Advanced Diploma in Real Estate
Services - Consumer Services
Purpose and Rationale
Purpose: The purpose of this qualification is to develop the student's knowledge of the discipline of real estate. The qualification is comprised of a focused curriculum to prepare the learners for a career in real estate. Mastering of the curriculum will provide learners with the ability to synthesise real estate market principles and apply valuation processes in a professional manner. Fundamental knowledge of global real estate relevant to the local real estate will be gained enabling the qualifying learners to work in today's world of professional real estate. The qualification emphasises competence, integrity, and application of ethics in a professional environment. The successful learners will gain a global and South African real estate perspective and an in-depth understanding of the real estate market which will provide them with a competitive advantage for employment.
Rationale: The Advanced Diploma in Real Estate is currently in demand by industry due to its specialised nature. The content and scope of the Advanced Diploma in Real Estate will enable learners to fully capitalise on the strengths of financial market concepts, which in turn is a key determinant of sustainable prosperity in the world. In the Department of Finance and Investment Management, there is a demand by learners to continue studying. Others who will pursue this Advanced Diploma are individuals currently employed in the financial market environment who want to improve their qualifications and their career opportunities in addition to working towards becoming a real estate practitioner. This qualification is also for learners who have no work experience in this field who want to eventually become a real estate practitioner. Initially, this qualification will be based on South African principles as the current demand of distance education for this type of programme is from South African individuals. As the qualification develops and grows, it will be internationalised as required by the market. Learners from other academic institutions who meet the minimum admission requirements will be considered for the programme. Real estate plays a critical role in the functioning of the economy. All the activities that take place in the real estate industry are regulated through legislation and through the rules and regulations of the various regulating bodies. For the system to function optimally and to serve the interests of market participants and the economy as a whole, it is imperative that all real estate practitioners are qualified to perform the functions entrusted to them in a competent and ethical manner. Research undertaken by the Department of Higher Education and Training in 2015 concluded that there is a shortage of skilled and appropriately qualified people to take up positions in the South African real estate industry. The qualification will enhance the flow of young real estate practitioners into the local labour market by providing an approved higher education programme. The qualification will create new options for learners with a real estate background such as National Diploma's to improve their qualifications to comply with the latest requirement from the South African Council for the Property Valuers Profession.
Outcomes
- Apply knowledge of basic building construction, building contracts and the construction process to the valuation of property and to value a single residential property.
- Conduct mass valuations, valuations on income producing properties and valuations of undeveloped property by applying discounted cash flow and feasibility studies methodologies.
- Apply the concept of time value of money in property valuation and management.
- Apply the basic concepts of discounting to build cash flow models.
- Self-organise and work in groups in the face of continual challenge from the real estate environment.
- Apply new knowledge acquired in the real estate environment.
Assessment Criteria
Associated Assessment Criteria for Exit Level Outcome 1:
- Demonstration of building construction knowledge in the valuation of single residential properties.
- Thorough investigation of real estate transactions from start to finish.
- Correct interpretation of calculated values in financial transactions within a real estate environment.
Associated Assessment Criteria for Exit Level Outcome 2:
- Clear discussion of real estate markets.
- Accurate determination of required values in real estate markets.
- Explanation of the process of conducting mass valuations.
Associated Assessment Criteria for Exit Level Outcome 3:
- Discussion of multiple options for applying time value of money knowledge in solving real estate problems.
- Description of the concept of time value of money in a real-life real estate setting.
- Demonstration of correct use of time value of money to solve theoretical real estate problems.
Associated Assessment Criteria for Exit Level Outcome 4:
- Presentation of key aspects and implications of discounting in real estate markets.
- Correct application of discounted cash flow techniques to determine the value of income-producing properties.
Associated Assessment Criteria for Exit Level Outcome 5:
- Critical reflection on personal and others' responses to challenges in the real estate environment.
Associated Assessment Criteria for Exit Level Outcome 6:
- Critical description of knowledge acquisition and application in the real estate field.
- Demonstration of awareness of personal learning strategies.
Integrated Assessment:
- Inclusion of summative and formative assessments in each module.
- Completion of two Formative Assessments and a practical assignment, forming a portfolio worth 50% of the final mark.
- Authentic and coherent assessment tasks meeting institution requirements.
- Achievement of the remaining 50% through a Summative Assessment.
Qualification Details
- Type
- Advanced Diploma
- NQF Level
- 07
- Min. Credits
- 120
- SAQA Source
- More Information
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This page includes information from the South African Qualifications Authority (SAQA) . Builtneat Pty Ltd trading as Study Start, has modified all or some of this information. SAQA has not approved, endorsed, or tested these modifications.