ONE LEARNER ONE ESTATE AGENCY YOUTH PROGRAMME The intern estate - PowerPoint PPT Presentation

‘ONE LEARNER – ONE ESTATE AGENCY’ YOUTH PROGRAMME

 The intern estate agent WHAT IS THE ‘ONE will be placed in the LEARNER – ONE ESTATE service of a registered estate agency under the AGENCY’ YOUTH supervision and control PROGRAMME? of a suitably qualified mentor/business owner.  This internship period is intended to equip intern estate agents with the required property market experience while they obtain the necessary real estate qualifications.

 To increase the level of representation and participation of the youth and previously disadvantaged persons within the property sector ;  To ensure implementation of appropriate systems and supporting structures to facilitate, consolidate and enhance the property sector skills-base amongst the target groups to prepare for their active participation in the sector;

 To use the programme as a catalyst for skills transfer within the property sector;  To use the programme to enhance job creation and economic transformation within the sector;  To enhance economic growth and development through new entrants in the property sector by implementing support programmes;  To create a platform to support the achievement of broader human settlements goals and economic development.

TARGET GROUPS The ‘One Learner – One Estate Agency’ Youth Programme will target the youth and previously disadvantaged persons.  It is estimated that approximately 10 000 intern estate agents will be sourced over a three-year period to take part in the programme.  The programme is available to matriculants, FET (TVET) college graduates, university and university of technology graduates and persons with disability.

 Intern estate agents will be screened and placed on a 12 month internship programme under the supervision and control of a suitably qualified mentor estate agent;  During the internship period intern estate agents will be exposed to practical work learning as well as theoretical study as they seek to be certificated against the Further Education and Training Certificate: Real Estate (NQF Level 4);  Intern estate agents and mentors must also maintain an intern logbook;

 Upon completion of the 12 month internship period and after having been certificated against the NQF Level 4 real estate qualification, intern estate agents will be required to enroll for and pass the Professional Designation Examination (PDE 4);  Intern estate agents having met these requirements can apply for a status upgrade and will have acquired the Professional Practitioner in Real Estate (PPRE);

STRUCTURE OF THE  Persons who wish to become real estate business owners are ‘ONE LEARNER – ONE thereafter required to be ESTATE AGENCY’ certificated against the National YOUTH PROGRAMME Certificate: Real Estate (NQF Level 5) and may, once they have been certificated – open their own estate agency firm;  They will then be granted a period of two years to enroll for and pass the Professional Designation Examination (PDE 5) which will provide them with the status of Master Practitioner in Real Estate (MPRE).

Placement of learner Complete online Apply to EAAB for intern with registered estate application and upload CV fidelity fund certificate agency firm Complete 12 month Complete intern Enroll and write PDE 4 internship and obtain FETC: logbook for EAAB Real Estate NQF Level 4 assessment Apply for status upgrade Obtain National to Professional Apply for status upgrade and Certificate: Real Estate Practitioner in Real Estate open estate agency firm (PPRE) Enroll and write PDE 5 within two years to obtain the Master Practitioner in Real Estate (MPRE )

PLEDGE STATUS Grouping Status SEEFF PLEDGE SIGNED REMAX PLEDGE SIGNED JAWITZ PLEDGE SIGNED PAM GOLDING PLEDGE SIGNED WAKEFIELDS PLEDGE SIGNED BROLL PLEDGE SIGNED GROWTH POINT PLEDGE SIGNED ENKEL & VOLKERS PLEDGE SIGNED LEAPFROG PLEDGE SIGNED RAWSONS PLEDGE SIGNED CHASE EVERITT PLEDGE SIGNED HARCOURTS PLEDGE SIGNED KNIGHT PORTER & FRANK PLEDGE SIGNED LEW GEFFEN PLEDGE SIGNED Many Small and medium Agencies PLEDGE SIGNED

BENEFITS TO THE PROPERTY MARKET Cont/… The level of representation and participation of the youth and previously disadvantaged persons in the property and real estate sectors will be significantly enhanced. The transformational goals and objectives established by the Property Sector Transformation Charter will be achieved. The scope of active economic participation by the youth and previously disadvantaged persons within the property and real estate sectors will be widened.

 There will be an increase in the level of understanding and appreciation of property as an economic asset and as a source of wealth.  Professionalism within the sector will be significantly enhanced.

 Adequately trained and skilled professional property practitioners who have a real estate qualification amplified by on-the-job training who will be able to discharge property market services diligently and professionally.  The property sector as a career of choice and development will be promoted amongst previously disadvantaged communities and persons with disability.

HOW DO YOU INDICATE YOUR WISH TO BECOME AN INTERN ESTATE AGENT? Form for prospective intern estate agents http://www.eaab.org.za/one_learner Prospective intern estate agents may complete an online form indicating their wish to be taken into service as an intern estate agent, provide and upload a curriculum vitae and ID document & indicate their interest in the estate agency sector.

Placement of intern estate agents  The EAAB will match appropriate intern estate agents with able and willing mentors/host employers.  The intern estate agent will be required, at this stage, to apply to the EAAB for the issue of an intern fidelity fund certificate accompanied by payment of the required levy.  The EAAB trusts and looks forward to the co-operation of prospective interns and mentors in this respect.

“A GOLDEN OPPORTUNITY TO CREATE NEW YOUTH ENTREPRENEURS AND NEW JOBS FOR SOUTH AFRICA”

BACKGROUND With the advent of the Consumer Protection Act, 2011, sellers and buyers of property and estate agents are now more aware of the need to be diligent in disclosing the true condition of the property to the buyer; The CPA has made it relatively simple and free for aggrieved property buyers to refer complaints to the National Consumer Commission;

BACKGROUND Previously, property buyers had to follow expensive legal action to pursue a claim against the seller; CPA places responsibility on the seller to make full disclosure to the buyer of the actual condition of the property which is exchanging hands;

More and more South Africans are aware of their consumer rights when buying, selling, building or altering properties; Consequently, there is a growing need for the full disclosure of the property before property transaction takes place; Currently, thousands of houses are sold in South Africa, necessitating the need for vigorous property assessments being undertaken;

WHAT IS PROPERTY ASSESSMENT? Property assessment entails a comprehensive assessment of the property to identify and highlight any defects (if any);

WHAT IS PROPERTY ASSESSMENT? The aim is to provide a potential property buyer with factual answers regarding the actual physical condition of the property to enable him/her to make an informed decision before engaging himself/her on the transaction; Upon completion of an assessment, the property assessor should document all significant observable defects and explain the significance of each defect to the potential buyer;

 Self-employment would be enhanced;  Entrepreneurial development will be stimulated;  Reduction of unemployment and poverty;  Enhancing professionalism within the property market;  Better regulation of the sector;  Enhancement of sustainable human settlements as properties will be subjected to constant property assessments when exchanging hands;

WAY FORWARD Education and training requirements including qualifications on property assessment should be formalised by July 2015; SAQA and SETA accreditation must be completed The requirement of property assessment as an option will be included in the new legislation; A new cadre of property assessors targeting youth willing to participate in the industry as entrepreneurs and property assessors should be in place by end of 2015;

The ‘One Learner – One Estate Agency’ Youth Programme For further information on the ‘One Learner – One Estate Agency’ Youth Programme: Estate Agency Affairs Board www.eaab.org.za or on Tel: 087 285 3222 or email onelearner@eaab.org.za. http://www.eaab.org.za/ one_learner