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National Certificate – Real Estate – Level 5 -20188

QUALIFICATION RULES: total credits 135

Fundamental ComponentThe Fundamental Component consists of Unit Standards to the value of 23 credits all of which are compulsory.

Core ComponentThe Core Component consists of Unit Standards to the value of 108 credits all of which are compulsory.

Elective ComponentThe elective component consists of three specializations, Property Management, Real Estate and Valuation. Learners are to choose a specialization and complete unit standards to the value of at least 4 credits for the specialization, to complete the qualification.

Evidence Unit 1: Real Estate Principles, systems and policies

This Evidence Unit is based on 1 exit level outcome and has four related unit standards to it:

1. Analyse, interpret, implement and control real estate principles, systems and policies.

Unit Standard TypeUnit Standard CodeUnit Standard TitleLevelCredits
Core116484Evaluate a specified code of ethics and/or code of conduct56
Core15064Analyse and interpret real estate principles, practice, information in the real estate environment510
Core15068Implement and control administration of real estate systems, policies and procedures510
Core15061Implement and maintain legal requirements within a real estate business58

Evidence Unit 2: Marketing & Business Management

This Evidence Unit is based on 1 exit level outcome and has four related unit standards to it:

2. Provide appropriate information for integrating marketing.

Unit Standard TypeUnit Standard CodeUnit Standard TitleLevelCredits
Core10041Conduct a marketing situational analysis55
Core10058Design a measuring instrument to gather desired information510
Core10050Integrate marketing plans with business process56
Fundamental10386Investigate the possibilities of establishing and running a small business43

Evidence Unit 3: Human Resource Management

This Evidence Unit is based on 1 exit level outcome and has four related unit standard to it:

3. Co-ordinate and manage the human resource in a real estate business.

Unit Standard TypeUnit Standard CodeUnit Standard TitleLevelCredits
Core11909Monitor and advise on substantive conditions of employment and related rights and obligations in an organisation55
Core10171Manage the capture, storage and retrieval of human resources information using an information system53
Fundamental10169Administer data, systems, payments and provide advice related to compensation46
FundamentalSupervise work unit to achieve work unit objectives (individuals and teams)55
Fundamental8555Contribute to information distribution regarding HIV/AIDS in the workplace44

Evidence Unit 4: Financial Management

This Evidence Unit is based on 1 exit level outcome and has four related unit standards to it

Prepare and maintain financial reports and records within real estate environment.

Unit Standard TypeUnit Standard CodeUnit Standard TitleLevelCredits
Core12977Prepare financial reports and returns58
Core7878Prepare and maintain financial records and statements512
Core13000Contribute to the planning and allocation of resources within an accounting framework510
Core15071Collate, interpret and utilise financial information in a real estate business55

Evidence Unit 5 – 7: Specialization

Elective Component:

The candidate must select one of the following areas of specialization.

5.1  Valuation

5.2  Real Estate Practice

5.3  Property Management

Within each area of specialization, the candidate must select a further area of specialization based on 1 elective unit standard.


1. Specialisation/ Valuation
Evidence Unit 5: Valuation (12 credits)

Unit Standard TypeUnit Standard CodeUnit Standard TitleLevelCredits
Elective15078Perform valuations of income producing properties512
Elective15075Preform valuations of vacant land512
Elective15085Perform valuations of agricultural properties used for extensive farming512

Evidence Unit 6: Real Estate Practice (12 credits)

Specialisation/ Real Estate Practice

Unit Standard TypeUnit Standard CodeUnit Standard TitleLevelCredits
Elective15054Manage the marketing, selling and leasing of residential properties512
Elective15074Manage the marketing, selling and leasing of leisure properties512
Elective15069Manage the marking selling and leasing of commercial industrial business properties512
Elective15060Manage the marketing, selling and leasing of agricultural properties512

Evidence Unit 7: Property Management (10 credits)

Specialisation/ Property Management

Unit Standard TypeUnit Standard CodeUnit Standard TitleLevelCredits
Elective15336Evaluate viability and performance of real estate portfolio54
Elective15056Negotiate and manage resources for facilities management54
Elective15057Maintain and control the use of asset and investment resources56

Qualification Outcome

On achieving this Qualification, the learner will be able to: 

  • Co-ordinate and manage the human resources in a real estate business.
  • Provide appropriate information for integrating marketing plans with business process.
  • Prepare and maintain financial reports and records within a real estate environment.
  • Analyse, interpret, implement and control real estate principles, systems and policies. 

International Comparability

Benchmarking was done by comparison to Unit Standards / Outcomes of learning against:

New Zealand Qualifications – ‘National Certificate in Real Estate with strands in Business Sales, Commercial / Industrial Sales, Residential Sales, Rural Sales, Commercial / Industrial Property Management, Residential Property Management. A National Certificate in Property Consultation and Valuation. A National Diploma in Real Estate.

The SGB also compared the Unit Standards in this Qualification to New Zealand Unit Standards at levels 4, 5 and 6, viz. Demonstrate knowledge of property ownership and property titles, and carry out a title search (8); Obtain property information (8); Collate and record property information (10) and Inspect property, and prepare a site and floor plan (10).

A direct comparison of the title, specific outcomes, assessment criteria and embedded knowledge was undertaken with each and the best practice points were highlighted and incorporated into each unit standard. However the points incorporated were written in a South African context.

Because of the difference in levels across the different countries, difficulty was found in making actual direct comparisons, level to level.

Articulation Options

The Qualification has possibilities of both horizontal and vertical articulation to the fields of human resources, marketing and finance as a result of its inclusion of Unit Standards from these fields in its core component of learning.

An example of vertical articulation possibilities is the National Certificate in Financial Markets at NQF level 6. An example of horizontal articulation possibilities is the National Diploma in Marketing Management at NQF level 5.

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