The Road To Becoming A Principal Agent

An Intern Estate Agent
If you want to build a career in the South African real estate industry, you need to go through several steps first. The first step is to become an intern estate agent. To register you need to have a duly accomplished and signed form, certified copy of a valid ID, proof of payment or the required payment and a letter of employment from a principal agent. If you are not a South African you also need to provide your passport and a work permit. There are some disqualifications in the application and it involves people who had cases due to dishonesty or improper conduct in their workplace, and those who turned to solvent use and abuse without being rehabilitated yet.

Once you receive your intern Fidelity Fund Certificate you can now start to work as an intern in any real estate agency that complies with the requirement of the EAAB. The certificate can take a few weeks until it is given to you and you should take that time to prepare for what is coming ahead. There are training courses you can get in the meantime to help you prepare.

Full Status Estate Agent
For those who want to register as a full status estate agent, requirements should be met first. The first requirement is to undergo a year of internship under the supervision of a principal agent who holds a certification from the EAAB for the last three years or more. The internship will only start during the day that you receive your certificate. A logbook that provides proof of the internship should also be present. The logbook required by the EAAB can be quite confusing to some intern and principal sponsor but there are top logbook for internship courses that one can enroll to in order for them to lessen the burden of creating the logbook. Lastly, you also have to produce a NQF4 certification to prove that you have studied the theoretical concepts regards real estate. After which you now need to take the Professional Designation Exam before you can apply as a full status estate agent.

Furthermore, documents such as your filled application for, valid South African I.D or a valid passport for non-South Africans, work permit for non-South Africans, proof of payment, letter of employment and proof of status change are also required. You have to provide all the required documentation or else your registration would not be processed.

Principal Agent
To be a principal agent, you have to accomplish everything above before you try and get a certification for the completion for the NC: Real Estate NQF5. You can also have an equivalent of this through the Recognition of Prior Learning in which you have a degree in something that is higher than the required qualification. After this, you go and take the PDE for the second time. Once everything has been completed, you will be awarded the Principal Estate Agent Fidelity Fund Certificate by the EAAB.