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: 

Demonstrate an understanding of the Real Estate environment 
SAQA US ID UNIT STANDARD TITLE
246735  Demonstrate an understanding of the Real Estate environment 
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  8 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "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 become familiar with the different environments that impact the Real Estate business and will enable the learner to consider these environments in planning own Real Estate function and sales targets.

The qualifying learner is capable of:
  • Describing the demographic environment affecting Real Estate.
  • Describing the economic environment affecting Real Estate.
  • Describing the legal/regulatory environments that impact on the Real Estate function.
  • Identifying the various stakeholders that operate within the Real Estate environment in relation to the role they fulfil. 
    		•

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

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Describe the demographic environment affecting Real Estate. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The concept of cultural diversity is explained with examples and in relation to Real Estate developments and trends. 

    ASSESSMENT CRITERION 2 
    The demographic trends of the country versus own area of operation are identified and differentiated with examples. 

    ASSESSMENT CRITERION 3 
    Trends, developments and statistical information that affect Real Estate planning are identified and explained in relation to own Real Estate context". 
    ASSESSMENT CRITERION RANGE 
    Statistical information includes but is not limited to population trends, demographic characteristics, banking reports.
     

    SPECIFIC OUTCOME 2 
    Describe the overall economic environment affecting Real Estate. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Sources of economic related information that can be utilised to determine economic climate affecting Real Estate are explained with examples. 
    ASSESSMENT CRITERION RANGE 
    Sources of economic related information include but are not limited to technology, media and professional institutions.
     

    ASSESSMENT CRITERION 2 
    The concepts of supply and demand are discussed in relation to the Real Estate environment and the buyer versus seller markets. 

    ASSESSMENT CRITERION 3 
    Real Estate economics are basically explained in relation to interests rates and inflation. 

    ASSESSMENT CRITERION 4 
    The concepts of scarcity and choice are discussed in relation to the Real Estate environment. 

    ASSESSMENT CRITERION 5 
    The socio-economic factors that impact Real Estate are discussed in relation to the Real Estate environment. 

    ASSESSMENT CRITERION 6 
    The political environment is described in relation to how it affects the success of the Real Estate function. 

    ASSESSMENT CRITERION 7 
    The technological environment and its related trends are discussed in relation to the use of technology in Real Estate. 

    ASSESSMENT CRITERION 8 
    The competitive environment is discussed in relation to the Real Estate industry and how this affects own Real Estate context. 

    SPECIFIC OUTCOME 3 
    Describe the legal/regulatory environments that impact on the Real Estate function. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The various rules and laws that affect the Real Estate function are identified and discussed in relation to how they influence the Real Estate function. 

    ASSESSMENT CRITERION 2 
    The Estate Agency Affairs Act is discussed in relation to how it affects the trends and developments within Real Estate. 

    ASSESSMENT CRITERION 3 
    Regulations and pertaining land use controls are identified and discussed in relation to the Real Estate function. 
    ASSESSMENT CRITERION RANGE 
  • Land use controls include but are not limited to town planning schemes, sub-division, re-zoning and removal of restrictions.
  • Clauses that apply to town planning include but are not limited to residential use zones, density zones, floor area ratio, height restrictions, coverage, parking, building restriction boundaries.
     
    		•

    ASSESSMENT CRITERION 4 
    The regulations pertaining to property ownership are discussed in relation to how they affect Real Estate transactions. 
    ASSESSMENT CRITERION RANGE 
    Property ownership includes but is not limited to normal transfers through the Deeds Office, prescription, expropriation, insolvency of owner, joint ownership, marriage in Community of Property, title deed versus town planning, servitudes (praedial and personal).
     

    SPECIFIC OUTCOME 4 
    Identify the various stakeholders that operate within the Real Estate environment in relation to role they fulfil. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The various stakeholders that affect Real Estate are identified and discussed in relation to the roles they fulfil. 
    ASSESSMENT CRITERION RANGE 
    The various stakeholders include but are not limited to agents, brokers, owners, sellers, developers, buyers, investors, tenants, landlords, insurance companies, government (local and national), financial institutions, valuers, managing agents, parastatals.
     

    ASSESSMENT CRITERION 2 
    The multi-listing systems that are available in Real Estate are discussed in relation to the functions they fulfil. 

    ASSESSMENT CRITERION 3 
    Referral networks are discussed in relation to the opportunities they can create in own work context. 

    ASSESSMENT CRITERION 4 
    The Deeds office and its broad functions are identified and explained with examples. 


    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 
  • The basic principles of economics.
  • Demographics as it relates to Real Estate.
  • The Estate Agency Affairs Act and Code of Conduct.
  • Stakeholder information in relation to their roles and functions within the Real Estate environment.
  • Real Estate terminology.
  • The basic concepts of competition and how this affects Real Estate.
  • Real Estate technological trends and developments. 
    		•

    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 identify how the various demographic and economic environments affect the Real Estate function. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organisation or community to gain all the necessary information and keep abreast of the latest trends and developments that affect the demographics and economics of Real Estate. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to maximise relations with various stakeholders in order to enhance own work function and achieve targets and goals. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information in order to determine how various demographic, economical and statistical information affects own Real Estate function. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion to liaise with various stakeholders in Real Estate and to optimise opportunities by tapping into multi-listing systems and referral networks. 

    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 relating to Real Estate so that sound advice can be provided to buyers and sellers. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that trends and developments within Real Estate do not exist in isolation and that a variety of factors can affect the success of Real Estate and therefore own personal planning and targets. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participate as responsible citizens in the life of local, national and global communities by ensuring that own Real Estate knowledge of trends, development, economics and demographics are continuously updated in order to impart correct knowledge and advice to customers. 

    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  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  SERVICES 
    Elective  65989   Further Education and Training Certificate: Human Settlements Development  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  CETA 
    Elective  80547   National Certificate: Auctioneering Practices  Level 5  NQF Level 05  Passed the End Date -
    Status was "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.
     
    1. Bright Storm Projects 


    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.