INTERN AGENTS - WHAT YOU NEED TO KNOW
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.
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.
INTERNSHIP TIME AND TRAINING
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.
During 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
Some exemptions for unit standards
are applicable depending on relevance of previous studies.
RECORD OF INTERNSHIP
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
REGISTRATION WITH EAAB AND THEIR EXAMS
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.
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 ;
internship has been signed off by the principal ;
have obtained their NQF4 qualification
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.
WHAT DO I EARN AND WHAT DO I PAY?
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 :
of obtaining your NQF4
own fuel, cell phone and other marketing costs you need to incur while selling
fees etc required from the agency
WHAT DO WE OFFER?
Some of the benefits that make us
stand out from the rest
structure as normal agents
A friendly team
environment in which to grow and learn
A commitment to helping
you grow and become successful
No desk fees or agency
fees to pay
Flexible time management
- minimal time required in the office
Provision of For sale
and On Show Boards and business cards - enough to get you going - free
All the brochures,
valuation packs and other materials you will need - free
materials and access to other training via attorneys banks etc
You only take
responsibility for your own travel and fuel costs
SO WHAT NOW?
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 ;
Cell : 0824135759
Office : 041-3684498
Or Email Here
More about Property Network Here
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