| DESCRIPTION: |
A Chartered Practitioner in Real Estate (CPRE) is a full-status professional estate agent practicing as a Principal estate agent who has been issued with a valid fidelity fund certificate as well as a certificate of professional recognition by the Estate Agency Affairs Board. The holder of such designation is regarded as being a doyen of the estate agency sector by reason of having made an acknowledged and measureable contribution to the Real Estate sector, and is accredited as being a knowledgeable, competent, and skilful principal estate agency practitioner who is able to perform all estate agency activities, as defined in the Estate Agency Affairs Act, 112 of 1976, with the necessary Degree of care and skill in the interest of protecting consumers of estate agency services.
Certified Chartered Practitioners in Real Estate are able, amongst others, to:
Analyse, evaluate and apply the Code of Conduct for Estate Agents.
Demonstrate knowledge of the real estate environment and the various laws, rules and regulations that impact on the real estate function.
Coordinate 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.
Make a meaningful and measureable contribution to the Real Estate sector and to enhance the sector in the eyes of the consuming public.
Effectively and efficiently perform the real estate functions as defined in Section 1 (vi) of the Estate Agency Affairs Act, 112 of 1976. |
| AWARDING CRITERIA |
| For the Professional Designation to be awarded, professionals must comply with the following minimum requirements: |
| Underlying Registered Qualification or Part Qualification: |
| Certificated against the National Certificate: Real Estate (SAQA Qual ID 20188), NQF Level 5 qualification. |
| Experiential Learning or Experience |
| Must hold a valid fidelity fund certificate issued by the Estate Agency Affairs Board and have completed five years' service as a principal estate agent. |
| Competency Assessment |
| Must successfully complete the Professional Designation Examination for principal estate agents (PDE 5), conducted by the Estate Agency Affairs Board In accordance with the Education Regulations. |
| Designation RPL Statement |
| This Designation may be awarded through Recognition of Prior Learning. |
| RETAINING CRITERIA |
| In order to ensure the currency of professional knowledge and to retain the Professional Designation, the professional must comply with the following minimum requirements: |
| Code of Conduct |
| Members must adhere to the Professional Body Codes of Conduct and Ethics. |
| Continuing Professional Development (CPD) |
Estate agents must have been issued with a valid fidelity fund certificate by the Estate Agency Affairs Board and they will lose the designation if such fidelity fund certificate should lapse or be withdrawn by the Estate Agency Affairs Board, in accordance with the Estate Agency Affairs Act, 112 of 1976.
Estate agents are required to accumulate 60 CPD points over a rolling three year cycle in accordance with the Education Regulations, by completing the following CPD activities:
> Education and Training (Compulsory) - CPD points required: 15 points per year (i.e. 45 compulsory CPD points over the three year cycle). Education and training includes all education and training gained through acquiring the SAQA accredited qualifications and attending short courses, seminars, conferences and/or workshops, whether in-house or otherwise, where the focus is content specific and relevant to property in general and estate agency in particular. Participation by estate agents as lecturers, facilitators or contributors is also included in this category.
Professional Development (Elective) - Maximum CPD points permitted: 5 points over the three year cycle. Professional development includes activities that contribute toward the development of the practitioner in relation to the estate agency and property sectors.
> Corporate Social Investment (Elective) - Maximum CPD points permitted: 5 points over the three year cycle. Corporate social investment activities have an internal sector focus and are undertaken to expand both existing and new enterprises within the sector. Activities having an external focus are undertaken to raise public awareness of the property sector or estate agency as a career pathway, source of wealth and store of value. Examples of corporate social investment activities include donating funds to charities, opening up internal schools for previously disadvantaged students, taking interns from previously disadvantaged sectors into service and so forth.
> Mentoring and Coaching (Elective) - Maximum CPD points permitted: 5 points over the three year cycle. Mentoring and coaching activities refer to activities where estate agents assume responsibility for the provision of guidance and the transfer of knowledge and skills to a protégé who might be an intern estate agent or a junior employee of the estate agency enterprise. Mentoring and coaching could also include supervising further tertiary studies by employees or stakeholders.
> Reading and Publishing (Elective) - Maximum CPD points permitted: 5 points over the three year cycle. Reading and publishing includes the reading of appropriate and relevant estate agency related articles in magazines, scholarly journals, industry magazines, books and credible websites. It also includes the publishing of articles in the same sources.
> Personal Development (Elective) - Maximum CPD points permitted: 5 points over the three year cycle. Personal development relates to activities which contribute to the development of knowledge and skills that might not be directly related to property and estate agency but that will grow the estate agent as a person, professional practitioner and sector leader. |
| Fees |
| Ensure that the annual membership fee is paid. |
