Real Estate Business Environment
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Real Estate Business Environment

This course provides learners with an understanding of the key economic, legal, and political factors that influence the property market. It equips participants with the knowledge to navigate regulatory frameworks, market dynamics, and stakeholder relationships within the real estate industry.
Real Estate Unit Standards

246735 – Real Estate Business Environments

This unit standard is for learners seeking to enter the Real Estate profession or someone already in the profession wishing to enhance competences. It enables a learner to become familiar with the different environments that impact the Real Estate business and 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.

246738 – Applying Business Principles to Real Estate

This unit standard is for learners seeking to enter the Real Estate profession or someone already in the profession wishing to enhance competences. It enables a learner to apply business principles to Real Estate transactions to ensure achievement of own personal targets.

The qualifying learner is capable of:

  • Applying the principles of budgeting to Real Estate transactions.
  • Making provisions for own personal financial planning in line with targets and achievable income within Real Estate context.
  • Demonstrating an understanding of taxation in the context of Real Estate from organisational and personal perspectives.
  • Applying the principles of business planning to the Real Estate function.

246734 – Financial Planning in Real Estate

This unit standard is for learners seeking to enter the Real Estate profession or someone already in the profession wishing to enhance competences. It enables a learner to apply the principles of financial planning to Real Estate transactions.

The qualifying learner is capable of:

  • Advising sellers and lessors on financing real estate transactions.
  • Advising purchasers and lessees on financing real estate transactions.
  • Facilitating financing and conveyancing in real estate transactions.

246736 – Marketing, Selling and Letting in Real Estate

This unit standard is for learners seeking to enter the Real Estate profession or someone already in the profession wishing to enhance competences. It enables a learner to apply the principles of marketing, selling and letting in a Real Estate context.

The qualifying learner is capable of:

  • Marketing a property.
  • Selling a property.
  • Applying after-sales services in the sales process in a real estate context.
  • Letting and hiring a property.
  • Applying a working knowledge of Community Scheme legislation and its related regulations and acts.

110003 – Developing Administrative Procedures

This unit standard is for all persons involved in Administration in commercial or non-commercial organisations who have the responsibility of developing Administrative procedures to make the Administrative component of the organisation more effective and efficient.

Persons credited with this unit standard will:

  • Have an understanding of the various administrative systems required by an organisation.
  • Be able to develop and update administrative systems in a specific business environment.
  • Be able to develop systems to keep administrative information at the required level of confidentiality.
  • Be able to develop policies and procedures on administrative systems and write them into a manual.

114596 – Identifying and Screening New Venture Opportunities

This unit standard is aimed at learners who wish to identify and screen new ideas and/or opportunities with the intention of establishing and/or participating in a new venture.

The qualifying learner is capable of:

  • Identifying and assessing own business ideas/opportunities for a new venture.
  • Analysing the viability of a selected idea/opportunity against specific screening variables.
  • Researching the potential of a particular idea/opportunity as a new venture.
  • Analysing a range of risks associated with a new venture.
  • Evaluating new venture ideas/opportunities based on research findings.

246739 – Personal Development in Real Estate

This unit standard is for learners seeking to enter the Real Estate profession or someone already in the profession wishing to enhance competences. It enables a learner to identify own development opportunities and constraints within Real Estate work context and manage career and job growth in the Real Estate sector.

The qualifying learner is capable of:

  • Describing and applying self management skills in a Real Estate environment.
  • Developing an action plan for own personal development within the Real Estate environment.
  • Describing career development opportunities within Real Estate and defining own career development plan.
  • Identifying trends in Real Estate career development and their impact on own development plan.

242819 – Motivating a Team

This unit standard introduces the junior manager to the concept of motivation and is intended for junior managers of organisations.

The qualifying learner is capable of:

  • Explaining the importance of motivating a team.
  • Demonstrating an understanding of self and team members in a workplace.
  • Applying theories of motivation and group dynamics.
  • Implementing a plan of action to strengthen a team.
  • Providing feedback and recognising achievements.
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