From Meumann White - a useful resource for agents wishing to attain the FETC:Real Estate

TABLE OF CONTENTS - http://www.meumannwhite.co.za/property_law_update.pdf
A PROPERTY LAW UPDATE PRESENTED BY BRUCE FORREST OF ATTORNEYS MEUMANN WHITE

BUYING THROUGH TRUSTS, COMPANIES AND CLOSE CORPORATIONS

COOLING-OFF CLAUSE

CAN A PURCHASER WITHDRAW HIS OFFER AT ANY TIME

HOW CRUCIAL IS THE COMMUNICATION OF AN ACCEPTANCE OF AN OFFER TO THE OFFEROR

TRANSFER DUTY

CLAIM FOR COMMISSION

HOUSING CONSUMERS PROTECTION MEASURES ACT 95 OF 1998 (NHBRC)
PROPERTY OWNING COMPANIES OR CLOSE CORPORATIONS WHICH ARE REGISTERED VAT VENDORS

CAPITAL GAINS TAX (CGT)


RENTAL HOUSING ACT

SALE OF REAL RIGHTS BY A DEVELOPER

FICA AND THE ESTATE AGENCY BUSINESS

AMENDMENTS TO THE TRANSFER DUTY ACT IN RESPECT OF NOMINATIONS AND TRIPARTITE AGREEMENTS

SHARE BLOCK CONVERSIONS : TRANSFER DUTY REFUND

LIABILITY FOR LEVIES ON TRANSFER OF A SECTIONAL TITLE UNIT

SERVITUDES OVER IMMOVABLE PROPERTY AND THEIR IMPLICATIONS

AMENDMENT TO SECTION 14 OF THE TRANSFER DUTY ACT NO. 40 OF 1949

EXCLUSIVE USE AREAS

QUESTIONS ON SECTIONAL TITLE

SLOWING DOWN THE TRANSFER PROCESS

VAT AND PROPERTY

AMMENDMENT TO THE TRANSFER DUTY ACT PERTAINING TO DIVORCED AND SURVIVING SPOUCES

Here is the "Outside of the Box"

This weekend (15-16 March 2008) I photographed the entire Portfolio of Evidence that one of my learners handed in to be RPLed on the Further Education and Training Certificate: Real Estate (SAQA ID 59097). I have not yet assessed it and the process has not been moderated but I thought it would be useful as is to my other learners that wish to see an example of a possible end product(and to you!).

I have blackened out some portions - a) to protect identities b) to protect some copyright material and c) to limit plagiarism (the copying of answers without wrapping your own mind round the subject matter). Still I think it will be a useful model to anybody wishing to compile his her own portfolio of evidence (POE) for RPL purposes of the FETC: Real Estate and to a person learning the job of an estate agent as a candidate.

If you wish to have a copy of this 180 image file - I will be selling it as soon as I have sorted out some issues (most probably around R 300 plus VAT).

6. A fantastic new resource guide for the FETC: Real Estate

I have just completed a first draft of a very exciting document that is part of the "Paint by Numbers" suite of programmes that are designed to help Estate Agents acquire their Further Education and Training Certificate: Real Estate (SAQA ID 59097) in the quickest and most cost effective way possible.

It lists for each of the following core unit standards in the Real Estate Qualification the websites where the concepts are discussed:

A 246734 Advise role players on Real Estate financing options
B 246738 Apply business principles to the Real Estate function
C 246735 Demonstrate an understanding of the Real Estate environment Core
D 242584 Demonstrate knowledge and understanding of the Financial Advisory and Intermediary Services Act 2002 (FAIS) (Act 37 of 2002) as it impacts on a specific financial services sub-sector
E 246733 Demonstrate knowledge and understanding of the legislation applicable to real estate practice
F 242593 Explain South African money laundering legislation and the implications for accountable institutions in transacting with clients Core
G 246739 Manage self-development in a Real Estate environment
H 246736 Market, sell and lease property
I 246737 Demonstrate knowledge of and apply the Real Estate Code of Conduct and ethics

This "palette" of resource material is still work in progress and will be updated as new resources are dicovered and developed. Let me know if you have anything exciting that can be shared with learners wising to attain their Real Estate Qualification. I would like to put the links in.

Drop an email to proplib@tiscali.co.za with the words "resource palette" in the subject line and this fanatstic resource guide is yours - ABSOLUTELY FREE! Add a cellphone number to the cellphone directory here.
Click here if you wish to be listed in our directories.

4. Getting going on the New Real Estate qualification

A lot of Real Estate practitioners that I talk to really want to get stuck in and complete the new Further Education and Training Certificate: Real Estate (SAQA ID 59097), but are in a tizz of how exactly to go about doing this.

The answer is to take the direct route.

Firstly: Get hold of the qualification itself. Read it. My first post was a copy of the qualification and you can easily access from the SAQA website (SAQA.org.za)

Secondly: Set up a programme to work through each of the core unit standards over a period of time. Say, one unit standard a week. It then should take you 9 weeks to complete the programme. What do I mean by "complete the programme?" It means collecting sufficient valid evidence to show that you are competent and can demonstrate that you meet all the Assessment Criteria of all the core Unit Standards of the FETC: Real Estate.

Thidly: Link up with a coach or coaching programme that can help you to collect the necessary evidence. You are not trained to interpret Unit Standards. Documents like the "To the Point (Plus)" checklist will give you some guidance but it is not enough. You need additional exercises and tools to show that you undertand and can do what is expected. This can be provided by an experienced colleague that has attained the qualification (the FETC: Real Estate), an accredited assessor in this qulification (like myself), an Real Estate RPL or Training institution (I think they should be on the Services SETA website) or a programme such as the "Paint by Numbers" toolkit!

Then: Follow the guidelines and instructions while doing your job, selling property and making money. You do not have to spend valuable time and hard earned money to attend expensive trainig courses. These days with technology at your fingertips you can access most of the information through the internet. I am busy with a document I call "the palette" which is a resouce guide which lists ALL the possible available resouces on the internet and elsewhere in books and articles on ALL the unit standards in the qualification - Email me for the latest version: charlheydenrych@yahoo.com

The fifth step is to compile your Portfolio of Evidence (POE) and to get it assessed. Now, it would have been a good idea to link up with your assessor early on in the process to ensure that all the work done meets the quality control standards as set by the ETQA (Education and Traing Authority) - in this case the property chamber of the Services SETA together with their certification partner the EAAB (Estate Agents Affairs Board). You may be asked to fill a little gap here and there by providing additional evidence.

The last step is out of your hands - this is where you portfolio is moderated by an external moderator to ensure that your assessor did his/her job well in explaining the NQF, was fair in his/her assessments, collected sufficient and valid evidence and so on = and you being issued a certificate of competency that you meet the outcomes of the Unit Standards you applied for. You name is also entered onto a National Learner Record database to that effect.

Thats it - it is as easy and simple as that (if the authorities don't complexify it by adding too much red tape!)

Real Estate Goings on! 1

I will be giving you the lastest views and news on the new Real Estate Qualification dispensation in South Africa! If you have any questions - fire away. I will track down the answer and publish it here. If you need any help or assistance, training advice and materials let this spot be your first port of call.

I am pretty excited about the potential of Further Education and Training certificate: Real Estate (SAQA ID 59097) to improve the knowledge and skills base of Real Estate agents in South Africa. Though there is perhaps a little too much emphasis on the regulatory side of things, there is still a lot of merit overall. Then there is the qualification for principals - but more on that one in future posts.