportunity to consolidate their knowledge and skills of financial concepts and processes in a manner appropriate to needs and processes of the real estate industry.

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 risk management, portfolio planning and feasibility studies.
  • Plan and implement financial controls. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners accessing this qualification will have demonstrated competence in the standards of the National Certificate in Property Practice at NQF Level 4 or equivalent. They must also be able to communicate in English and apply financial and accounting practices to the equivalent of NQF Level 5. 

    UNIT STANDARD RANGE 
  • Financial data including financial statements, balance sheets, expense statements, investment statements, asset register, financial records.
  • Portfolios including personal portfolios and institutional portfolios and trust accounts and conveyancing records and information.
  • Feasibility studies including residential developments, commercial developments, industrial developments, financial feasibility, township development, sectional title schemes, retirement villages, office buildings, and shopping centres. 
    		•

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

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

    ASSESSMENT CRITERION 3 
    3. The interpretation and results are completed within the required time frames. 

    ASSESSMENT CRITERION 4 
    4. Financial monitoring and control systems are applied. 

    ASSESSMENT CRITERION 5 
    5. Financial and resource usage is monitored against performance measures and opportunities for corrective action are identified and initiated. 

    SPECIFIC OUTCOME 2 
    Evaluate financial information against reporting requirements. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Interpretation of financial policies and procedures are applied in the preparation of financial data. 

    ASSESSMENT CRITERION 2 
    2. Financial information is evaluated for compliance with standards. 

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

    ASSESSMENT CRITERION 4 
    4. Evaluations of operating performance draw upon reliable sources of external information. 

    ASSESSMENT CRITERION 5 
    5. Evaluation of the presentation of financial and investment data is in accordance with requirements. 

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

    ASSESSMENT CRITERIA     

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

    ASSESSMENT CRITERION 2 
    2. Ratios are used to manage the effectiveness of reports. 

    ASSESSMENT CRITERION 3 
    3. Evaluation of financial ratio checks for conformity within expected results and examines variances. 

    ASSESSMENT CRITERION 4 
    4. The principles and practices of financial and investment management are identified and applied. 

    ASSESSMENT CRITERION 5 
    5. 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 risk management, portfolio planning and feasibility studies. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Implementation processes and procedures are achieved within given time and resource constraints. 

    ASSESSMENT CRITERION 2 
    2. Implementation procedures conform to the operational policies and plans approved. 

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

    ASSESSMENT CRITERION 4 
    4. Existing and additional resources are optimised to achieve requirements. 

    ASSESSMENT CRITERION 5 
    5. Monitoring procedures identify deviations from plans and enable remedial actions to be implemented. 

    ASSESSMENT CRITERION 6 
    6. Opportunities to improve performance are identified and initiated. 

    SPECIFIC OUTCOME 5 
    Plan and implement financial controls. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Financial budgets are planned and recorded. 

    ASSESSMENT CRITERION 2 
    2. Financial controls are put in place and monitored for compliance. 

    ASSESSMENT CRITERION 3 
    3. Trust accounts are implemented, controlled and managed. 

    ASSESSMENT CRITERION 4 
    4. Conveyancing activities are monitored and controlled. 

    ASSESSMENT CRITERION 5 
    5. Show houses/property is controlled and managed. 

    ASSESSMENT CRITERION 6 
    6. Referral and network system is managed and controlled. 


    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 
  • General knowledge of financial and investment concepts.
  • Financial and investment strategies and plans.
  • 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 pertaining to financial, investment, risk management, portfolio planning and feasibility studies. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others when collating, interpreting and monitoring financial information. 

    UNIT STANDARD CCFO ORGANISING 
    Organise oneself and one`s activities so that alternative plans exist in the event of current financial plans failing. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information to enable speedy decisions to be made with regard to financial or investment issues. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively when monitoring the implementation of all financial plans and activities. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 258137, which is "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
    Core  20188   National Certificate: Real Estate  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  SERVICES 
    Elective  49196   National Certificate: Social Housing Property Development  Level 6  Level TBA: Pre-2009 was L6  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  PSETA 


    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.