Real estate is the property, land, buildings, air rights above the land and underground rights below the land.
The term real estate means real, or physical, property. “ Real” comes from the Latin root res, or things.
A real estate broker, real estate agent or realtor is a person who represents sellers or buyers of real estate or real property
4 Steps To Become A Real Estate Agent
Should you be interested in becoming an estate agent, there are four steps you have to complete.
Step 1
Firstly, you have to register with the Estate Agency Affairs Board (EAAB) as an intern at a registered company. This internship will stretch over a minimum of 12 months. You may however take 24 months to complete the process. During this period you will acquire knowledge about this sector and be mentored by an experienced agent.
Step 2
You will also have to complete your FECT NQF level 4 qualification with an accredited provider. This is the basic qualification required for a career in residential and commercial property. A Service Seta accredited certification will allow you to become a fully certified and acknowledged agent of fixed property.
Step 3
Aspirant estate agents are expected to complete a logbook and submit it to the EAAB as part of the qualifying process. This book can be completed while you are busy with your qualification.
Step 4
Lastly, you have to write your PDE exam. This professional admittance exam is an integrated test of knowledge for property agents. You will only be allowed to write this exam when you have completed your internship successfully. If you pass this exam, you will receive the title of professional practitioner in Real Estate (PPRE) and will be able to work as an estate agent.
If you like working with people, have a warm personality, are interested in houses and architecture, are honest and hard-working and a good seller, this career direction will most probably fit you quite well. With further studies, there is also the possibility of establishing your own real estate agency.
Real Estate Schools In South Africa
Below are the list of Real Estate Schools in South Africa;
SA Real Estate Academy
Institute of Estate Agents of South Africa
PropAcademy
Wits University – Short Courses on Real Estate
University of Pretoria – Real Estate
Wakefields Training Academy
How much does it cost to go to real estate school?
Estimated cost: $300+
Before you can sit for your real estate licensing exam, you’ll have to find a qualified and accredited real estate school. The amount and cost of coursework required will depend on the state you live in. Different schools will charge different fees.
What do u learn in real estate school?
This state’s real estate salesperson licensing program consists of three courses: Real Estate Principles, Real Estate Practice, and Legal Aspects of Real Estate. Each course is college-level and has reading assignments in textbooks, assignments in workbooks, quizzes, practice exams, and final examinations.
How do I become a real estate agent in SA?
- Step 1: Apply for a position at a registered estate agency as an intern.
- Step 2: Register with the Estate Agency Affairs Board (EAAB) …
- Step 3: Complete your 12 month internship. …
- Step 4: Complete NQF 4 through an accredited provider (150 points / 1500 hours) …
- Step 5: Write and pass your PDE4 (Professional Designate Exam)
Do you need matric to become an estate agent?
A degree is not required to become an estate agent, but strong competition often makes relevant experience and/or qualifications necessary. A degree in an appropriate subject such as marketing, business, property studies or real estate can be helpful. Some estate agencies offer on-the-job training for estate agents.
Is property a good investment in South Africa?
Property is and continues to be a good investment in South Africa, despite the current negative perceptions about the state of the country. … “In the current market, with property prices growing by 6% to 8%, location is the key to a good buying decision,” says Jawitz.
Do estate agents make good money?
According to figures from unitedpropertyconnect.com, UK residential estate agents make an average salary of £41,392, that’s much higher than the UK average salary. With years of experience under their belts, successful and experienced agents can earn anything between £50,000- £100,000.
Can anyone become a real estate agent?
General Requirements to Qualify to Become a Real Estate Salesperson. To be eligible to become a licensed real estate salesperson or agent, you must: Be at least 18 or 19 years old (depends on the state). Pass your state real estate license examination.
Is real estate good career?
Real Estate Agents Make a Good Income
As a real estate salesperson, your income is largely dictated by the time you invest. Most new real estate agents need a nest egg to begin their careers.