How to become an estate agent

Ever imagined yourself selling property to make a living or as a professional career?

Ever imagined yourself selling property to make a living or as a professional career?

You first have to write a two-hour multiple choice examination as required by the Estate Agency Affairs Board (EAAB). Another option would be to become a registered candidate employed by a practising agency for a year.

"That way, you will be awarded a certificate by the EAAB, which will enable you to practice as a qualified and compliant estate agent," says Portia Tau-Sekati, chief executive officer of the National Association of Real Estate Agencies (Narea).

However, writing an examination does not guarantee experience in the job, so Narea encourages aspirant estate agents to gain experience (by working in a practising agency) before opening up their own estate agency.

"Narea will assist in placing interested candidates in practising agencies so that they can gain experience," says Tau-Sekati.

From next month, a new qualification called National Qualification Framework (NQF) will be used when taking in new entrants. The NQF, she says, will enable the industry to be globally competitive by aligning it to best practice. It also offers candidates the commitment of lifelong learning and incorporates formal and informal learning.

"This will equip candidates with a holistic and integrated practical and theoretical grounding on principles and practices of estate agency. The NQF route will certainly transform and develop the estate agency profession and will ensure that estate agents undertake tasks and functions in a competent and professional manner," says Tau-Sekati.

She says bursaries, mentorship and coaching programmes are available to black candidates wishing to enter the profession. Tau-Sekati says the NQF qualification is a must in order to run a successful agency.

"Estate agents who practice without a Fidelity Fund Certificate run the risk of losing big clients and commissions or having to back pay for all the years they have practised without one. We encourage new entrants to be compliant as there are more benefits and greater chances of success if you comply than when you are not," she says.

For more information contact Narea at 011-258-8875.