INTERN AGENTS - WHAT YOU NEED TO KNOW


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INTRODUCTION

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An intern can almost be seen in the same terms as an apprentice. The intern works and learns under a mentor while becoming competent enough to operate as an agent on their own.

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INTERNSHIP AGREEMENTS

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When  you join an agency as an intern, you will be required to sign an internship agreement as well as fill in any other necessary forms required. Some agencies also require a main agent agreement to be signed as well.
 
A recommended internship agreement is available from the EAAB if you would like to look at that - perhaps a good idea before signing the one presented to you by the agency.

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INTERNSHIP TIME AND TRAINING

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An internship is set to take place over a period of one year. Should you not be declared competent by the Mentor or have not yet completed your NQF4, you have one more additional year in which to remedy this.
 
services seta property network agent trainingDuring this time, you will also undertake your studies to obtain your Further Education and Training Certificate : Real Estate - NQF4 This qualification is obtainable through any certified training provider and the RPL (Recognition of Prior Learning) option is also available.

The average cost for doing this course is around R8500 and some training institutions allow instalments. There are bursaries available from time to time but are not consistent so it is best to plan to pay for this yourself.

 
Some exemptions for unit standards are applicable depending on relevance of previous studies.

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RECORD OF INTERNSHIP
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During the internship, the intern will be required to keep a comprehensive record of activities undertaken together with a file named a Portfolio of Evidence. Here you will keep record of all training, workshops and work undertaken, as well as provide evidence of this e.g training notes, adverts prepared etc.
 
The principal of the business then signs off each section acknowledging that the information is correct as well as appraising the intern in that area and finding them competent or not. This file forms the basis of assessing whether the EAAB will recognise that the internship is indeed complete

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REGISTRATION WITH EAAB AND THEIR EXAMS
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All agents including interns are required to register with the EAAB before they can operate as an agent in any way. Currently the cost of new registrations is just over R500 and renewals just over R350.

The EAAB then issues you with a Fidelity Fund Certificate as an Intern, which is valid for one year running from January to December.

Once the agent has ;
1)            completed their internship
2)            the internship has been signed off by the principal ;
3)            they have obtained their NQF4 qualification  and ;
4)            the EAAB approved the completed internship,
they must then write the PDE (Professional designation Exam)
 
This exam covers the same study areas that they have dealt with during their studies as well as internship and is an open book exam. When you pass this exam, the EAAB will then issue you with a Fidelity Fund Certificate as a fully fledged agent.
The cost of this exam is currently around R550 and must be written within 2 years of obtainingthe qualification.

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WHAT DO I EARN AND WHAT DO I PAY?
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This varies from agency to agency and you must check and compare before making a decision.
 
Many agencies pay the intern less than they would normal agents in order to compensate for the time spent with them - after all, to an agent, time is money. This could be anything from a small basic plus a percentage of the commissions (from 10 to 20%)
 
You could also be used as an assistant to your mentor in which case you in essence work for the mentor while doing your internship, rather than as an intern on your own accord.You need to assess your own needs and desires before making a decision.
 
Regarding costs, you will have to pay the following over the year :
1)            EAAB Registration fee
2)            Costs of obtaining your NQF4
3)            Your own fuel, cell phone and other marketing costs you need to incur while selling homes
4)            Desk fees etc required from the agency


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WHAT DO WE OFFER?
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Some of the benefits that make us stand out from the rest
*      Same commission structure as normal agents
property network list icon      A friendly team environment in which to grow and learn
property network list icon      A commitment to helping you grow and become successful
property network list icon      No desk fees or agency fees to pay
property network list icon      Flexible time management - minimal time required in the office
property network list icon      Provision of For sale and On Show Boards and business cards - enough to get you going - free
property network list icon      All the brochures, valuation packs and other materials you will need - free
property network list icon      Excellent training materials and access to other training via attorneys banks etc
property network list icon      You only take responsibility for your own travel and fuel costs

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SO WHAT NOW?
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Why not download our full brochure on internships and read thorugh that
 
A career in real estate is highly challenging but also highly rewarding. It IS NOT something to be considered a part time occupation. To all intents and purposes, agents are self employed and more than in many industries, you will reap what you sow.

If you do what you have to do, when you have to do it, and how you should be doing it, and do that consistently, you WILL be successful.

If you feel this is the career choice for you and Property Network is going to be your real estate home then contact ;
Colin Fibiger
Cell : 0824135759
Office : 041-3684498
Or Email Here


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For more about what we offer our agents go Here

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