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: 

Advise role players on Real Estate financing options 
SAQA US ID UNIT STANDARD TITLE
246734  Advise role players on Real Estate financing options 
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 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 for learners seeking to enter the Real Estate profession or someone already in the Real Estate profession wishing to enhance his/her competences. This unit standard enables a learner to apply the principles of financial planning to Real Estate transactions.

The qualifying learner is capable of:
  • Advising sellers and lessors on financing real estate transactions.
  • Advising purchasers and lessees on financing real estate transactions.
  • Facilitating financing and conveyancing in real estate transactions. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that the learner accessing this standard is competent in Communication and Mathematical Literacy at NQF Level 3 or equivalent. 

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Advise sellers and lessors on financing real estate transactions. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The financial position of sellers and lessors is assessed in order to advise on the impact of contemplated transactions on their financial position. 

    ASSESSMENT CRITERION 2 
    Questionnaires and other financial tools are applied to provide financial information to sellers and lessors. 

    ASSESSMENT CRITERION 3 
    Detailed statements of the costs that are for the sellers or lessors account are drawn up and explained. 

    ASSESSMENT CRITERION 4 
    The duties and obligation imposed by the National Credit Act on credit providers in real estate credit agreements are explained to sellers and lessors. 

    ASSESSMENT CRITERION 5 
    The rights and obligation of credit consumers under the National Credit Act are explained in relation to real estate credit agreements. 
    ASSESSMENT CRITERION RANGE 
    Explanations on costs include but are not limited to credit checks, credit approval, guarantees and/or financial undertakings, deposits.
     

    SPECIFIC OUTCOME 2 
    Advise purchasers and lessees on financing real estate transactions. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The elements constituting the total cost of ownership of immovable property are identified and explained with examples. 
    ASSESSMENT CRITERION RANGE 
    Cost elements include, but are not limited to:
  • Rental; rates; taxes; levies; bond account; services; apportionment; maintenance; fixed; variable direct and indirect costs and administration fees, home ownership.
     

  • ASSESSMENT CRITERION 2 
    The common law and contractual incidence of maintenance and other costs items is understood and explained with examples. 

    ASSESSMENT CRITERION 3 
    The financial position of purchasers, sellers, lessees and lessors is assessed to determine the impact of the contemplated transactions on their financial position. 

    ASSESSMENT CRITERION 4 
    Questionnaires and other financial tools are applied to provide information to purchasers and lessees. 

    ASSESSMENT CRITERION 5 
    Statements of costs that are for the purchaser or lessee's account are prepared and explained. 
    ASSESSMENT CRITERION RANGE 
    Statement of costs includes but is not limited to all conceivable costs.
     

    SPECIFIC OUTCOME 3 
    Facilitate financing and conveyancing in real estate transactions. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    A knowledge of sources of finance and the qualifying criteria is demonstrated and explained with examples. 

    ASSESSMENT CRITERION 2 
    A knowledge of sources of financial procedures relating to real estate transactions is demonstrated and explained with examples. 

    ASSESSMENT CRITERION 3 
    The prospective purchaser is informed and referred to financial products and providers. 

    ASSESSMENT CRITERION 4 
    Liaisons with conveyancers are effectively monitored and managed to ensure that transaction is satisfactorily and expediently concluded. 


    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 
  • Estate Agency Terminology.
  • Legal Terminology.
  • General legal provision pertaining to contracts.
  • General legal provision pertaining to estate agents.
  • The principles of financial planning. 

  • 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 apply financial planning principles to the real estate function and real estate transactions to the general community. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organisation or community to apply financial planning principles to the real estate function and real estate transactions. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to apply financial planning principles to the real estate function and real estate transactions and gather the necessary knowledge and skills to enhance own work context. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information in order to apply financial planning principles to the real estate function and real estate transactions. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion to apply financial planning principles to the real estate function and real estate transactions. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility to the environment and health of others to keep abreast of the latest developments in financial planning principles to the real estate function and real estate transactions. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that applying financial planning principles to the real estate function and real estate transactions does not exist in isolation and is affected internal and external factors in defining the overall service delivery objectives. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participate as responsible citizens in the life of local, national and global communities by apply financial planning principles to the real estate function and real estate transactions to add value to own work context and service delivery. 

    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
    Core  59097   Further Education and Training Certificate: Real Estate  Level 4  NQF Level 04  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.