NQF4 Estate Agent Training Applications
B-BBEE Advisory Services
There’s a lot of speculation around the new Property Practitioners Act and subsequent Regulations from everyone in the industry. The most common questions we get are about training of agents and how this will change under the new regulations.
At this stage, the new requirements are very much “up in the air” with additional instructions expected from the Property Practitioners Regulatory Authority (PPRA) over the course of the year.
*Note that both LOGBOOK and the NQF4 REAL ESTATE COURSE (as we know it) will be discontinued under the new regulations.
These new regulations will not apply to current full status agents or current intern estate agents who had a valid FFC prior to 1 Feb 2022. However, it will take time for the relevant professional bodies to create and implement the new estate agent courses. As such, the PPRA may bring in transitional provisions for the phasing in of some or all of the new training requirements under the new Act.
In other words, business as usual until further notice!
The Act itself doesn’t stipulate much with respect to training, however it does outline the reasons for change which are essential for leaders in the industry to understand. The Act basically covers the following general topics:
The new registration status levels under the PPRA are as follows:
The PPRA will require the following for agents to become fully qualified:
As always, the Phoenix/Van Deventers team will review any updates brought out by the PPRA and adapt our training courses to suit the needs of our supporting agents and agencies within the industry. We will endeavor to continue our Logbook, NQF4 Real Estate and PDE4 Prep courses until the new requirements are released, and will adapt these courses as and when required by the PPRA.
We look forward to assisting property practitioners with a more streamlined, industry-specific and practical approach to training.
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